India · Delayed Price · Currency is INR Genus Power Infrastructures Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 revenue rose 94% to ₹4,738 crore, with EBITDA up 104% and PAT up 106%. FY 2027 revenue guidance is ₹6,000–6,500 crore, while fixed-price input-cost pressure lowers EBITDA margin guidance to 18%.
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Q3 and 9M FY26 growth was driven by AMISP execution, with 9M revenue up 114% and PAT up 157% YoY. A large order book, accelerating installations and unchanged FY27 guidance support continued growth, alongside working-capital and tender-timing considerations.
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Q2 and H1 FY26 delivered strong revenue and profit growth, prompting higher FY26 guidance. High project working-capital needs remain, while management expects cash-flow positivity in FY27 and sees substantial RDSS and adjacent-market opportunities.
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Q1 FY26 revenue rose 128% YoY to INR 942 crore, with EBITDA margin up to 21.2% and PAT more than tripling. Guidance remains above INR 4,000 crore revenue and 18% EBITDA margin; installations and operating go-lives are scaling, while working-capital needs remain a focus.
Fiscal Year 2025
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FY25 standalone revenue more than doubled to INR 2,442 crore, while EBITDA rose 247%. FY26 guidance targets INR 4,000 crore revenue and an 18% EBITDA margin, supported by a large order book and rising meter installations.
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FY25 revenue guidance of ₹2,500 crore and annual EBITDA margin guidance of 15%-16% were reaffirmed. Meter production increased sequentially, while project go-lives and working-capital improvement remain gradual.
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Q2 FY25 revenue and EBITDA rose sharply as smart-meter execution accelerated, while a large order book supports growth. Elevated working capital, project ramp-up delays and limited near-term tender awards remain key constraints.
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Q1 revenue, EBITDA and PAT rose sharply YoY, with higher gross margin. FY25 guidance remains INR 2,500 crore revenue and 15%-16% EBITDA margin; execution is expected to strengthen in H2.
Fiscal Year 2024
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Q4 FY24 revenue rose 108% YoY and PAT 151%, while a >INR 21,000 crore order book supports the FY25 revenue target of INR 2,500 crore. Execution ramp-up, working-capital needs and guarantees remain key considerations.
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Q3 revenue rose 28.9% YoY to INR 258.3 crore, while a >INR 20,000 crore order book underpins FY25 revenue guidance of INR 2,500 crore. Higher financing and tender-related costs weighed on profit as project execution ramps.
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Q2 FY24 revenue rose 18.4% YoY and EBITDA 46%, while PAT edged up to INR 11 crore. A ~INR 19,500 crore order book supports growth, but execution ramps after a 6–7 month lead time.
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Q1 FY24 revenue rose 39.6% YoY to INR 261 crore and EBITDA nearly doubled to INR 29 crore, while legacy orders and component shortages weighed on margins. An INR 8,200 crore-plus order book supports growth; FY24 revenue guidance is INR 1,200–1,400 crore.