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Genus Power Receives 10-Year CTO for New Rajasthan Moulding Plant; Commences Production
Genus Power Infrastructures Limited has received the Consent to Operate (CTO) for its new state-of-the-art moulding plant in Keshwana, Rajasthan. The CTO is valid for a 10-year period from February 10, 2026, to January 31, 2036. The company has officially commenced regular production of moulding parts at this facility. This move is a strategic step towards backward integration of core technologies for its metering solutions business, which is expected to improve supply chain efficiency and margins.
Key Highlights
Received Consent to Operate (CTO) valid for 10 years until January 31, 2036
New state-of-the-art moulding plant located at Keshwana, Rajasthan, has commenced regular production
Strategic backward integration of core technologies for metering solutions to enhance operational efficiency
Facility aims to streamline the manufacturing process for the company's growing smart meter order book
💼 Action for Investors
Investors should view this as a positive operational milestone that strengthens the company's manufacturing capabilities and potential for margin improvement. Monitor the company's upcoming quarterly results for signs of reduced input costs due to this backward integration.
Genus Power Q3 FY26 PAT Jumps 117% YoY to ₹148 Cr; Order Book Stands at ₹27,000 Cr
Genus Power reported a robust Q3 FY26 with revenue growing 86% YoY to ₹1,122 crores and PAT increasing 117% to ₹148 crores. The company's order book remains strong at ₹27,000 crores, providing multi-year execution visibility across its AMISP portfolio. Management expects to commission 80-90 lakh smart meters in FY26, supported by an expanded manufacturing capacity of 18 million meters annually. With 16 projects achieving Operational Go-Live status, the company is well-positioned for recurring O&M revenue and improved cash flows.
Key Highlights
Q3 FY26 revenue surged 86% YoY to ₹1,122 crores, while EBITDA margins expanded to 20.7%.
Total order book as of December 31, 2025, stands at ₹27,000 crores, covering 2.75 crore smart meters.
Management targets commissioning 80-90 lakh smart meters in FY26, up from 58 lakh in 9M FY26.
16 AMISP projects have achieved Operational Go-Live (OGL), enabling invoicing and recurring O&M revenue.
Tendering pipeline remains strong with approximately 50 million meters currently in the bidding or finalization stage.
💼 Action for Investors
Investors should monitor the execution pace in Q4 FY26 as the company scales up installations to meet its annual targets. The strong order book and transition to OGL status for multiple projects provide high revenue visibility and margin stability.
Genus Power to Acquire 100% Stake in Two Smart Metering SPVs for Rs 2 Lakh
Genus Power Infrastructures is acquiring a 100% equity stake in two of its step-down subsidiaries, Himachal Pradesh C Zone Smart Metering and Genus Assam Package-3 SPV. The acquisition is being made from its own wholly-owned subsidiary, Genus Power Solutions Private Limited, for a nominal cash consideration of Rs. 1 lakh per entity. This internal restructuring will transition these Special Purpose Vehicles (SPVs) into direct wholly-owned subsidiaries of the parent company. The move is strategically designed to streamline the execution of Advanced Metering Infrastructure Service Provider (AMISP) contracts.
Key Highlights
Acquisition of 100% equity stake in two SPVs: HP C ZONE and GAP-3 SPV.
Total cash consideration for both acquisitions is Rs. 2,00,000 (Rs. 1 lakh each).
Entities will transition from step-down subsidiaries to direct wholly-owned subsidiaries.
Strategic objective is to facilitate the execution of AMISP (Smart Metering) contracts in Himachal Pradesh and Assam.
The transaction is expected to be completed within a period of 30 days.
💼 Action for Investors
This is a routine internal corporate restructuring and does not change the consolidated financials of the company. Investors should continue to monitor the company's progress in executing its large order book of smart metering projects.
Genus Power Q3FY26 PAT Surges 117% YoY to ₹147.6 Cr; Order Book at ₹27,217 Cr
Genus Power reported a robust Q3FY26 with revenue growing 85.8% YoY to ₹1,122.4 crore, driven by the aggressive execution of smart metering orders. Net profit from continuing operations more than doubled to ₹147.6 crore, while EBITDA margins expanded to 20.7% due to operating leverage. The company maintains a massive order book of ₹27,217 crore, providing high revenue visibility for the next 8-10 years. Management expects to commission 80-90 lakh smart meters in FY26, with execution expected to accelerate further in Q4.
