Mumbai, India, July 31, 2026:

‍Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX | BSE: 544717) (“CleanMax”), India's largest renewable energy solutions provider for the commercial and industrial (“C&I”) sector, today announced its financial results for the quarter ended June 30, 2026 (“Q1 FY27”).

The Company delivered a strong start to FY27, with Q1 FY27 revenue from operations more than doubling year-on-year to INR 832 crore, resulting in a strong Adjusted EBITDA of INR 494 crore (up 74% YoY), while reported PAT stood at INR 55 crore. Contracted RE Power Sales capacity reached 6 GW as of June 30, 2026. Including the RE Services segment, CleanMax’s total contracted portfolio stood at 6.8 GW as of June 30, 2026, representing a threefold increase over the past two years.

The quarter was marked by strong execution across its renewable energy portfolio, with a record 0.5 GW of capacity commissioned across multiple states in India, representing the highest quarterly commissioning in the company’s history.

Key Highlights (Capacity and Portfolio)

• RE Power Sales contracted capacity reached ~6.0 GW as of June 30, 2026.
  • Of this, 3.5 GW is operational, with the balance 2.5 GW contracted and under execution.
• CleanMax’s total contracted capacity, including the RE Services segment, stood at 6.8 GW as of June 30, 2026.
  • Representing a 3x increase in the total contracted portfolio over the past two years, with 1.6 GW contracted during the trailing twelve months.
  • Including RE Services, across the total portfolio, CleanMax achieved a record quarterly commissioning of over 0.5 GW of operational capacity.
• Demand from the data centre and AI segment continues to contribute strong growth, accounting for 42% of contracted RE Power Sales capacity as of June 30, 2026.
  • Contracted capacity serving these customers has increased from 0.24 GW on March 31, 2024, to over 2.5 GW as of June 30, 2026, representing nearly 10x growth in just over two years.
  • Key customers include Cisco, STT Global Data Centers, NTT Data Group, Equinix, Iron Mountain India Data Centers, Princeton Digital Group, and L&T Data Center.
• Repeat customers accounted for 79% of new capacity, reflecting strong customer retention and satisfaction.
• The Company guides RE Power Sales capacity addition of over 1.5 GW in FY27.

Key Highlights (Financial Results)

• Revenue from operations grew 107% YoY to INR 832 Cr in Q1 FY27, compared to INR 402 Cr in Q1 FY26, led by a larger operational asset base and ramp-up in the RE Services segment.
• Adjusted EBITDA grew 74% YoY to INR 494 Cr (Q1 FY26: INR 284 Cr).
• The Company reported PAT of INR 55 Cr in Q1 FY27, aided by operating leverage and a larger base of stabilised assets.
• Weighted average cost of project debt improved to 8.4% as of Jun-26 (9.2% in Apr-25; 8.5% in Mar-26), extending the Company’s multi-year downward trend in borrowing costs. This reflects its continued focus on optimising its cost of capital, supported by its CARE AA- (Stable) credit rating.
• Selling, General & Administrative expenses as a percentage of RE Power Sales total income reduced to 8.7% in Q1 FY27, from 18.2% in FY23, reflecting continued operating leverage as the portfolio scales.
• The weighted average PPA tenor stood at 23 years, with 593 C&I customers as of quarter end.

Key Initiatives

To enhance operational efficiency, the Company has initiated the consolidation of select rooftop solar SPVs, representing 148 MWp of capacity across four SPVs, into the holding company. This consolidation is expected to drive operating efficiencies and strengthen cash flow generation over the coming years.

Additionally, our Board has approved the issuance of domestic bonds to diversify and expand its capital sources for future capital expenditure requirements. The proposed bond issuance is expected to improve funding competitiveness, optimise borrowing costs, and enable the Company to secure long-term financing at fixed interest rates.

Kuldeep Jain, Founder & Managing Director, said “We had a strong quarter. Operating results saw a strong growth in EBITDA, driven by volume growth and higher EBITDA margins in both business segments of RE Power Sales and RE Services. Further, we added a record new capacity of over 500 MW in the first quarter, and are well on track to meet our guidance of adding a minimum of 1,500 MW of new capacity during the year.”

Nikunj Ghodawat, Chief Financial Officer, said “Q1 FY27 reflects the strength of our business model as scale translates into stronger financial performance. As our commissioned portfolio grows, earnings, profitability, and cash flows continue to strengthen. Combined with a lower cost of debt and a strong credit profile, we’re well positioned to fund our growth pipeline while maintaining financial discipline.”

Appendix

Adjusted EBITDA Bridge (Q1 FY27)