Genus Power Infrastructures Limited (GENUSPOWER)
₹290.30 +0.03% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Genus Power's revenue was ₹1,365 Cr (+44.8% year on year, -11.2% on the previous quarter), and net profit ₹197 Cr (+43.2% year on year); the operating margin was 19.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,365 | +44.8% | -11.2% |
| Operating profit | ₹260 | +30.3% | -2.7% |
| Net profit | ₹197 | +43.2% | +14.3% |
| EPS (₹) | 7.11 | +43.1% | +25.8% |
| Operating margin | 19.0% | — | — |
GENUSPOWER delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 42.71% of the GENUSPOWER shares traded on NSE were taken to delivery, against the stock's own 20-session average of 46.9%. That is close to its usual level. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 41.4% · 36.9% · 46.1% · 41.9% · 42.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Genus Power Infrastructures Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar & Share Transfer Agent Niche Technologies Private Limited, covers the quarter ended September 30, 2026. It confirms that share certificates received for dematerialisation during this period were duly verified, mutilated, and cancelled, and depository names were updated. This is a standard quarterly regulatory submission with no financial or operational impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by RTA Niche Technologies Private Limited on October 6, 2026
- Filed with BSE and NSE on October 13, 2026
Genus Power Infrastructures announced the voting results of its 34th Annual General Meeting held on September 25, 2026. All five ordinary resolutions were approved by shareholders with over 99.8% majority, including the adoption of FY26 standalone and consolidated financial statements. Shareholders also ratified a dividend of Re. 0.50 per equity share (face value Re. 1) with 99.99% votes in favor. Other approved matters included the reappointment of retiring directors Dr. Keith Mario Torpy and Mr. Kailash Chandra Agarwal, alongside cost auditor remuneration.
- Dividend of Re. 0.50 per equity share (face value Re. 1) approved with 99.9996% votes in favor
- Adoption of FY26 audited financial statements passed with 99.84% votes in favor
- Total voter participation was 56.97% of outstanding equity shares (17,33,12,886 votes polled)
- Reappointments of directors Dr. Keith Mario Torpy and Mr. Kailash Chandra Agarwal approved with 99.90% and 99.86% favorable votes respectively
Genus Power Infrastructures Limited concluded its 34th Annual General Meeting on September 25, 2026, where shareholders approved all five resolutions with requisite majority. Key approvals include the declaration of a dividend of Re. 0.50 per equity share (face value Re. 1) for FY26, receiving 100.00% votes in favor. Shareholders also adopted the FY26 financial statements and approved the re-appointment of retiring directors Dr. Keith Mario Torpy and Mr. Kailash Chandra Agarwal. A total of 173,312,886 valid votes were cast across remote e-voting and AGM e-voting.
- Declared dividend of Re. 0.50 per equity share of face value Re. 1 passed with 100.00% approval (173,312,110 votes in favor)
- Adoption of FY26 standalone and consolidated financial statements passed with 99.84% approval (173,031,136 votes in favor)
- Re-appointment of directors Dr. Keith Mario Torpy and Mr. Kailash Chandra Agarwal approved with 99.90% and 99.86% favorable votes respectively
- Remuneration of Cost Auditors for FY 2026-27 ratified with 100% approval across 173,311,772 votes
Genus Power Infrastructures Limited has scheduled an analyst and institutional investor meeting for September 23, 2026, starting at 12:00 PM IST in Mumbai. The interaction will be organized by JM Financial Services Limited and will include 1x1 and group meetings. The company clarified that all discussions will rely strictly on publicly available information without sharing any unpublished price-sensitive information. Given its routine regulatory nature under Regulation 30(6), this disclosure carries no direct financial impact.
- Investor meeting scheduled for September 23, 2026, from 12:00 Noon Onwards (IST)
- Interaction format includes 1x1 and Group Meetings
- Event organized by JM Financial Services Limited in Mumbai
- Discussions confirmed to be based strictly on publicly available information
Genus Power Infrastructures Limited has issued the notice for its 34th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing. The company has recommended a dividend of Re. 0.50 per equity share (face value Re. 1) for FY25-26, subject to shareholder approval. The cut-off date for eligibility to vote at the AGM is September 18, 2026, with remote e-voting running from September 22 to September 24, 2026. Other standard agenda items include adoption of FY26 financial statements and director re-appointments.
