Genus Power Infrastructures Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Electrical Equipment | Market Cap: ₹9.4K Cr
Total order book stands at approximately INR25,173 crores net of taxes, providing strong long-term revenue visibility. FY27 revenue guidance: INR 6,000 - 6,500 crores, driven by increased project rollouts and order book conversion.
From Genus Power Infrastructures Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹338
Market Cap
₹9.4K Cr
P/E Ratio
15.9
Revenue Rank
Margin Rank
How does Genus Power Infrastructures Ltd rank in Electrical Equipment?
Compare Genus Power Infrastructures Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Genus Power Infrastructures Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹172 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →Total order book stands at approximately INR25,173 crores net of taxes, providing strong long-term revenue visibility.
- →Large executable order book conversion expected to drive revenue growth.
- →FY27 revenue guidance: INR6,000 crores to INR6,500 crores, driven by rollout intensity and ongoing projects.
- →Industry size: Estimated requirement of around 31-32 crore smart meters in India; only ~15.6 crore have been tendered so far, indicating significant growth runway.
- →Expect tenders of around 9 crore meters in FY27 plus more in subsequent years.
- →Confident to maintain current market share (~22-23% as AMISP, >30% in meter manufacturing).
- →Expansion into adjacent segments like smart gas meters (INR35,000 crores industry over next 3-4 years) and smart water meters with potential for significant future revenues.
- →Export market focus with revenue target of INR500 crores in next 2-3 years.
- →Increased installations under RDSS with 3.61 crore meters OGL and 24 ongoing projects generating recurring revenue.
📈 Profitability & Margins
Rank 4- →FY27 revenue guidance: INR 6,000 - 6,500 crores, driven by increased project rollouts and order book conversion.
- →EBITDA margin expected to moderate to ~18% in FY27 due to raw material cost pressures (from 20.3% in FY26).
- →EBITDA in FY26 grew 104% YoY to INR 960 crores; PAT grew 106% YoY to INR 605 crores with 12.8% PAT margin.
- →Positive cash flow from operations anticipated by early FY28; improving quarterly cash flows in FY27.
- →Continued scale-up with smart meter installations over 1 crore meters in FY26; additional 9 crore meter tenders expected in FY27.
- →Long-term sustainable annuity revenue model from 24 AMISP projects operational with multi-year concession periods.
- →Maintain market share (~22-23% AMISP, >30% meter manufacturing) amidst selective and return-focused bidding.
- →Expect margin pressures but confident in managing cost impacts given 25 years' experience and operational efficiencies.
🏗️ Capital Expenditure Plans
Yes- →Current FY27 capex guidance: No major capex expected; only small regular capex of around INR 10-20 crores for routine items like dies and molds (Page 7).
- →Investment in Joint Venture Platform (Gemstar):
- → - As of FY26, Genus invested approximately INR 487 crores including loans and equity in the platform (Page 12).
- → - Expected additional investment of INR 600-700 crores in the JV platform over next 2 years (FY27 and FY28, and Q1 FY29) (Page 5).
- →Strategic investments and growth areas:
- → - Focus on smart gas meters, water meters, and exports alongside core smart metering business (Page 5).
- → - Gas metering market opportunity estimated at INR 35,000-36,000 crores over next 3-4 years (Page 5).
- → - Water metering expected to emerge as a significant long-term opportunity domestically and globally (Page 5).
- →Potential increase in net debt (up to INR 1,900-2,000 crores) partly due to investments in JV/platforms (Page 16).
💰 Fundraising & Capital Structure
Yes- →Current net debt stands at around INR1,500 crores.
- →Peak net debt is expected to reach between INR1,900 crores to INR2,000 crores, mainly due to investments in platforms and business growth.
- →Investments of INR600-700 crores are planned in the joint venture platform over FY27, FY28, and Q1 FY29.
- →Additional debt may be raised to support these investments and operational needs.
- →No mention of any new equity fundraising in the disclosed discussion.
- →Company aims to improve cash flows progressively, expecting positive cash flow from operations by FY28.
- →Debt is primarily short-term loans which are expected to reduce from FY28 onwards.
📋 Order Book & Pipeline
No information- →Current order book stands at approximately INR 25,000 crores.
- →Out of this, around INR 23,000 crores is from the platform, split into:
- → - INR 16,000 crores for CAPEX.
- → - The remaining for OPEX.
- →The order book is expected to complete over the next 2 to 2.5 years.
- →Large tender pipeline ahead with approximately 9 crore smart meters expected to be tendered in FY27.
- →Total smart meter market size is around 31-32 crore consumers; about 15 crore meters already tendered, with 7 crore installed.
- →Roughly 24-25 crore smart meters remain to be installed in India.
- →The company expects to maintain a market share consistent with historical levels (~22-23% as AMISP, 30%+ as meter manufacturer).
- →Additional investments of INR 600-700 crores planned in JV platforms over FY27 and FY28.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Continue your research
What Genus Power Infrastructures Ltd's management said in earlier quarters
Others in Electrical Equipment this season
- Parth Electricals & Engineering Ltd (Q4 FY26)
Combined, both new facilities can add around INR 300 crores to top-line revenue at full capacity. Key concall takeaways from Parth Electricals & Engineering…
- Avalon Technologies Ltd (Q4 FY26)
Focus on expanding complex box build and system integration business versus traditional PCB assembly, with box build increasing from 44% to 56% of revenues…
- Indo SMC Ltd (Q4 FY26)
Capex underway in SMC, FRP, and engineering units to enable revenue beyond INR 750 crores when fully operational. Key concall takeaways from Indo SMC Ltd's Q4…
- RMC Switchgears (Q4 FY26)
5,000 crore enterprise by 2030, focusing on electrical EPC and solar EPC sectors with vast market potential. Key concall takeaways from RMC Switchgears's Q4…
Frequently Asked Questions
What were Genus Power Infrastructures Ltd Q4 FY26 results?
Total order book stands at approximately INR25,173 crores net of taxes, providing strong long-term revenue visibility. FY27 revenue guidance: INR 6,000 - 6,500 crores, driven by increased project rollouts and order book conversion.
What is Genus Power Infrastructures Ltd share price analysis?
Genus Power Infrastructures Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.9 with a market cap of ₹9,418 Cr. Investors should review the full earnings analysis for detailed insights.
Is Genus Power Infrastructures Ltd planning capital expenditure?
Current FY27 capex guidance: No major capex expected; only small regular capex of around INR 10-20 crores for routine items like dies and molds (Page 7).
Keep Genus Power Infrastructures Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.