Genus Power Q1FY27 Revenue Surges 45% to ₹1,365 Crore; Order Book Strong at ₹24,020 Crore
Genus Power's Q1FY27 revenue surged 45% YoY to ₹1,365 crore, driven by smart metering projects. EBITDA rose 30% to ₹260 crore, while PAT grew 27% to ₹163 crore. The order book stands at ₹24,020 crore, providing strong visibility. The company targets ₹6,000-6,500 crore revenue in FY27 and aims to install 1 crore smart meters.
The substantial revenue growth, strong order book, and positive future guidance are material financial events that are likely to have a significant impact on investor sentiment and the company's stock performance.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with a strong order book, indicating positive financial performance and future prospects.
Genus Power Infrastructures Limited has reported a strong performance for the first quarter of FY27, with total revenue increasing by 45% year-on-year to ₹1,365 crore. This growth was primarily driven by robust order book execution and the ramp-up in smart metering projects.
The company's EBITDA stood at ₹260 crore, a 30% increase year-on-year. However, the EBITDA margin saw a slight moderation to 19.1% from 21.2% in Q1FY26, attributed to higher raw material costs stemming from supply disruptions due to the West Asia geopolitical crisis. Gross margins improved sequentially to 37.0% but remained below the previous year's 39.6%.
Profit After Tax (PAT) grew by 27% year-on-year to ₹163 crore, with a PAT margin of 11.9%. 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 significant revenue visibility for the coming years.
Genus Power remains confident in achieving its FY27 revenue guidance of ₹6,000–6,500 crore. The company aims to install at least 1 crore smart meters during FY27, leveraging its annual manufacturing capacity of over 1.8 crore meters. As all projects have achieved operational go-live, working capital intensity is expected to improve progressively, with a projected 50-75 day improvement in working capital days in FY27 compared to FY26.
The transition towards the Operation & Maintenance (O&M) phase is expected to enhance revenue quality and predictability, with O&M revenue potentially reaching ₹600–700 crore from FY28 and further growing to ₹1,100–1,200 crore in subsequent years. The smart metering opportunity remains substantial, with an estimated 31-32 crore electricity meters transitioning to smart meters and approximately 8-9 crore meters expected to be tendered in FY27.
Beyond smart electricity metering, Genus Power is selectively 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, with potential for about ₹500 crore of international business in 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.