• Capacity addition guidance: Clean Max is tracking ahead of schedule to meet or beat its minimum annual target of 1,500 MW in capacity additions, following a 500 MW addition in the first quarter.
• Hyperscaler market share: Data and AI clients account for 42% of the company's 2,600 MW pipeline, with Clean Max holding an excess of 35% market share in contracted renewable power volumes for hyperscalers in India.
• EBITDA and tariffs: Supported by direct-to-consumer tariffs averaging ₹3.81 per unit, the company expects its run-rate EBITDA to increase from ₹1,870 crore to over ₹3,000 crore by the end of the fiscal year at an 85% to 86% margin.
• Capital and leverage: Having recently listed, the company does not anticipate raising equity for the next two to three years and maintains SPV-level debt at 4.5x to 5x debt-to-EBITDA.