Clean Max Enviro Energy Solutions (CLEANMAX) Q2 25/26 earnings summary

Executive summary

• Approved unaudited standalone financial results for the quarter and half year ended 30 September 2025, with auditor's limited review confirming no material misstatements.

• Board approved amendments to debenture trust deed and articles of association, and prepared for an extra-ordinary general meeting.

• Company is engaged in renewable power generation and has initiated steps for an IPO, including filing a DRHP with SEBI.

Financial highlights

• Revenue from operations for Q2 FY26 was ₹14,577.09 million, up from ₹11,279.65 million in Q1 FY26 and ₹11,896.55 million in Q2 FY25.

• EBITDA for Q2 FY26 stood at ₹4,176.38 million, compared to ₹2,366.14 million in Q1 FY26 and ₹2,092.29 million in Q2 FY25.

• Net profit after tax for Q2 FY26 was ₹2,390.32 million, up from ₹1,335.45 million in Q1 FY26 and ₹800.47 million in Q2 FY25.

• Earnings per share (basic) for Q2 FY26 was ₹23.57, compared to ₹13.16 in Q1 FY26 and ₹8.52 in Q2 FY25.

Outlook and guidance

• Board and auditors confirm going concern status, supported by positive working capital, undrawn loan facilities, and expected cash flows from operations and asset realization.

• Company is progressing towards an IPO, with related expenses and actions approved and disclosed.