Clean energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) reported  revenue from operations of ₹8.32 billion (~$87.21 million) in the first quarter (Q1) of the financial year (FY) 2027, a 107% year-over-year (YoY) jump from ₹₹4.02 billion (~$42.14 million).

Revenue from renewable energy power sales rose 47% YoY to ₹5.28 billion (~$55.35 million) from ₹3.58 billion (~$37.53 million). Revenue from renewable energy services surged 632% to ₹3 billion (~$31.45 million) from ₹413.23 million (~$4.33 million).

The company reported a profit after tax of ₹551.74 million (~$5.78 million), compared to a net loss of ₹165.97 million (~$1.74 million) in the corresponding quarter last year.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter increased 74% YoY to ₹4.94 billion (~$51.78 million) from ₹2.84 billion (~$29.77 million).

Earnings per share came in at ₹4.11 (~$0.043) from an EPS loss of ₹1.35 (~$0.014).

CleanMax’s contracted renewable energy power sales portfolio reached 6 GW as of June 30, 2026. Of this, 3.5 GW was operational, while 2.5 GW was contracted and under execution.

Including the renewable energy services business, the company’s total contracted portfolio stood at 6.8 GW, three times the level recorded two years earlier. CleanMax commissioned more than 500 MW during the quarter, its highest quarterly capacity addition to date.

Demand from data center and artificial intelligence customers accounted for 42% of CleanMax’s contracted renewable energy power sales portfolio. Contracted capacity serving these customers increased nearly tenfold to more than 2.5 GW as of June 30, 2026, from 240 MW as of March 31, 2024.

Repeat customers accounted for 79% of the new contracted capacity during the quarter. The company had 593 commercial and industrial customers, with a weighted average power purchase agreement tenor of 23 years.

Its weighted average cost of project debt declined to 8.4% as of June 2026 from 8.5% in March 2026 and 9.2% in April 2025.

CleanMax has also initiated the consolidation of select rooftop solar special purpose vehicles totaling 148 MW into the holding company.

It said that it is on track to meet the guidance to add a minimum of 1,500 MW of new capacity during the year.

CleanMax’s board has approved the issuance of domestic bonds to diversify and expand its funding sources for future capital expenditure. The company expects the proposed issuance to improve funding competitiveness, optimize borrowing costs, and secure long-term financing at fixed interest rates.

In Q4 of FY 2026, total income rose 29.2% YoY to ₹6.40 billion (~$66.90 million) from ₹4.95 billion (~$51.79 million).

In June 2026, CleanMax partnered with global technology company Meta Platforms to support the development of 837 MW of new solar and wind projects across Rajasthan and Karnataka.