Clean Max Enviro Energy Solutions Limited has announced its Q3 FY26 quarterly results under Regulation 33, reporting EBITDA of ₹307 crore for the quarter compared to ₹220 crore in the corresponding quarter of the previous year, marking a growth of 40%. The renewable energy company's quarterly revenue reached ₹423 crore versus ₹374 crore in Q3 FY25, representing a 13% year-on-year increase. The company also reported Profit After Tax of ₹21 crore compared to a loss of ₹4 crore in the same quarter last year.

Q3 FY26 Financial Performance

The company's latest quarterly results demonstrate strong operational efficiency and business expansion. For the nine months ended December 2025, Clean Max achieved total revenue from operations of ₹1,355 crore compared to ₹1,050 crore in the corresponding period of the previous year, representing growth of 29%. The nine-month EBITDA reached ₹945 crore, reflecting 33% year-on-year growth compared to ₹709 crore in the same period last year.

Nine-Month Performance Overview

For the nine months ended December 2025, the company demonstrated consistent growth across key financial metrics. The renewable energy power sales segment contributed significantly to the overall performance, while the renewable energy services segment also showed improvement. EBITDA margins improved for both segments, with the RE Power Sales segment expanding from 81% to 83% and the RE services segment growing from 15% to 22%.

Operational Capacity Expansion

Clean Max commissioned 1.3 GW of renewable energy power sales capacity across seven states during the first 11 months of Fiscal 2026, comprising 85% solar and 15% wind projects. This expansion brought the total operational energy sales capacity to 3.0 GW as of March 1, 2026, representing 76% growth from 1.7 GW at the start of the fiscal. The company achieved a significant milestone with the commissioning of its first 0.5 GW CTU-connected plant in Bikaner, designed to supply renewable energy offsets to Data and AI customers.

Strategic Partnerships and Leadership Changes

The company operationalized a strategic partnership with Osaka Gas, establishing CORE (CleanMax Osaka Gas Renewable Energy) as a 51% CleanMax-owned joint venture. Osaka Gas has invested approximately ₹176 crore in this partnership to date, allowing Clean Max to grow in a capital-efficient, non-dilutive manner. The data and AI customer segment continues to drive growth, representing 42% of the company's contracted renewable energy power sales capacity, having risen by approximately 10 times in the last 2 years.

Board Changes and Earnings Call Availability

Clean Max announced the resignation of Mr. Arijit Basu from the Board due to his recent appointment as Chairman of IndusInd Bank, a lender to the company. The company welcomed Shri. DK Khara as an Independent Director and Lead Independent Director, who previously served as Chairman of State Bank of India. The company's weighted average project finance interest rate improved from 9.2% per annum as of March 31, 2025 to 8.9% per annum as of December 2025.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made available the audio and video recording of its earnings conference call for Q3 FY26 results on its website at cleanmax.com under the shareholder information section. The 3.0 GW operational energy sales capacity has an annualized run-rate EBITDA of approximately ₹1,800 crore from energy sales post technical and commercial stabilization.

Clean Max Enviro Energy Solutions Limited has officially notified stock exchanges about the change in its Corporate Identification Number (CIN) following its recent listing on major Indian bourses. The company informed the National Stock Exchange of India and BSE Limited on 18 March 2026 about this regulatory update mandated by the Ministry of Corporate Affairs.

CIN Update Details

The Ministry of Corporate Affairs has changed the company's CIN from 'U93090MH2010PLC208425' to 'L93090MH2010PLC208425' following the listing of equity shares on 02 March 2026. This change reflects the company's transition from unlisted to listed status on Indian stock exchanges.

Company Information

According to the Ministry of Corporate Affairs master data, Clean Max Enviro Energy Solutions Limited operates under the ROC Mumbai I jurisdiction. The company, incorporated on 29/09/2010, was formerly known as Clean Max Enviro Energy Solutions Private Limited before its transformation into a public limited company.

Stock Exchange Listing

The company is now listed on both the National Stock Exchange of India Limited under the symbol 'CLEANMAX' and BSE Limited. The notification was signed by Ullash Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689), ensuring compliance with regulatory requirements under Regulation 30.

Regulatory Compliance

This intimation fulfills the company's obligation to inform stock exchanges about material changes in corporate structure and regulatory status. The company has provided a copy of the updated master data from the MCA website to both exchanges for their records and appropriate dissemination to market participants.