Clean Max Enviro Energy Solutions Limited has informed the Exchange about General Updates - Shareholders Letter for FY2026 dated 12 May 2026

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedCfo Debt Reduction RoadmapInvestor Communications View source PDF

CLEANMAX · price

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+11.5%1-day move

₹1220.20

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₹1205.00

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+3.6+2.8+2.7+3.2+11.5+5.3-1.7-0.4-1.2-7.9-3.6+5.2+6.7—

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AI summary

CleanMax delivered exceptional FY2025-26 performance, commissioning approximately 1.4 GW of renewable energy capacity to reach 3.1 GW operational portfolio. Run-rate EBITDA grew 64% YoY to ₹1,870 crore, while reported EBITDA rose 28% to ₹1,295 crore and PAT jumped 4.4x to ₹86 crore. The company maintained 83.52% RE Power Sales EBITDA margins (up from 75.32% in FY22-23), demonstrating strong operating leverage. Net Debt/EBITDA stood at 4.75x within guided 5.0-5.5x range. IPO proceeds of ₹1,149.25 crore have been partially deployed (₹523.67 crore for debt repayment). Strategic developments include Apple partnership (150 MW, ₹104 crore initial investment), Osaka Gas partnership (₹176 crore), and 42% of contracted capacity from Data & AI customers. The company guided minimum 1.5 GW commissioning for FY2026-27 from 2.6 GW contracted pipeline, with over 90% land-secured.

Likely market impact

CleanMax demonstrates strong execution capability with 1.8x capacity growth in a single year while maintaining industry-leading EBITDA margins and disciplined leverage. The 2.6 GW contracted pipeline provides clear revenue visibility for the next 18-24 months, with the 1.5 GW FY27 guidance serving as a credible floor given high execution readiness.