Genus Power Posts Strong Q4 And FY26 Results

22 May 2026 CW Team

Genus Power Infrastructures (GPIL), a provider of smart metering solutions and an Advanced Metering Infrastructure Service Provider (AMISP), reported audited results for the quarter and year ended 31 March 2026. The company said its total order book, including SPVs and the GIC platform, stood at about Rs. 251,730 mn net of taxes as on 31 March 2026, with concessions spanning eight to nine years.

Standalone revenue for the quarter was Rs. 15,237 mn, up 62.7 per cent year on year and 35.8 per cent quarter on quarter, driven by accelerated project execution. EBITDA was Rs. 2,840 mn with an 18.6 per cent margin, and profit after tax from continuing operations was Rs. 1,807 mn with a PAT margin of 11.9 per cent. Gross profit margins moderated due to a shift in product mix and higher imported raw material consumption.

For FY26, revenue rose to Rs. 47,375 mn, an increase of 94.0 per cent, and EBITDA reached Rs. 9,602 mn with a margin of 20.3 per cent, reflecting operating leverage and disciplined costs. Profit after tax from continuing operations was Rs. 6,050 mn, up 106.5 per cent year on year. Management attributed the variance between standalone and consolidated PAT primarily to mark-to-market adjustments related to Genus Paper & Boards Limited.

The NCLT approved the demerger and Genus Prime Infra allotted 50,776,631 equity shares, with eligible shareholders to receive one share (face value of Rs. two) for every six shares (face value of Re. one) held on the record date. GPIL said it has installed more than 10 mn smart meters and maintains manufacturing capacity exceeding 18 mn meters annually. It noted an industry requirement of about 310–320 mn smart meters, of which roughly 156 mn have been tendered to date, and indicated an FY27 revenue target of approximately Rs. 60,000-65,000 mn.

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