Quarterly Result: Clean Max Enviro Energy Solutions has announced its first financial results (quarterly results) following its Dalal Street listing earlier this month.

Clean Max Enviro said that its  PAT in Q3FY26 came in at Rs 21 crore as against a net loss of Rs 4 crore in the same quarter of the previous financial year.

Its revenue in the quarter was at Rs 423 crore, up 13 per cent from Rs 374 crore reported in Q3 of FY2025. EBITDA in the quarter under review was seen at Rs 307 crore, up 40 per cent on a YoY basis.

Clean Max Enviro said that it has reported a net profit of Rs 40 crore in the first nine months of FY26 (April to December 2025) compared to Rs 2 crore PAT reported in the same period last fiscal.

The company's EBITDA in the first nine months of FY26 increased by 33 per cent to Rs 945 crore versus Rs 709 crore reported in the corresponding period last year. EBITDA margins improved for the RE Power Sales segment from 81 per cent to 83 per cent and for the RE Services segment from 15 per cent to 22 per cent.

On a quarterly comparison, EBIDTA for the third quarter (Oct to Dec) of FY26 stood at Rs 307 crore, up 40 per cent from the corresponding quarter last year at Rs 220 crore.

Clean Max has also entered into asset-level investment partnerships with Osaka Gas called CORE (CleanMax Osaka Gas Renewable Energy), where CleanMax owns a majority 51 per cent stake.

"This will allow Clean Max to grow in a capital efficient, non-dilutive manner," the company said in a release, adding that Osaka Gas has invested Rs 176 crore in this partnership till date.

Clean Max Enviro Energy Solutions shares closed nearly 3 per cent lower at Rs 865.80 on BSE during Wednesday's trade.

Clean Max claims to be India’s largest renewable energy provider for the Commercial and Industrial (CCI) sector.