Genus Power Infrastructures Announces Q1FY27 Results, Revenue Jumps 44.8%

Genus Power Infrastructures Announces Q1FY27 Results, Revenue Jumps 44.8%​

Jaipur, August 14, 2026 - Genus Power Infrastructures Ltd., a smart metering solutions provider and leading AMISP player for the Power Distribution Industry, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported significant growth in revenue driven by strong execution of its order book and ramp-up across ongoing AMISP projects.

The standalone financial snapshot highlights a robust performance trajectory. Revenue reached Rs 1,364.9 crore for Q1FY27, marking a substantial increase of 44.8% year over year (YoY), compared to Rs 942.4 crore in Q1FY26. EBITDA stood at Rs 260.1 crore, an improvement of 30.4% YoY from Rs 199.5 crore in the previous quarter. Profit After Tax (PAT) also grew 26.7% YoY, reaching Rs 162.8 crore against Rs 128.5 crore in Q1FY26.

The results reflect a mix of strong operational execution and margin pressures. While revenue growth was high, the EBITDA margin stood at 19.1%, compared to 21.2% in Q1FY26. This decline was attributed primarily to lower gross margins, which fell from 39.6% YoY to 37.0%. The decrease was noted as a result of rising raw material costs amidst ongoing supply disruptions due to the West Asia geopolitical crisis.

Operational Status and Future Outlook​

As of June 30, 2026, Genus Power Infrastructures reported that its total order book, covering all SPVs and the GIC Platform, stands at approximately Rs 24,020 crore (excluding taxes). This significant order book provides strong revenue visibility for the coming years.

Mr Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures, commented on the performance, stating that the Q1FY27 results were a strong commencement to FY27, underpinned by increased rollout intensity in smart metering projects and ramp-up across AMISP projects.

He noted that while PAT grew 27% YoY, margin moderation was primarily due to higher raw material costs resulting from supply disruptions stemming from the West Asia geopolitical situation. The company emphasized confidence in achieving its FY27 revenue guidance of Rs 6,000 - Rs 6,500 crore.

Management also detailed a focus on operational efficiency and future growth avenues:

• Execution Targets: Genus aims to install at least 1 crore smart meters during FY27, supported by manufacturing capacity exceeding 1.8 crore meters annually.
• Working Capital Efficiency: The company expects significant improvement in working capital days, targeting a reduction of 50-75 days compared to FY26, with positive operating cash flow expected from FY28.
• Revenue Transition: The transition toward the Operation and Maintenance (O&M) phase is expected to improve revenue quality and predictability. O&M revenue, currently limited, is projected to be meaningful starting from FY28, potentially reaching Rs 600 - Rs 700 crore, with a long-term potential of Rs 1,100 - Rs 1,200 crore.

The smart metering opportunity remains substantial, with 31 - 32 crore electricity meters expected to transition to smart meters and approximately 8 - 9 crore meters anticipated to be tendered during FY27. Beyond traditional utility projects, the company continues selective investment in smart gas and water meters, as well as software capabilities and international markets, noting that the gas metering opportunity alone is estimated at Rs 35,000 - Rs 36,000 crore over the next 3 - 4 years.

The Q1FY27 performance data, compared with Q1FY26, is presented below:

GENUSPOWER Stock Price Movement​

Genus Power Infrastructures Limited shares closed higher today, gaining 0.70% and settling at ₹309.1 after the market session. The equity saw a trading volume of 2.24 million shares in the post-market activity.