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Clean Max Enviro Energy Solutions Limited (NSE: Cleanmax) Q1 FY27: 74% Yoy Adj. Ebitda Growth, 6 GW RE Power Sales Portfolio

CleanMax reports strong Q1 FY27 with 74% YoY adjusted EBITDA growth and a 6 GW RE power sales portfolio. Discover the financial highlights and future outlook.

kuldeep yadav tradealone

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Clean Max Enviro Energy Solutions Limited (NSE: Cleanmax) Q1 FY27 Results

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX) delivered an impressive start to FY27, with a strong 74% year-on-year adjusted EBITDA growth in Q1 FY27. The company’s revenue from operations more than doubled year-on-year to INR 832 crore, resulting in an adjusted EBITDA of INR 494 crore. The company’s reported PAT stood at INR 55 crore, aided by operating leverage and a larger base of stabilized assets.

Record Capacity Commissioning

The quarter was marked by strong execution across its renewable energy portfolio, with a record 0.5 GW of capacity commissioned across multiple states in India, representing the highest quarterly commissioning in the company’s history. CleanMax’s total contracted capacity, including the RE Services segment, stood at 6.8 GW as of June 30, 2026, representing a threefold increase over the past two years.

Strong Financial Performance

Revenue from operations grew 107% YoY to INR 832 Cr in Q1 FY27, compared to INR 402 Cr in Q1 FY26, driven by a larger operational asset base and ramp-up in the RE Services segment. The company’s adjusted EBITDA grew 74% YoY to INR 494 Cr (Q1 FY26: INR 284 Cr). The weighted average cost of project debt improved to 8.4% as of June 2026, reflecting the company’s focus on optimizing its cost of capital.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Clean Max Enviro Energy Solutions Limited

Clean Max Enviro Energy Solutions Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CLEANMAX
Utilities › Utilities - Renewable
CONSOLIDATING DOWN
58
Fundamental
72
Technical
65
Overall

1W -5.55%
1M +5.85%
3M -2.34%
P/E: 98.3 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Clean gains 16.9% over three months and trades near its 52-week highs. D/E reaches 2.52. High leverage in this environment is a material risk the market cannot ignore. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock trades at 75% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 16.9% in three months on 27.1% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Clean Max Enviro Energy Solutions Limited.

CLEANMAX

Clean Max Enviro Energy Solutions Limited (cleanmax) Q1 FY27: Record 500+ MW Commissioning

Clean Max Enviro Energy Solutions Limited (CLEANMAX) announced record commissioning of over 500 MW in Q1 FY27, boosting its operational portfolio to 4.2 GW.

Deputy Editor, Equities for tradealone

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Clean Max Enviro Energy Solutions Limited Cleanmax Q1 FY27 500 MW

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX) announced a record-breaking commissioning of over 500 MW of renewable energy capacity in Q1 FY27, marking its highest-ever quarterly performance. This milestone increased the company’s operational renewable energy portfolio from ~3.6 GW to ~4.2 GW, underscoring its execution capabilities and leadership in India’s Commercial & Industrial (C&I) renewable energy segment.

Record Additions and Operational Growth

The significant capacity additions were primarily driven by projects in Gujarat, Karnataka, and Maharashtra, with additional contributions from Haryana and Chhattisgarh. This achievement reflects both the growing scale of corporate demand for clean energy and CleanMax’s ability to consistently commission projects at scale and pace. The operational renewable energy portfolio now comprises ~3.5 GW under the RE Power Sales business and ~0.7 GW under the RE Services business.

Strategic Expansion and Customer Partnerships

Mr. Kuldeep Jain, Founder and Managing Director, highlighted the importance of this milestone, stating, ‘Crossing 500 MW of commissioning in a single quarter reflects the scale of demand we are seeing from commercial and industrial customers. It also marks an important expansion of our operating portfolio and the long-term partnerships that underpin it. Our focus remains on timely execution and creating long-term value for customers and shareholders.’ Recent customer wins span blue-chip technology, Data & AI, and industrial companies, including Meta, Apple, and Princeton Digital Group, indicating growing adoption of clean energy solutions amongst large C&I consumers.

As India’s largest pure-play C&I renewable energy company, CleanMax will continue to support its customers through the next phase of their energy transition, reinforcing its position as a leader in the sector.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Clean Max Enviro Energy Solutions Limited

Clean Max Enviro Energy Solutions Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CLEANMAX
Utilities › Utilities - Renewable
CONSOLIDATING DOWN
58
Fundamental
72
Technical
65
Overall

1W -5.55%
1M +5.85%
3M -2.34%
P/E: 98.3 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Clean rises 49.4% over three months, with buying pressure holding steady. D/E reaches 2.52. High leverage in this environment is a material risk the market cannot ignore. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock holds at 66% of its 52-week range with RSI at 48. In other words, neither side has a clear edge right now. The stock rises 49.4% in three months on 26.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Clean Max Enviro Energy Solutions Limited.