Key Highlights
Q3FY26 Revenue rose 85.8% YoY to ₹1,122.4 crore; 9MFY26 Revenue grew 113.5% to ₹3,213.8 crore.
EBITDA for Q3FY26 stood at ₹232.2 crore, up 98.8% YoY, with margins expanding 136 bps to 20.7%.
Total order book remains strong at ₹27,217 crore (net of taxes) as of December 31, 2025.
16 AMISP projects covering 2.50 crore smart meters have achieved 'Operational Go-Live' status, enabling billing commencement.
Manufacturing capacity scaled to 18 million meters annually across Jaipur, Haridwar, and Guwahati plants.
💼 Action for Investors
Investors should monitor the company's ability to maintain its 20%+ EBITDA margins as execution scales up. The massive order book and transition to 'Operational Go-Live' for multiple projects provide a strong foundation for long-term growth and cash flow visibility.
Genus Power Q3 Profit Jumps to ₹298 Cr; Executable Order Book Reaches ₹27,217 Cr
Genus Power reported a stellar performance for Q3 FY26, with standalone net profit from continuing operations surging to ₹298.18 crore compared to ₹68.21 crore in the previous year. Revenue from operations nearly doubled to ₹1,122.36 crore, driven by strong execution in the metering segment. The company's total executable order book stands at a massive ₹27,217 crore, providing multi-year revenue visibility. Additionally, the board elevated CFO Nathu Lal Nama to Executive Director and approved the full acquisition of Newlectric Innovation for ₹25.23 crore.
Key Highlights
Standalone Revenue from operations grew 85.7% YoY to ₹1,122.36 crore in Q3 FY26.
Net profit from continuing operations increased more than four-fold to ₹298.18 crore YoY.
Total executable order book reached ₹27,217 crore, with ₹25,053 crore coming from the GIC joint venture platform.
CFO Nathu Lal Nama appointed as Executive Director for a 2-year term starting February 9, 2026.
Acquisition of remaining 86.49% stake in Newlectric Innovation Private Limited for ₹25.23 crore to make it a 100% subsidiary.
💼 Action for Investors
The massive order book, which is over 20 times the current quarterly run rate, suggests a very strong growth trajectory. Investors should remain positive on the stock as it remains a primary beneficiary of India's smart meter rollout.
Genus Power Q3 Net Profit Surges 121% to ₹68.2 Cr; Order Book at ₹27,217 Cr
Genus Power reported a strong Q3 FY26 with standalone revenue rising 85.7% YoY to ₹1,122.36 crores. Net profit for the quarter more than doubled to ₹68.21 crores, up from ₹30.85 crores in the previous year. The company's executable order book remains massive at ₹27,217 crores, ensuring long-term revenue visibility. Management also announced the elevation of CFO Nathu Lal Nama to the board and the acquisition of Newlectric Innovation Private Limited for ₹25.23 crores.
Key Highlights
Q3 Standalone Revenue grew 85.7% YoY to ₹1,122.36 crores.
Net Profit for Q3 FY26 increased by 121% YoY to ₹68.21 crores.
Total executable order book stands at a robust ₹27,217 crores as of Dec 31, 2025.
CFO Nathu Lal Nama appointed as Whole Time Director for a two-year term.
Acquisition of 86.49% stake in Newlectric Innovation for ₹25.23 crores finalized post-quarter.
💼 Action for Investors
The significant jump in profitability and the massive order book signal strong growth momentum in the smart metering space. Investors should monitor the execution pace of the RDSS projects which form the bulk of the current order book.
Genus Power Q3 Net Profit Doubles to ₹68 Cr; Order Book Hits Record ₹27,217 Cr
Genus Power reported a robust performance for Q3 FY26, with standalone revenue growing 85.7% YoY to ₹1,122.36 crore. Net profit from continuing operations more than doubled to ₹68.21 crore compared to ₹30.85 crore in the same quarter last year. The company's executable order book stands at a massive ₹27,217 crore, providing exceptionally strong long-term revenue visibility. Additionally, the company announced the acquisition of a majority stake in Newlectric Innovation Private Limited for ₹25.23 crore to further its expansion.
Key Highlights
Standalone revenue from operations surged 85.7% YoY to ₹1,122.36 crore in Q3 FY26.
Net profit from continuing operations jumped 121% YoY to ₹68.21 crore.
