Clean Max Enviro Energy Solutions Limited has informed the Exchange about Copy of Newspaper Publication
CLEANMAX · price
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Clean Max Enviro Energy Solutions has published its Q3 and 9-month FY26 unaudited financial results (ended December 31, 2025) in Financial Express and Mumbai Lakshdeep, as approved by the Board on March 17, 2026. On a consolidated basis, 9-month revenue grew 28.7% YoY to Rs 14,356 million, while net profit after tax jumped sharply to Rs 402 million from just Rs 22 million a year ago. However, Q3 consolidated revenue fell sharply QoQ to Rs 4,663 million from Rs 6,581 million, and net profit after tax declined to Rs 212 million from Rs 356 million. Standalone numbers were far stronger, with 9-month revenue tripling to Rs 43,501 million and net profit after tax rising over 3x to Rs 6,429 million, reflecting heavy losses at the subsidiary/SPV level which also pushed consolidated debt to Rs 1,14,326 million and debt-equity ratio to 3.19x.
The weak consolidated quarterly performance and high debt levels (over Rs 1.14 lakh crore) may weigh on sentiment despite strong YoY profit growth. The gap between standalone and consolidated results highlights that project-level subsidiary losses and interest costs are eroding group-level earnings, which investors should monitor closely.