- 34th Annual General Meeting scheduled for September 25, 2026 at 11:00 am IST via video conferencing
- Proposed final dividend of Re. 0.50 per equity share of face value Re. 1 for FY25-26
- Cut-off date for remote e-voting and AGM attendance set as Friday, September 18, 2026
- E-voting window open from September 22, 2026 (9:00 am IST) to September 24, 2026 (5:00 pm IST)
Genus Power Infrastructures has recommended a final dividend of Rs 0.50 per equity share (face value Re 1 each, or 50%) for FY26. The Board has fixed Friday, September 18, 2026, as the record date to determine eligible shareholders, subject to approval at the upcoming Annual General Meeting. If approved by shareholders, the dividend will be disbursed within 30 days of the AGM date.
- Recommended Final Dividend of Rs. 0.50 per equity share (50% on face value Re. 1)
- Record date fixed as Friday, September 18, 2026
- Dividend payment to be executed within 30 days from the AGM declaration date
- Applicable for financial year 2025-26 subject to shareholder approval
Genus Power Infrastructures has recommended a final dividend of Rs 0.50 per equity share of face value Re 1 each (50%) for the financial year 2025-26. The Board has set Friday, September 18, 2026, as the record date to determine eligible shareholders. The dividend is subject to approval at the ensuing Annual General Meeting (AGM) and will be disbursed within 30 days of declaration. Against the current share price of Rs 332.80, the dividend represents a modest yield of ~0.15%.
- Recommended final dividend of Rs 0.50 per share (50% of face value Re 1)
- Record date set for September 18, 2026
- Subject to shareholder approval at the ensuing Annual General Meeting
- Dividend to be paid within 30 days from the date of the AGM
Genus Power reported a 44.8% YoY growth in standalone Q1FY27 revenue to ₹1,364.9 Cr, while Net PAT grew 26.7% YoY to ₹162.8 Cr. The total order book (including SPVs and GIC platform) stood at ~₹24,020 Cr as of June 2026, equivalent to ~5.1x TTM revenue. Management expects a 50-75 days improvement in working capital cycles in FY27 and positive operating cash flow starting FY28. O&M recurring revenues are projected to scale to ₹600–700 Cr by FY28 as smart meter rollouts mature.
- Q1FY27 standalone revenue jumped 44.8% YoY to ₹1,364.9 Cr from ₹942.4 Cr in Q1FY26
- Q1FY27 EBITDA grew 30.4% YoY to ₹260.1 Cr with margins at 19.1%, while PAT stood at ₹162.8 Cr
- Total order book across all platforms stands at ~₹24,020 Cr net of taxes as of June 2026
- Targeting 50-75 days improvement in working capital cycle during FY27 and positive operating cash flows from FY28
- O&M revenues projected to reach ₹600–700 Cr by FY28 and ₹1,100–1,200 Cr in subsequent years
Genus Power reported a strong Q1FY27 with revenue growing 44.8% YoY to Rs 1,364.9 crore, driven by the ramp-up in smart metering project execution. While PAT increased 26.7% to Rs 162.8 crore, EBITDA margins compressed to 19.1% from 21.2% due to higher raw material costs linked to geopolitical supply disruptions. The company maintained its ambitious FY27 revenue guidance of Rs 6,000–6,500 crore and expects to install 1 crore smart meters this fiscal year. Management highlighted a focus on improving working capital by 50-75 days, aiming for positive operating cash flows by FY28.
- Revenue grew 44.8% YoY to Rs 1,364.9 crore, reflecting high execution intensity of the smart metering order book.
- Total order book stands at Rs 24,020 crore (excluding taxes), providing revenue visibility for the next 8-9 years.