Total executable order book reached ₹27,217 crore, including ₹25,053 crore from the Gemstar JV.
CFO Nathu Lal Nama appointed as Whole Time Director for a two-year term.
Acquisition of 86.49% stake in Newlectric Innovation Private Limited for ₹25.23 crore finalized in Jan 2026.
💼 Action for Investors
The massive order book, which is over 8x the current annualized revenue, suggests multi-year growth visibility. Investors should monitor execution pace as the company scales up to meet its RDSS project commitments.
Genus Power Q3 Net Profit Surges to ₹298 Cr; Order Book Hits ₹27,217 Cr
Genus Power Infrastructures reported a standalone net profit of ₹298.18 crore for Q3 FY26, a substantial increase from ₹68.21 crore in the preceding quarter. The company's total income for the quarter stood at ₹1,136.37 crore, reflecting strong operational performance in its core metering business. A critical highlight is the massive executable order book of ₹27,217 crore, which ensures high revenue visibility for the coming years. Furthermore, the company announced the acquisition of the remaining 86.49% stake in Newlectric Innovation for ₹25.23 crore to consolidate its technology holdings.
Key Highlights
Standalone Net Profit rose to ₹298.18 crore in Q3 FY26 from ₹148.16 crore in Q3 FY25.
Total executable order book reached ₹27,217 crore, including ₹25,053 crore from AMISP projects via joint ventures.
Revenue from operations for the quarter ended December 2025 stood at ₹1,122.36 crore.
Acquisition of 86.49% stake in Newlectric Innovation Private Limited for ₹25.23 crore to make it a 100% subsidiary.
CFO Nathu Lal Nama appointed as Whole Time Director for two years effective February 9, 2026.
💼 Action for Investors
The stock remains a strong play on India's smart metering rollout given the massive ₹27,000+ crore order book. Investors should focus on the company's execution capabilities and margin sustainability as these large-scale projects move into the implementation phase.
Genus Power Sets Feb 6 Record Date for Demerger; 1:6 Share Swap Ratio Fixed
Genus Power Infrastructures has announced February 06, 2026, as the record date for the demerger of its Strategic Investment Business into Genus Prime Infra Limited. Eligible shareholders will receive 1 equity share of Genus Prime (Face Value Rs. 2) for every 6 equity shares held in Genus Power (Face Value Re. 1). This corporate action follows the Registrar of Companies' approval received on January 05, 2026. The demerged entity's shares will eventually be listed on the BSE to provide liquidity to shareholders.
Key Highlights
Record date for demerger entitlement fixed for February 06, 2026
Share swap ratio set at 1:6 (1 new share for every 6 existing shares)
Strategic Investment Business being spun off into Genus Prime Infra Limited
Fractional entitlements will be rounded up to the next integer for shareholder benefit
Resulting company shares to be listed on BSE post-allotment
💼 Action for Investors
Shareholders must hold the stock before the ex-date to qualify for the demerger benefits. Long-term investors should evaluate the value of the core power business versus the investment business post-split.
Genus Power to Acquire 86.49% Stake in Newlectric Innovation for Rs 25.23 Crore
Genus Power Infrastructures has entered into a Share Purchase Agreement to acquire an additional 86.49% stake in Newlectric Innovation Private Limited (NIPL) for Rs 25.23 crore. NIPL, which manufactures smart electricity meters, will become a wholly-owned subsidiary of Genus Power upon completion. The acquisition is intended to consolidate operations and scale up production capacity to meet the company's growing order book. However, NIPL has shown a significant decline in turnover from Rs 64.24 crore in FY23 to Rs 10.92 crore in FY25, which warrants investor attention.
Key Highlights
Acquisition of 34,36,717 equity shares (86.49%) for a total cash consideration of Rs 25.23 crore.
NIPL will transition from a 13.51% associate holding to a 100% wholly-owned subsidiary.
Target company NIPL is involved in smart meter manufacturing, aligning with Genus Power's core business.
NIPL's turnover has decreased sharply over the last three years: Rs 64.24 Cr (FY23), Rs 43.27 Cr (FY24), and Rs 10.92 Cr (FY25).
The transaction is a related party transaction conducted at arm's length and is expected to close within 30 days.
💼 Action for Investors
Investors should watch for how Genus Power utilizes NIPL's manufacturing capacity to service its massive order book, given NIPL's recent revenue decline. The consolidation is strategically sound for the smart metering segment, but operational turnaround of the target is key.