Clean Max Enviro Energy Solutions (CLEANMAX) Q3 24/25 earnings summary

Executive summary

• Report covers unaudited standalone financial results for the quarter and nine months ended December 31, 2024, with auditor review and security cover certification for listed NCDs.

• Company develops and sells renewable power, with NCDs listed on BSE since June 2022.

Financial highlights

• Revenue from operations for Q3 FY25 was ₹6,392.53 million, up from ₹2,801.16 million in Q3 FY24.

• EBITDA for Q3 FY25 reached ₹1,986.13 million, compared to a loss of ₹141.25 million in Q3 FY24.

• Net profit after tax for Q3 FY25 was ₹1,043.54 million, versus a net loss of ₹466.79 million in Q3 FY24.

• For the nine months ended December 31, 2024, revenue was ₹12,311.54 million and net profit after tax was ₹1,844.01 million.

Outlook and guidance

• Security cover for NCDs as of December 31, 2024, stands at 1.21x book value, above the required minimum of 0.7x market value.

• Last round equity valuation used for security cover calculation was ₹34,000 million.