Genus Power Infrastructures Wins Orders Worth ₹4,469 Crore (Net Of Taxes)

On August 28, 2024, Genus Power Infrastructures Limited announced that its wholly-owned subsidiary had received 3 Letters of Award (LOAs) worth a total of ₹4,469.04 crore (excluding taxes).

These awards are for the role of Advanced Metering Infrastructure Service Providers (AMISPs). The projects involve designing an Advanced Metering Infrastructure (AMI) system and supplying, installing, and commissioning about 5.59 million smart prepaid meters and system meters, including distribution transformer (DT) meters. The work will also include related energy accounting on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis.

Mr Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd, said, “We are pleased to announce that Genus Power Infrastructures Limited continues its remarkable growth trajectory with the successful securing of significant orders, further solidifying our leadership position in the smart metering sector.”

He further added, “Over the past few weeks, we have won 3 major orders, cumulatively valued at ₹ 11,003.08 crore (net of taxes). This includes orders worth ₹2,925.52 crore (net of taxes) & ₹3,608.52 crore (net of taxes) won in the third week of August and an additional ₹4,469.04 crore (net of taxes) secured now. These achievements bring our total order book to about ₹32,500 crore (net of taxes)”

Financial Highlights

In Q1 FY25, Genus Power Infrastructures Ltd reported a 59% increase in revenue, reaching ₹414.2 crore, compared to ₹261.1 crore in Q1 FY24, driven by strong performance in its smart metering segment. The gross profit margin improved to 44.4% from 34.6% a year earlier, thanks to better procurement practices and stable raw material costs. EBITDA surged 121% to ₹63.2 crore, with the EBITDA margin rising by 431 basis points to 15.3%. Profit after tax also rose by 120% to ₹42.4 crore, compared to ₹19.3 crore in Q1 FY24.

About Genus Power Infrastructures Ltd

Genus Power Infrastructures Ltd, established in 1995, is one of the largest companies in India’s electricity metering solutions industry, holding about 27% market share. The company leads the market in various types of meters and has developed smart metering solutions through its in-house research and development centre.

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