Electrical Equipment & Products company Genus Power Infrastructures announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue stood at Rs 486.9 crore, up by 88%, as against Q2FY24 revenue of Rs 259.0 crore. This growth was driven by strong order execution in our smart metering segment. EBITDA stood at Rs 81.4 crore, up 232%, as against Rs 24.5 crore of Q2FY24. Our EBITDA margin improved significantly by 724 basis points YoY to 16.7% in Q2FY25, driven by the positive impact of operating leverage. We anticipate sustaining our operating margins at similar levels going forward. The enhancement in operating margin was further bolstered by our initiatives to optimize operational efficiencies and control costs. This was achieved despite the rise in employees and other expenses, driven by our ongoing efforts to expand the workforce and strengthen systems in preparation for the execution of the substantial order book we have secured. Profit After Tax, stood at Rs 58.3 crore for Q2FY25, up by more than 5 times, as compared to Rs 11.0 crore in Q2FY24. This surge in PAT includes a one-time gain of Rs 11 crore, recorded under other income, stemming from the resolution of an arbitration settlement related to a government project executed during 2007–2009. Our total order book, as on 30th September 2024, stands at about Rs 31,776 crore (net of taxes) – which gives visibility into robust future revenue growth. H1FY25 Financial Highlights: Revenue stood at Rs 901.0 crore, up by 73%, as against H1FY24 revenue of Rs 520.1 crore. EBITDA stood at Rs 144.5 crore, up 172%, as against Rs 53.1 crore of H1FY24. Our EBITDA margin improved significantly by 583 basis points YoY to 16.0% in H1FY25. Profit After Tax, stood at Rs 100.6 crore for H1FY25, up by 232%, as compared to Rs 30.3 crore in H1FY24. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures said: “We are pleased to deliver a healthy performance across key financial metrics in Q2FY25. The 88% YoY revenue growth was driven by higher production output, increased project execution, and stable raw material prices. Sequentially too, revenue improved by 18%, showcasing strong operational momentum. EBITDA margin improved to 16.7% YoY from 9.5% and increased from 15.3% sequentially, benefiting from operating leverage as the business gets scaled up efficiently. H1FY25 has established a solid foundation for the remainder of the fiscal year. Our strong order book provides us with a favorable position to achieve sustained growth in the upcoming quarteRs We anticipate full-scale execution to accelerate from Q3FY25 onwards. With this momentum, we remain confident in reaching our stated revenue target of approximately Rs 2,500 crore for FY25, with an expected EBITDA margin of 15-16%. This positive outlook is underpinned by our robust order pipeline, enhanced operational efficiencies, and the projected increase in smart meter installations. We are also actively targeting and receiving numerous inquiries from third-party Advanced Metering Infrastructure Service Providers (AMISPs) for smart meteRs While we have also begun securing Letters of Intent (LOIs) from these providers, we do not publicly disclose them, as our company policy excludes LOIs from being recognized as part of the active order book. The management is well-prepared to address potential challenges associated with the large-scale execution of projects, including cost management and financing requirements. We are also making strategic investments in workforce expansion and system enhancements to effectively support the execution of our significant order book. These investments are essential for sustaining our competitive advantage and ensuring the timely delivery of projects. We are actively exploring new opportunities in the gas and water metering markets, both domestically and internationally. We believe these markets present significant growth potential in medium to long term, serving as a strategic complement to our core business in smart electricity meteRs In conclusion, FY25 is positioned to be a transformative year for the company, as we leverage our strong order book, strategic partnerships, and solid market position to drive substantial growth. We remain confident in the company’s future prospects, underpinned by our unwavering commitment to operational excellence, innovation, and sustainable growth.” Result PDF