Genus Power Infrastructures Limited has received a vote of confidence from CRISIL Ratings, which has reaffirmed the company's credit ratings while significantly increasing its rated bank loan facilities.

Credit Ratings Reaffirmed

CRISIL Ratings has maintained its 'CRISIL AA-/Stable' long-term rating and 'CRISIL A1+' short-term rating for Genus Power Infrastructures. These ratings indicate a very strong degree of safety regarding timely payment of financial obligations and carry the lowest credit risk.

Enhanced Bank Loan Facilities

The rating agency has increased the total bank loan facilities rated for Genus Power Infrastructures from Rs. 3,861.66 crore to Rs. 4,927.00 crore, marking a substantial enhancement of Rs. 1,065.34 crore. This increase in rated facilities may suggest an expansion in the company's operational capabilities or ongoing projects.

Commercial Paper Programme

CRISIL has also reaffirmed its 'CRISIL A1+' rating on Genus Power Infrastructures' Rs. 100.00 crore commercial paper programme. This rating denotes a very strong degree of safety regarding timely payment of financial obligations.

Breakdown of Rated Facilities

The enhanced bank loan facilities of Rs. 4,927.00 crore are distributed across various banks and facility types:

Implications and Outlook

The reaffirmation of ratings and enhancement of bank loan facilities by CRISIL may indicate:

1. Continued financial stability and strong credit profile of Genus Power Infrastructures.
2. Potential for business expansion or increased operational activities.
3. Confidence from the rating agency in the company's ability to manage larger credit facilities.

Investors and stakeholders may view this development positively, as it suggests that Genus Power Infrastructures maintains a robust financial position and may have the capacity for growth or new projects.

Upcoming Investor Interaction

In a related development, Genus Power Infrastructures has announced a scheduled group meeting with investors and analysts on Tuesday, November 25, 2025, at 11:00 am. The virtual meeting will be based on publicly available information, with no unpublished price-sensitive information to be discussed.

As the power infrastructure sector continues to evolve, Genus Power Infrastructures' enhanced credit facilities and stable ratings may position the company to capitalize on emerging opportunities in the market.

Genus Power Infrastructures Limited , a leading player in the smart metering sector, has reported a remarkable financial performance for the second quarter of fiscal year 2026, with standalone revenue surging 136% to Rs 1,149.00 crores. The company's EBITDA more than tripled to Rs 244.00 crores, driven by significant progress in smart metering projects transitioning to operational phases.

Strong Financial Performance

The company's Q2 FY26 results showcase impressive growth:

For the first half of FY26, Genus Power reported:

• Revenue: Rs 2,091.00 crores (up 132% YoY)
• EBITDA: Rs 444.00 crores (>3x growth)
• EBITDA Margin: 21.20%
• PAT: Rs 277.00 crores (up 185% YoY)

Revised Guidance and Market Outlook

Buoyed by the strong performance, Genus Power has revised its FY26 revenue guidance upward from Rs 4,000.00 crores to Rs 4,500.00 crores, with an EBITDA margin of 20%. The company also provided guidance for FY27, projecting revenue between Rs 5,500.00-6,000.00 crores with a sustained EBITDA margin of 20%.

The company's Vice Chairman, Kailash Agarwal, highlighted the robust market opportunity in the smart metering sector. He noted that out of the total 25 crore meters envisaged under the RDSS scheme, 15 crore smart meters have already been awarded, with the remaining 10 crore expected to be tendered in the next 12-18 months.

Operational Highlights

• Manufacturing Capacity: In H1 FY26, Genus Power manufactured around 90 lakh meters, with a current production rate of approximately 50,000 meters per day.
• Installation Target: The company aims to install over 80 lakh meters in FY26, with 36 lakh meters already installed in H1.
• Order Book: As of September 30, 2025, Genus Power's total order book stood at Rs 28,758.00 crores (net of taxes) for about 3.6 crore meters.
• Operational Go-Live (OGL): Out of 24 AMISP projects being implemented, 13 projects totaling 2.10 crore meters have received OGL certificates.

Future Outlook

Genus Power is well-positioned to capitalize on the growing smart meter market in India. The company is also exploring opportunities in export markets and diversifying into gas and water metering solutions. With a strong order book and improving operational efficiencies, Genus Power is poised for sustained growth in the coming years.

Jitendra Agarwal, Joint Managing Director, expressed confidence in the company's future, stating, "We are very well placed in taking care of whatever the requirement of Make In India or Made In India comes in future."

As the smart metering sector continues to expand under government initiatives, Genus Power Infrastructures Limited appears set to maintain its strong market position and drive further growth in the coming years.