- EBITDA margin moderated to 19.1% from 21.2% YoY, primarily due to raw material cost increases and supply chain issues.
- Management targets the installation of 1 crore smart meters in FY27, supported by an annual manufacturing capacity of 1.8 crore units.
- Projected improvement of 50-75 days in the working capital cycle for FY27 compared to FY26.
Genus Power reported a strong performance for Q1 FY27, with consolidated revenue growing 44.8% YoY to ₹1,364.88 Cr. Consolidated Net Profit rose 43.2% YoY to ₹196.64 Cr, driven by the ramp-up in smart meter installations. The company maintains a massive executable order book of ₹24,020 Cr, which is approximately 5.05x its TTM revenue, providing high long-term visibility. However, finance costs increased to ₹49.88 Cr, and legal proceedings related to a 2024 ED search remain an ongoing administrative watchpoint.
- Consolidated revenue increased 44.8% YoY to ₹1,364.88 Cr from ₹942.42 Cr in the previous year's quarter.
- Consolidated Net Profit grew 43.2% YoY to ₹196.64 Cr compared to ₹137.32 Cr in Q1 FY26.
- Total executable order book as of June 30, 2026, stands at ₹24,020 Cr (excluding taxes).
- Orders to be executed via the Gemstar JV platform account for ₹22,183 Cr, representing 92% of the total order book.
- Finance costs rose significantly to ₹49.88 Cr from ₹35.80 Cr YoY, reflecting higher working capital requirements for project execution.
Genus Power Infrastructures Limited has announced its participation in an investor conference organized by Emkay Global Financial Services Ltd. The group meeting is scheduled for August 14, 2026, in Mumbai. Discussions will be based on publicly available information, focusing on the company's current operations and financial standing. This is a standard regulatory disclosure for institutional engagement.
- Meeting scheduled for August 14, 2026, starting at 10:00 AM IST
- Interaction organized by Emkay Global Financial Services Ltd in Mumbai
- Company is currently executing a massive order book of ₹29,000 Cr
- TTM revenue stands at ₹4,751 Cr with an operating profit margin of 19.4%
Shareholders of Genus Power have approved the appointment of Mr. Sandeep Jain as an Independent Director through a postal ballot concluded on July 30, 2026. The special resolution received 95.82% votes in favor, representing 20.38 crore valid votes. Institutional participation was significant, with 96.01% of institutional votes cast in favor of the appointment. This move confirms the board's composition as the company focuses on executing its substantial ₹29,000 crore order book.
- Special resolution for the appointment of Mr. Sandeep Jain passed with 95.82% majority.
- A total of 21,26,86,904 valid votes were cast by 509 members during the e-voting period.
- Public institutions supported the resolution with 6,40,00,531 votes in favor (96.01% of institutional votes polled).
- Promoter and Promoter Group cast 11,85,02,404 votes, all 100% in favor of the resolution.
- The voting process was conducted between July 01, 2026, and July 30, 2026, based on a June 19, 2026 cut-off date.
Shareholders of Genus Power have approved the appointment of Mr. Sandeep Jain as an Independent Director via a postal ballot concluded on July 30, 2026. The resolution received strong support with 95.82% of the 21.27 crore valid votes cast in favor. The voting process involved 509 members and was conducted entirely through electronic means. This appointment ensures the company maintains its board governance standards as it executes its substantial ₹29,000 crore order book.
- Resolution for appointment of Sandeep Jain passed with 95.82% votes in favor.
- A total of 21,26,86,904 valid votes were cast by 509 members.
- Promoter and Promoter Group cast 11,85,02,404 votes, representing 100% support from this category.
- Public institutional voting showed 96.01% support with 6,40,00,531 votes in favor.
- The e-voting period was active for 30 days, from July 1, 2026, to July 30, 2026.
Genus Power Infrastructures Limited has received shareholder approval for the appointment of Mr. Sandeep Jain as an Independent Director. The resolution was passed via postal ballot and is deemed effective from July 30, 2026. This is a routine governance update following the initial notice issued on May 16, 2026. The company continues to focus on its substantial Rs 29,000 Cr order book, which is the primary driver of its long-term growth strategy.
