CLEANMAX

* Strong FY28 earnings outlook: Clean Max Enviro has guided for a minimum EBITDA of ₹3,000 crore in FY28, implying a ~2.4x increase from its FY26 EBITDA of ₹1,290 crore, reflecting strong visibility in earnings growth. * Capacity expansion to drive growth: The guidance is based on achieving at least 4.6 GW of operational capacity by April 1, 2027, comprising 3.1 GW existing operational capacity and 1.5 GW of new capacity to be commissioned during the current fiscal year. * Positive long-term outlook: The updated guidance underscores management’s confidence in its project execution pipeline and renewable energy demand, with the planned capacity ramp-up expected to significantly boost revenue and profitability over the next two years.