CleanMax reports 43 per cent rise in Q2 EBITDA
The renewable energy company saw its profit after tax rise 82 per cent to ₹65 crore for the second quarter.
CleanMax, a commercial and industrial renewable energy company, reported an adjusted EBITDA of ₹553 crore for Q2 FY27, marking a 43 per cent increase year-on-year, according to the Economic Times.
The company's reported profit after tax (PAT) rose 82 per cent to ₹65 crore during the same period. For the first half of FY27, revenue from operations grew 67 per cent to ₹1,560 crore, while reported EBITDA increased 58 per cent to ₹1,011 crore.
H1 PAT rose to ₹120 crore, compared to ₹19 crore in H1 FY26. The company noted that repeat customers accounted for approximately 85 per cent of newly contracted capacity, with growth driven by demand from hyperscalers and conventional commercial and industrial customers.
As of September 30, 2026, the company's contracted renewable energy power sales portfolio stood at 6.3 GW. Including 0.8 GW in renewable energy services, the total operational and contracted portfolio reached 7.1 GW, while overall platform capacity crossed 13 GW.
CleanMax Founder and MD Kuldeep Jain said the company's operational portfolio continues to expand and that securing grid connectivity ahead of demand is important to support growing business energy requirements.
The company has guided for a reported EBITDA above ₹3,000 crore for FY28. CleanMax is rated CRISIL AA/Stable and recently raised ₹2,500 crore through green bonds.