- Appointment of Mr. Sandeep Jain (DIN: 11696540) as an Independent Director approved by members.
- Resolution deemed passed on July 30, 2026, the final date for remote e-voting.
- Follows the formal Postal Ballot Notice issued by the company on May 16, 2026.
- Company maintains a massive order book of Rs 29,000 Cr to be executed over 8-9 years.
Shareholders of Genus Power Infrastructures Limited have approved the appointment of Mr. Sandeep Jain as an Independent Director through a postal ballot process. The resolution received strong support with 95.82% of the 21.27 crore valid votes cast in favor. The voting period concluded on July 30, 2026, and the results were finalized by the scrutinizer on July 31, 2026. This appointment ensures the company maintains its required board composition as it scales to execute its large order book.
- 95.82% of valid votes (203,807,061 shares) were cast in favor of appointing Mr. Sandeep Jain.
- 4.18% of valid votes (8,879,843 shares) were cast against the resolution.
- A total of 509 members participated in the electronic voting process.
- The voting period was open for 30 days, from July 1, 2026, to July 30, 2026.
- The cut-off date for determining shareholder eligibility was June 19, 2026.
Financial Performance
Revenue Growth by Segment
The company reported a massive 103.3% YoY revenue growth in FY25, reaching INR 2,442 Cr compared to INR 1,201 Cr in FY24. This growth is primarily driven by the smart metering segment under the RDSS initiative. H1 FY26 continues this momentum with significant growth supported by a robust order book of INR 29,000 Cr.
Geographic Revenue Split
Revenue is predominantly domestic, with major projects in Assam, Chhattisgarh, Bihar, and Maharashtra. Exports historically contributed a 'three-figure turnover' (INR Cr) but slowed due to COVID-19; management expects meaningful export revenue to return within the next 2-3 years as they target strategic international markets.
Profitability Margins
Operating margins saw a sharp expansion from 12.1% in FY24 to 20.2% in FY25. This 810 basis point improvement is attributed to operational efficiencies and the scaling of high-margin smart metering projects. Net profit for CSR calculation purposes averaged INR 67.84 Cr over the last three years.
EBITDA Margin
EBITDA margin stood at 21.2% for H1 FY26, reflecting a sustained upward trend from the 20.2% reported in FY25. The improvement is driven by the transition to the AMISP model which offers better absorption of fixed costs through higher execution volumes.
Capital Expenditure
The company has committed a maximum investment of INR 1,100 Cr into its joint venture platform with GIC (Gemstar), revised downward from an initial estimate of INR 1,600 Cr due to better-than-expected internal cash flows within the JV. This capital is used to fund the 26% equity stake in project SPVs.
Credit Rating & Borrowing
The company maintains a 'Stable' outlook with reaffirmed credit ratings. It has access to a working capital limit of INR 816 Cr (93% utilized as of August 2025). Unencumbered cash balances stood at INR 400 Cr as of September 30, 2025, providing a strong liquidity cushion against debt obligations of INR 100-110 Cr in FY26.
Operational Drivers
Raw Materials
Key raw materials include semiconductors and various electronic components, which collectively account for 40-45% of the total meter component costs.
Import Sources
Approximately 40-45% of raw materials, specifically high-end electronic components and semiconductors, are imported from international markets, exposing the company to global supply chain fluctuations.
Capacity Expansion
While specific unit capacity is not detailed, the company is rapidly scaling operations to execute a 'landmark' order book of INR 29,000 Cr. The expansion is facilitated by the Gemstar platform where Genus acts as the exclusive supplier and EPC provider.
Raw Material Costs
Raw material costs are a significant factor, with 40-45% of components being imported. Because Genus signs fixed-price contracts with project SPVs, any spike in global semiconductor prices directly squeezes the 20-21% operating margins.
Manufacturing Efficiency
Efficiency is driven by the AMISP model, where Genus manages the entire lifecycle from supply to O&M. This integrated approach allows for better margin control compared to standalone meter supply.