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CLEANMAX

Clean Max Enviro Energy Solutions Limited (cleanmax) Partners with Meta for ~900 MW Renewable Energy

Clean Max Enviro Energy Solutions Limited (CLEANMAX) partners with Meta to develop ~900 MW renewable energy in India, supporting solar and wind projects.

seema chauhan author

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Clean Max Enviro Energy Solutions Limited Cleanmax June 2026 Partnership

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX) has announced a partnership with Meta Platforms, Inc. (NASDAQ: META) to develop approximately 900 MW of renewable energy capacity in India. This collaboration will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity. This initiative aligns with CleanMax’s mission to accelerate its customers’ shift to clean energy.

Supporting Meta’s Renewable Energy Goals

CleanMax’s renewable energy projects will support Meta’s efforts to add new generation to the grid, advance its goal of matching its electricity use with 100% clean and renewable energy, and help address Meta’s value chain emissions in the region. Meta is purchasing 100% of the environmental attributes from these projects, reinforcing CleanMax’s position as a long-term sustainability partner for corporate customers pursuing large-scale decarbonization initiatives.

Expanding Clean Energy Ecosystem

The collaboration highlights the role of renewable energy in supporting long-term growth while advancing decarbonization goals. As digital infrastructure expands rapidly, partnerships such as these are crucial in accelerating India’s energy transition. CleanMax will develop and operate 837 MW of new renewable energy capacity across Rajasthan and Karnataka, comprising large-scale solar and wind projects. This partnership builds on an existing relationship between the two companies and reflects the growing role of innovative corporate procurement models in advancing the country’s clean energy ecosystem.

As a result, Clean Max Enviro Energy Solutions Limited continues to strengthen its commitment to sustainability and renewable energy, driving forward the clean energy transition in India.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Clean Max Enviro Energy Solutions Limited

Clean Max Enviro Energy Solutions Limited. Here’s a quick read on where the business and the stock stand today.

CLEANMAX
Utilities › Utilities - Renewable
CONSOLIDATING DOWN
58
Fundamental
72
Technical
65
Overall

1W -5.55%
1M +5.85%
3M -2.34%
P/E: 98.3 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock
Continue Reading

CLEANMAX

Clean Max Enviro Energy Solutions Limited Partners with Gujarat Alkalies and Chemicals Limited to Accelerate Industrial Decarbonisation

Clean Max Enviro Energy Solutions Limited partners with Gujarat Alkalies and Chemicals Limited to supply 75.90 MW wind and 84.

Shruti singh - TradeAlone

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Clean Max Enviro Energy Solutions Limited Cleanmax June 2026 Partnership

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX) has announced a strategic partnership with Gujarat Alkalies and Chemicals Limited (GACL) to accelerate industrial decarbonisation through a hybrid renewable energy project. The partnership will supply 75.90 MW of wind and 84.34 MWp of solar power to GACL’s Dahej and Vadodara manufacturing units under a group captive structure.

Project Details

The project will be developed across four renewable energy sites in Gujarat, including Kalikanagar, Aji Dahisarda, Rajula, and Ghuntu. This initiative is expected to generate approximately 36.9 crore units of clean power annually, reducing CO₂ emissions by around 2,64,204 tons per year.

Sustainability and Impact

This collaboration marks a significant step towards enabling large-scale industrial decarbonisation in India. The project is being executed in two phases, with the first phase comprising 16.50 MW of wind capacity and 21.701 MWp of solar capacity, and the second phase comprising 59.40 MW of wind capacity and 62.64 MWp of solar capacity. Both phases will be commissioned in accordance with the contractual timelines.

Future Outlook

The partnership reflects a shared commitment to accelerating renewable energy adoption while ensuring reliable, sustainable power for large-scale industrial operations. CleanMax continues to strengthen its role as a trusted Net-Zero transition partner for leading industrial companies across India.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Clean Max Enviro Energy Solutions Limited

Clean Max Enviro Energy Solutions Limited. Here’s a quick read on where the business and the stock stand today.

CLEANMAX
Utilities › Utilities - Renewable
CONSOLIDATING DOWN
58
Fundamental
72
Technical
65
Overall

1W -5.55%
1M +5.85%
3M -2.34%
P/E: 98.3 Cap: Mid
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock
Continue Reading

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