Genus Power Q1FY27 Revenue Surges 44.8% YoY to ₹1,365 Crore; Order Book at ₹24,020 Crore
Genus Power's Q1FY27 revenue rose 44.8% YoY to ₹1,365 crore, with PAT up 26.7% to ₹163 crore. The order book stands at ₹24,020 crore. The company maintains its FY27 revenue guidance of ₹6,000-6,500 crore and aims to install 1 crore smart meters in FY27.
The announcement details significant financial growth, a substantial order book, and clear future growth strategies, which are material for investors and stakeholders.
The company reported strong year-on-year growth in revenue and profit, reaffirmed its full-year guidance, and highlighted a robust order book and significant future growth opportunities in smart metering.
Genus Power Infrastructures Ltd. announced its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27), reporting a significant 44.8% year-on-year (YoY) increase in revenue to ₹1,364.9 crore, up from ₹942.4 crore in Q1FY26. This growth was attributed to strong order book execution, ramp-up in smart metering projects, and sustained market demand.
EBITDA for the quarter stood at ₹260.1 crore, a 30.4% YoY increase from ₹199.5 crore in Q1FY26. The EBITDA margin was 19.1%, a decrease from 21.2% in Q1FY26, primarily due to lower gross margins. Gross margins declined to 37.0% from 39.6% YoY, impacted by rising raw material costs amid supply disruptions from the West Asia geopolitical crisis.
Profit After Tax (PAT) grew by 26.7% YoY to ₹162.8 crore, compared to ₹128.5 crore in Q1FY26. The PAT margin was 11.9%, down from 13.6% YoY. The company's total order book, including all Special Purpose Vehicles (SPVs) and the GIC Platform, stood at approximately ₹24,020 crore (excluding taxes) as of June 30, 2026, providing strong revenue visibility for the coming years.
Genus Power reaffirms its FY27 revenue guidance of ₹6,000 – 6,500 crore. The company aims to install at least 1 crore smart meters during FY27, supported by a manufacturing capacity of over 1.8 crore meters annually. They expect working-capital intensity to improve progressively, with a potential 50-75 day improvement in working-capital days in FY27 compared to FY26. Positive operating cash flow is anticipated from FY28 onwards.
The company also highlighted the transition towards the Operations & Maintenance (O&M) phase, which is expected to improve revenue predictability. O&M revenue, currently limited, is projected to become meaningful from FY28, potentially reaching ₹600-700 crore, with further growth to ₹1,100-1,200 crore in subsequent years. The smart metering opportunity in India remains substantial, with an estimated 31-32 crore electricity meters expected to transition to smart meters, and approximately 8-9 crore meters anticipated to be tendered during FY27.
Genus Power is also investing in smart gas meters, smart water meters, software capabilities, and international markets. The gas metering opportunity in India is estimated at ₹35,000-36,000 crore over the next 3-4 years, while international business potential is seen at about ₹500 crore over the same period.
What to do with a filing like this
Genus Power Infrastructures Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Genus Power Infrastructures Limited. Read the original for the full detail.