Strategic Growth
Expected Growth Rate
25-30%
Growth Strategy
Growth will be achieved through the execution of the INR 29,000 Cr order book over the next 8-9 years. The strategy involves a JV with GIC (Gemstar) where Genus holds a 26% stake and acts as the exclusive provider for EPC and O&M services. Additionally, the company is expanding into gas and water meters and revitalizing its export business to diversify revenue streams beyond domestic electricity meters.
Products & Services
Smart electricity meters, gas meters, smart water meters, data loggers, and Advanced Metering Infrastructure (AMI) solutions including software as a service (SaaS) and facility management services (FMS).
Brand Portfolio
Genus, Kailash Group.
New Products/Services
Expansion into Smart Gas Meters and Smart Water Meters is underway, leveraging existing utility relationships to capture a broader share of the smart infrastructure market.
Market Expansion
Targeting strategic international markets for exports to return to pre-COVID turnover levels within 2-3 years. Domestically, the focus is on states implementing the RDSS scheme like Bihar and Maharashtra.
Market Share & Ranking
Genus maintains a 'strong market position' as a leading player in the Indian smart metering industry, though specific percentage ranking is not disclosed.
Strategic Alliances
A major JV with GIC (through Chiswick Investment Pte Ltd) created the Gemstar platform. GIC holds a 74% stake in the platform and a 15% stake in Genus Power Infrastructures Limited, ensuring capital availability.
External Factors
Industry Trends
The industry is shifting from simple meter manufacturing to Advanced Metering Infrastructure Service Provider (AMISP) models. This involves 10-year concession periods where the provider owns the assets and receives monthly payments, creating a recurring revenue model (FMS) and disrupting the traditional one-time sale approach.
Competitive Landscape
Genus competes in the smart metering and power infrastructure space, benefiting from its integrated EPC and O&M capabilities which many pure-play manufacturers lack.
Competitive Moat
The moat is built on 'exclusive supplier' status for the GIC-backed Gemstar platform and a 30-year track record in the industry. The high switching costs for utilities using Genus's proprietary SaaS and FMS for 10-year periods provide long-term sustainability.
Macro Economic Sensitivity
Highly sensitive to government fiscal policy and the Revamped Distribution Sector Scheme (RDSS) funding, which drives the demand for the INR 29,000 Cr order book.
Consumer Behavior
Shift toward digital and automated billing by utilities (DISCOMs) to reduce AT&C losses is the primary driver for demand.
Geopolitical Risks
Geopolitical tensions affecting semiconductor supply chains pose a risk to the 40-45% of imported components required for meter production.
Regulatory & Governance
Industry Regulations
Operations are heavily governed by the Revamped Distribution Sector Scheme (RDSS) guidelines and State Electricity Regulatory Commission (SERC) standards for smart meter installations and data privacy.
Environmental Compliance
The company has a dedicated CSR policy and committee, with a total CSR obligation of INR 31.85 Lakhs for the financial year after set-offs.
Taxation Policy Impact
The company follows standard Indian corporate tax rates; specific effective tax rate % for FY25 was not explicitly stated in the summary financial snippets.
Legal Contingencies
The company reported no significant or material orders passed by regulatory authorities or courts that would impact its status as a going concern during FY25.
Risk Analysis
Key Uncertainties
The primary uncertainty is the pace of smart meter installation and the working capital cycle. A failure to reduce GCA days below 250-275 could lead to a credit rating downgrade.
Geographic Concentration Risk
High concentration in India, specifically in states like Assam, Bihar, and Maharashtra which represent the bulk of the current order book.
Third Party Dependencies
Significant dependency on global semiconductor manufacturers for 40-45% of component value.
Technology Obsolescence Risk
The company mitigates technology risk by expanding into gas and water meters and developing in-house SaaS solutions for AMI.
Credit & Counterparty Risk
Receivables stood at ~140 days in H1 FY26. The counterparty risk is primarily with State DISCOMs, though the RDSS framework and AMISP model provide more structured payment mechanisms than traditional procurement.
