Other Electrical Equipment/Products Genus Power Infrastructures declares Q3FY22 result: Order Book at end of 31st December 2022 stood at Rs 1,163 Crore (net of tax) Order book to be executed over next 9-12 months Revenue stood at Rs 195.9 crore, up by 10%, as against Q2FY22 revenue of Rs 177.8 crore. The revenue growth continued to remain impacted by reduced capacity utilization on account of shortage of key raw materials. We expect this to dissipate by the month of April 2022, leading to substantial recovery in capacity utilization EBITDA stood at Rs 20.9 crore, up by 44%, as against Rs 14.5 crore of Q2FY22. Higher raw material prices and lack of operating leverage due to lower capacity utilization resulted in lower operating margins PAT stood at Rs 8.2 crore, up by 25%, viz-a-viz Rs 6.6 crore in Q2FY22 Commenting on the performance Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructure said, “The Indian metering industry continues to face severe shortage of semi-conductors and other electronic components due to global wide phenomenon of logistical and supply issues in the wake of COVID-19 pandemic. The supply-demand mismatch has also resulted in significant increase in prices of these key raw materials. This has severely hampered the capacity utilization in Q3FY22, the same as it did in last quarter. We expect both - the supply and prices of raw material - to stabilize by beginning of FY23, leading to significant uptick in topline growth in next financial year. At the same time, we have secured the supply of semiconductors for the entire fiscal year of FY23. With the implementation of ‘Reforms-Based, Result-Linked Power Distribution Sector Scheme’, we expect the entire landscape of the Indian metering industry to drastically change with likely multi-fold jump in the annual industry size. This will also lead to momentous shift from conventional meters to smart meters in Indian metering industry thus enabling much improved operating margins. This will be further aided by the new Result PDF