Genus FY26 outlook in-line with estimates

Genus FY26 outlook in-line with estimates

Genus Power Infrastructures Limited (GPInfra) has reported its Q1FY26 results, showcasing a robust performance that aligns with market estimates. The company's revenue stood at Rs 942.4 crore, up by 128% compared to Q1FY25, driven by a significant increase in installation volumes and strong demand from state utilities and private Advanced Metering Infrastructure Service Providers (AMISPs) [1]. EBITDA surged to Rs 199.5 crore, a 215% increase year-on-year, with the EBITDA margin improving by 590 basis points to 21.2% [1]. Profit After Tax (PAT) from continuing operations reached Rs 128.5 crore, up more than three times from the previous year [1].

Notably, historical data from 2022 to the present shows that GPInfra's stock has demonstrated a positive short-term performance following earnings releases, with a 66.67% win rate over 3 days, 80.00% over 10 days, and 66.67% over 30 days, with a maximum return of 3.98% during the backtest period.

The company's total order book, as of June 30, 2025, stands at about Rs 29,321 crore (net of taxes), providing a strong pipeline for future revenue growth. Jitendra Kumar Agarwal, Joint Managing Director of GPInfra, highlighted the company's exceptional momentum and scalability, attributing the growth to its integrated business model, which includes in-house manufacturing, proprietary software solutions, and complete lifecycle operations and maintenance (O&M) services [1].

The outlook for FY26 is in line with estimates, with GPInfra expecting revenue of approximately Rs 4,000 crore and an EBITDA margin of 18%. The company's strong order book and operational efficiencies position it well to achieve these targets. Additionally, GPInfra is expanding its operations in the water and gas metering markets, both domestically and internationally, presenting significant growth opportunities [1].

References:
[1] https://www.icicidirect.com/research/equity/rapid-results/genus-power-infrastructures-ltd