Clean Max Enviro Energy Solutions (CLEANMAX) Q2 24/25 earnings summary

Executive summary

• Report covers unaudited standalone financial results for the quarter and six months ended 30 September 2024, reviewed by statutory auditors with no material misstatements identified.

Financial highlights

• Revenue from operations for Q2 FY25 was ₹4,318.98 million, up from ₹2,721.04 million in Q2 FY24; six-month revenue reached ₹7,882.79 million.

• EBITDA for Q2 FY25 stood at ₹1,564.22 million, with a six-month EBITDA of ₹3,365.02 million.

• Net profit after tax for Q2 FY25 was ₹741.11 million, and for the six months, ₹1,676.81 million.

• Earnings per share (basic) for Q2 FY25 was ₹157.35; for the six months, ₹170.46.

• Exceptional loss of ₹107.66 million recognized due to fair valuation of Compulsory Convertible Preference Shares.

Outlook and guidance

• The company continues to maintain requisite asset coverage ratio and security cover for listed non-convertible debentures, with a book value cover of 1.26x as of 30 September 2024.

• Minimum security cover requirement of 0.7:1 based on market values is being met.