Conference Call with Genus Power Infrastructures Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Electrical Equipment/Products company Genus Power Infrastructures announced Q1FY26 results Revenue stood at Rs 942.4 crore, up by 128%, as against Q1FY25 revenue of Rs 414.2 crore. EBITDA stood at Rs 199.5 crore, up by 215%, as against Rs 63.2 crore of Q1FY25. EBITDA margin improved significantly by 590 basis points YoY to 21.2% in Q1FY26. Profit After Tax (from continuing operations) stood at Rs 128.5 crore for Q1FY26, up by more than 3 times, as compared to Rs 40.7 crore in Q1FY25. The total order book as on 30 June 2025 stands at about Rs 29,321 crore (net of taxes), which gives visibility into robust future revenue growth. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures, said: “Genus Power Infrastructures Limited has begun FY26 with exceptional momentum, delivering another quarter of robust growth and operational progress. The company’s Q1FY26 performance underscores the scalability of its business model, the strength of its execution capabilities, and the depth of the opportunity within India’s accelerating smart metering transformation. Revenue from operations surged to Rs 942 crore, representing 128% growth over Q1FY25. This sharp increase was driven by accelerated execution across multiple projects and a sharp increase in installation volumes, buoyed by robust demand from state utilities and private AMISPs. EBITDA more than tripled year-on-year to Rs 199 crore, with margins expanding to 21.2%, as disciplined cost management and operating leverage more than offset softening in gross margins. Net profit more than tripled to Rs 128 crore, translating into a PAT margin of 13.6%. The industry backdrop remains highly favourable, with approximately 30–31 crore smart meters expected to be installed nationwide by 2031–32, of which only around 3 crore have been deployed so far, while only about 14 crore have been ordered and are at various stages of execution. This sustained pipeline, supported by a healthy tender flow from multiple states, offers multi-year visibility. Genus’s position as a fully integrated player combining in-house manufacturing of electronics, moulding, and PCBs with proprietary HES and MDM software solutions and complete lifecycle O&M; services ensures control over quality, execution speed, and cost efficiency, creating a competitive edge in winning and delivering large-scale projects. The current order book of over Rs 29,000 crore (net of taxes), of which approximately 80% of AMISP revenues will accrue directly to the company over the project lifecycle, provides a blend of near-term scale-up and long-term annuity-like income streams. While working capital intensity remains elevated due to the upfront investment required in pre-operational phases, this is aligned with the company’s execution model and is expected to ease meaningfully as more projects reach operational status in the coming quarters. Also, several projects have moved closer to operational go-live (OGL) status, a critical inflection point that triggers stable, recurring O&M; revenues and accelerates cash flow conversion. With clear revenue visibility, a growing base of O&M; income, and continued operational efficiencies, Genus Power is well-positioned to deliver on its FY26 guidance of approximately Rs 4,000 crore in revenue and 18% EBITDA margin. With a proven execution record, strong technological capabilities, and a robust pipeline, the company is primed to sustain its leadership and growth trajectory in India’s smart metering revolution.” Result PDF
Conference Call with Genus Power Infrastructures Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.