Financial Results for the quarter and year ended 31 March 2026

Revenue Growth 20pctPat Growth 25pctDebt Equity ThresholdResults RestatedResults View source PDF Explain this filing

CLEANMAX · price

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Price reactionminutes from the announcement price · days from the prior close

+7.7%Reaction day

₹1220.20

prior close

₹1205.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%+7.4% vs market

Power Generation peers, median of 28sector+0.3%+7.4% vs sector

On the reaction day the stock moved 7.4 pts more than Nifty Smallcap 250 and 7.4 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.6

10m

+2.8

15m

+2.7

30m

+3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.7+0.3+7.4+0.3+7.4

Next day

+11.5+0.3+11.2+1.2+10.3

+5.3-0.1+5.4-0.3+5.6

-1.7-1.6-0.1-2.1+0.5

-0.4-0.4-0.0-0.2-0.2

-1.2-0.3-0.8-1.0-0.2

-7.9+0.2-8.1-0.6-7.3

15d

-3.6+1.9-5.5-1.2-2.5

+5.2+3.3+1.9-1.7+6.9

+6.7+8.6-1.8-5.1+11.9

+3.0+9.7-6.7-10.1+13.1

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Clean Max reported strong full-year results with total income of ₹20,752.14 million, up 28.9% from ₹16,103.42 million in the prior year. Revenue from operations grew ~27.9% to ₹19,128.73 million, driven by Renewable Energy Power Sales (₹13,994.50M, +26.4% YoY) and Renewable Energy Services (₹4,973.28M, +32% YoY). EBITDA improved to ₹12,945.63 million (+27.5% YoY), though finance costs remain high at ₹7,859.22 million. PAT surged 340% to ₹855.77 million from ₹194.29 million. Total assets nearly doubled to ₹230,982.78 million, supported by a massive expansion in gross borrowings (₹113,124.22 million vs ₹71,268.37 million) and capex of ₹56,872 million on property, plant and equipment. The company listed during FY2026, and the auditor noted that Q3 FY2025 and Q4 FY2024 figures were not subjected to audit as the listing happened during Q4. Basic EPS stands at ₹9.10 vs ₹2.88.

Likely market impact

Clean Max delivered exceptional PAT growth (>340%) and strong revenue expansion, signalling a scaling renewable energy platform. However, the near-doubling of borrowings and high finance costs raise leverage concerns that investors should monitor, especially given the company's heavy capex cycle.