Clean Max Enviro Energy Solutions reported an 82.3% surge in second-quarter net profit to ₹64.9 crore, substantially exceeding analyst expectations of ₹42 crore. Operating revenue reached ₹727.6 crore as a 67% increase in high-margin power sales strengthened overall earnings before interest, taxes, depreciation, and amortization. Growth across commercial and industrial consumers helped expand the company's total platform capacity to approximately 13 GW by the end of September 2026. Management also reiterated its long-term target to achieve ₹3,000 crore in EBITDA by fiscal 2028.
Key points
Brokerage firm Macquarie maintained an Outperform rating with a ₹1,700 price target citin…: Brokerage firm Macquarie maintained an Outperform rating with a ₹1,700 price target citing strong operational momentum.
The company confirmed targets to commission more than 1.5 GW of power capacity during fis…: The company confirmed targets to commission more than 1.5 GW of power capacity during fiscal year 2027.
CleanMax maintained its long-term financial objective of generating ₹3,000 crore in EBITD…: CleanMax maintained its long-term financial objective of generating ₹3,000 crore in EBITDA by fiscal year 2028.
Sources checked by our analysis pipeline: 1
Shares of Clean Max Enviro Energy Solutions Ltd. traded higher on Wednesday, November 4, after the renewable energy company reported a strong set of Q2 FY27 results, with EBITDA and net profit beating analyst estimates.
CleanMax's earnings growth was supported by higher power sales, an expanding renewable energy portfolio and continued demand from commercial and industrial (C&I) customers. Its overall platform capacity reached approximately 13 GW as of September 30, 2026.
CleanMax shares climbed as much as 2.5% to ₹1,257.05 on the BSE on Wednesday, against the previous close of ₹1,225.30. The power stock opened at ₹1,250.90.
Despite the recent gains, it remains 18% below its 52-week high of ₹1,532.80, recorded in June 2026. Its 52-week low stands at ₹728, touched in March 2026.
The stock has faced some near-term pressure, declining 5% in one month and 7% over three months. However, it has gained 6.5% in six months and delivered a 42% return year-to-date in 2026.
CleanMax Q2 results: Net profit jumps 82%, EBITDA beats estimates
CleanMax reported an 82.3% year-on-year (YoY) increase in net profit to ₹64.9 crore…
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