CleanMax Reports 28 Percent YoY Revenue Growth in FY26 to INR 1,913 Crore, PAT Jumps 4.4x
CleanMax’s revenue from operations rose 28 percent YoY to INR 1,913 crore in FY26, while PAT increased 4.4x to INR 85.6 crore, supported by growth in its operational renewable energy capacity to about 3.1 GW.
May 13, 2026. By Mrinmoy Dey
In Q4, FY26, the company’s revenue from operations increased to INR 557 crore, from INR 446 crore posted in Q4 FY25, marking 25 percent YoY growth. The company’s profit after tax (PAT) for Q4 FY26 stood at INR 45.4 crore, compared to INR 17.2 crore in Q4 FY25, marking about 165 percent growth compared to the prior period.
CleanMax’s contracted RE power sales portfolio has reached about 5.7 GW as of March 31, 2026. It has commissioned ~1.4 GW of RE power sales capacity during FY26. Its operational RE power sales capacity grew nearly 80 percent YoY to ~3.1 GW as of March 31, 2026, from ~1.7 GW a year earlier.
The company’s contracted yet-to-be-executed RE power sales capacity stood at ~2.6 GW as of March 31, 2026. Including the RE Services business, the total contracted portfolio reached ~6.5 GW, stated the company.
Demand from the Data and AI segment continued to be a major growth engine, with the segment now contributing ~42 percent of CleanMax’s contracted RE power sales portfolio. Contracted capacity from this high-potential segment has grown by ~10x between FY24 and FY26 from 254 MW to 2,380 MW, respectively. During FY26, the company also commissioned its first 525 MWp CTU-connected project in Bikaner, Rajasthan, aimed at supplying renewable energy offsets to large technology customers.
Furthermore, Apple and CleanMax have entered into a strategic co-investment partnership with an investment of ~INR 104 crore in a 150 MW renewable energy portfolio towards decarbonisation within India’s C&I sector. This builds on their earlier partnership supporting Apple’s India operations.
CleanMax has also partnered under long-term agreements with leading hyperscalers and data centre operators, including STT Global Data Centers, Iron Mountain Data Centers and Princeton Digital Group, among others.
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