Green Energy Stock Jumps 5% After Reporting 1,900% YoY Increase in Net Profit

Synopsis:A recently publicly listed stock reported strong performance, with a key segment delivering 700 bps EBITDA margin expansion and 160 percent YoY profit growth, while the 9M profit grew by 1900 percent on YoY basis.

A small-cap stock in the renewable energy and Commercial & Industrial (C&I) power solutions segment surged 5 percent after announcing Q3FY26 results, supported by improved profitability. Leading up to the results, the company commissioned 1.3 GW of new capacity, with a strong focus on solar projects, which accounted for nearly 85 percent of the total additions.

With a market cap of more than Rs 10,300 Cr, Clean Max Enviro Energy Solutions Ltd saw its stock hit an intraday high of Rs 938, which is 5 percent higher than the previous close of Rs 891. The company stock was publicly listed on 2nd March 2026, at a listing price of Rs 960.

The Q3FY26 Result

In the latest quarterly result, the company has seen its revenue from operations increase by 13 percent YoY, from Rs 373 Cr in Q3FY25 to Rs 422 Cr in Q3FY26, while the QoQ decreased by 20 percent from Rs 530 Cr. The company had made a net loss of Rs 4 Cr in Q3FY25; this turned around to a net profit of Rs 21 Cr in Q3FY26 , while the previous quarter’s profit was at Rs 36 Cr, a decrease of 42 percent.

In 9M numbers of the fiscal year, the company saw its revenue from operations increase by 29 percent YoY, from Rs 1,050 Cr in 9MFY25 to Rs 1,355 Cr in 9MFY26. The net profits for the same period grew by 1900 percent, going from Rs 2 Cr to Rs 40 Cr, this number also surpassed the total FY25 number by 110 percent.

The company also has a ROCE of 7 percent and a ROE of 1 percent. The company is currently trading at a PE of 192 which is significantly higher than the industry average of 30.

Segment-wise Split

In Q3FY26, the company’s Power Sales Segment grew by 26 percent to Rs 310 Cr, while the Services Segment saw a slight 13 percent decline to currently stand at Rs 107 Cr. For the nine-month period, the power sales segment grew by 26 percent from Rs 820 Cr to Rs 1,030 Cr, while the services segment number grew by 41 percent from Rs 221 Cr to Rs 312 Cr.

The company’s profitability saw a significant boost, with the Power Sales Segment seeing its profits grow by 79 percent YoY to Rs 111 Cr from Rs 62 Cr. For the 9M period, this segment saw its profits grow by 40 percent from Rs 261 Cr to Rs 364 Cr, which is also 39 percent higher than the total FY25 profits from this sector. The service segment also saw its profit grow by 160 percent YoY from Rs 7 Cr to Rs 18 Cr, while the 9M number grew by 16 percent from Rs 32 Cr to Rs 37 Cr.

Highlight

CleanMax Enviro Energy Solutions is India’s largest renewable energy provider for the commercial and industrial (C&I) sector. The company provides end-to-end “Energy-as-a-Service,” including installation and long-term power supply, helping blue-chip corporates achieve net-zero goals.

CleanMax has significantly boosted profitability, with RE Power Sales EBITDA margins growing by 200 bps to 83 percent from 81 percent and RE Services climbing by 700 bps to 22 percent from 15 percent. A key driver for this kind of Q3 performance is the CORE partnership with Osaka Gas, where CleanMax retains a 51 percent majority. This non-dilutive, capital-efficient model has already secured INR 176 crore in strategic investment.

The company’s growth trajectory is remarkable, reaching 5.7 GW in contracted capacity by March 2026, up from just 1.75 GW in 2024, and a growth of 30 percent since the start of this fiscal. Currently, 3.0 GW is fully commissioned, representing a massive 76 percent increase this fiscal year. This expansion highlights CleanMax’s accelerating scale within India’s competitive renewable energy landscape.

In the first 11 months of FY2026, CleanMax commissioned 1.3 GW of new capacity, primarily focused on solar with 85 percent and the rest with wind at 15 percent across seven Indian states. Looking ahead, 2.7 GW is slated for completion within 24 months. For FY 26-27, the company targets an ambitious annual commissioning volume exceeding 1.5 GW.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Green Energy Stock Jumps 5% After Reporting 1,900% YoY Increase in Net Profit appeared first on Trade Brains.