Genus Power Infrastructures Ltd

Meeting Details

• Board meeting scheduled for August 27, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and recommend final dividend on equity shares for FY2025-26.

Other Notes

Business overview

• End-to-end smart metering solutions provider with AMI, HES, and MDMS capabilities.
• Diversified into smart gas and water meters with software and TOTEX deployments.
• Strategic AMISP expansion via GIC partnership; exclusive India AMISP partner.

Key operational highlights

• Q1FY27 revenue Rs 1,365 crore, up 45% YoY.
• Order book: Rs 24,020 crore as of 30 Jun 2026.
• Crossed 1 crore smart meter installations in FY26.
• Guwahati plant commenced production.
• DFC USD 49.5 million investment secured for metering deployment.
• GIC AMISP platform partnership; exclusive India AMISP partner.

Financial performance

• Q1FY27 EBITDA Rs 260.1 crore; margin 19.1%.
• Gross margin 37.0%; PAT Rs 162.8 crore; margin 11.9%.
• FY27 revenue guidance: Rs 6,000-6,500 crore; capex target >1.8 crore meters/yr.
• O&M revenue expected from FY28: Rs 600-700 crore; growing thereafter.
• Working-capital days expected to improve by 50-75 in FY27.

Capital structure & liquidity

• Current borrowings Rs 1,790.5 crore; non-current borrowings Rs 501.4 crore.
• Cash & equivalents Rs 259.6 crore; other bank balances Rs 459.5 crore.
• Equity share capital Rs 30.4 crore; total equity Rs 2,202.6 crore.

Strategic priorities & outlook

• Scale execution; leverage executable order book and AMISP growth.
• Capex to support >1.8 crore meters annually; target 1 crore meters in FY27.
• Expand gas/water metering; pursue export opportunities; invest in software/analytics.
• GIC partnership reinforces AMISP platform; potential for international meters.

Risks & mitigation

• Elevated input costs press margins; mitigated by O&M revenue growth.
• Supply disruptions from West Asia affecting raw material costs.
• Execution risk from large order book; ongoing ramp-up of AMISP projects.

Governance & leadership

• Board includes MD & CEO Rajendra Kumar Agarwal and Joint MD Jitendra Kumar Agarwal.
• Independent directors and diversified governance framework in place.
• In-house ISO 17025/NABL accredited testing labs and quality certifications.

Business overview

• Transition to AMI integrator with end-to-end smart metering solutions.
• Totex model; expanding gas, water metering, and MDMS software.
• Strategic GIC partnership to scale AMISP platforms.

Key operational highlights

• Plants at Haridwar, Jaipur, Guwahati operational.
• Shapur PGVCL and Kala Amb HPSEB deployments completed.
• GIC platform partnership; exclusive AMISP partner in India.

Financial performance

• Q1FY27 revenue Rs 1,365 cr; up 45% YoY.
• EBITDA Rs 260 cr; margin 19.1%; gross margin 37.0%.
• PAT Rs 163 cr; order book Rs 24,020 cr.

Capital structure & liquidity

• Current borrowings Rs 1,790.5 cr; non-current Rs 501.4 cr.
• Equity Rs 2,202.6 cr; cash Rs 259.6 cr.
• Working-capital intensity expected to improve; positive cash flow from FY28.

Strategic priorities & outlook

• Install 1 crore smart meters in FY27.
• Capacity >1.8 crore meters annually.
• O&M revenue to become meaningful from FY28; 600–700 cr potential.
• Gas/water meter expansion; international growth; pursue TOTEX.

Risks & mitigation

• Elevated input costs and West Asia supply disruptions.
• Mitigation via higher O&M contributions and improved working-capital efficiency.

Governance & leadership

• MD & CEO: Rajendra Kumar Agarwal; Jt. MD: Jitendra Kumar Agarwal.
• Board includes independent directors; multiple governance and R&D certifications.

Q1 FY27 financial highlights

• Revenue: Rs 1,364.9 crore in Q1 FY27, up 44.8% YoY.
• EBITDA: Rs 260.1 crore; margin 19.1% vs 21.2% YoY due to higher raw materials.
• PAT: Rs 162.8 crore; margin 11.9%.
• Total order book stands at Rs 24,020 crore as of 30 June 2026, including SPVs and GIC Platform.

Outlook and key targets

• FY27 revenue guidance: Rs 6,000-6,500 crore.
• Install at least 1 crore smart meters in FY27; capacity over 1.8 crore annually.
• Working-capital days to improve 50-75 days in FY27 versus FY26; cash flow positive from FY28.
• O&M revenue potential from FY28: Rs 600-700 crore; potential Rs 1,100-1,200 crore subsequently.
• Gas metering opportunity in India: Rs 35,000-36,000 crore over next 3-4 years.
• International business potential: Rs 500 crore over next 3-4 years.
• All projects achieved operational go-live (OGL), improving revenue visibility.

Key financials (Standalone Q1FY27)

• Revenue Rs 1,364.9 crore, up 44.8% YoY.
• EBITDA Rs 260.1 crore, margin 19.1%.
• PAT Rs 162.8 crore, margin 11.9%.
• Order book including SPVs/GIC at Rs 24,020 crore as of 30 Jun 2026.
• Concessions run for 8-9 years.

Outlook and guidance

• FY27 revenue guidance: Rs 6,000-6,500 crore.
• H2 momentum expected to improve execution.
• Target to install at least 1 crore smart meters in FY27.
• Manufacturing capacity over 1.8 crore meters annually.
• Working-capital days to improve 50-75 days in FY27 vs FY26.
• O&M revenue to be meaningful from FY28; Rs 600-700 crore.
• Potential Rs 1,100-1,200 crore in subsequent years.

Strategic and market outlook

• Gas metering opportunity in India estimated at Rs 35,000-36,000 crore over 3-4 years.
• International business potential around Rs 500 crore over 3-4 years.

Notes

• PAT variance between standalone and consolidated due to MTM gains/losses on Genus Paper & Boards.

Standalone results

• Standalone Q1 FY27: Revenue from operations Rs 1,364.88 cr; Total income Rs 1,392.86 cr.
• Standalone Q1 FY27: Net profit Rs 162.82 cr.
• Standalone Q1 FY27: Basic EPS Rs 5.35; Diluted Rs 5.33.
• Standalone order book as of 30-Jun-2026: Rs 24,020 cr.
• Includes Rs 22,183 cr to be executed under JV with Gemstar Infra.

Consolidated results

• Consolidated Q1 FY27: Revenue from operations Rs 1,364.88 cr; Total income Rs 1,407.29 cr.
• Consolidated Q1 FY27: Net profit Rs 196.64 cr.
• Consolidated Q1 FY27: Basic EPS Rs 7.11; Diluted Rs 7.07.

Regulatory note

• Notes mention ED PMLA search; management committed to compliance.

Meeting Details

• Date/time: August 14, 2026, 10:00 AM IST; Group meeting in Mumbai.
• Organised by: Emkay Global Financial Services Ltd.
• Participants: Company officials to attend; specific roles not disclosed.
• Purpose: investor conference; discussions based on publicly available information.

Meeting Details

• Date of Board Meeting: Thursday, August 13, 2026.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window shall remain closed till August 15, 2026.