Genus Power Infrastructures’ (GPIL) Q3FY23 revenue was Rs2bn (+2.3% YoY, -8.3% QoQ) while EBITDA was Rs205mn (-2% YoY, +21.7% QoQ). EBITDA margin improved to 10.2% (from 7.7% in Q2FY23) on the back of commodity price moderation leading to improved gross margin. PAT at Rs116mn was up 41.6% YoY and 14% QoQ, supported by higher other income at Rs82mn (+98% YoY, +7.2% QoQ).