Genus Power Infrastructures , a key player in the power infrastructure sector, has expressed confidence in exceeding its FY26 EBITDA margin guidance of 18-19%, buoyed by a strong order book. The company's Joint Managing Director, Jitendra Kumar Agarwal, shared optimistic projections for the firm's financial performance and growth trajectory.

Revenue Projections and Order Book

Agarwal revealed that Genus Power Infrastructures is poised to surpass its revenue guidance of Rs 4,000.00 crore for the current financial year. The company anticipates an impressive year-on-year revenue growth of 30-40% over the next three years, underlining its strong market position and growth potential.

The robust outlook is supported by Genus Power Infrastructures' substantial order book, which currently stands at approximately Rs 29,000.00 crore. This order book comprises:

• Rs 2,000.00 crore from direct supply orders
• Rs 27,000.00 crore from the Advanced Metering Infrastructure Service Provider (AMISP) business

AMISP Business Breakdown

Within the AMISP segment, which forms a significant portion of the order book, the revenue structure is as follows:

• 80% of revenue flows back under Engineering, Procurement, and Construction (EPC)
• Of this EPC component:
  • 55-60% is allocated for meter supply and installation, to be executed within 2-3 years
  • 40% is designated for Operations and Maintenance, spread over 7-8 years

Addressing Working Capital Concerns

Agarwal addressed concerns about high working capital, explaining that it's a temporary situation due to the company's business model. To manage this, Genus Power Infrastructures has created a funding platform called Gemstar in collaboration with Singapore's GIC.

The Joint MD expressed confidence that the company will achieve positive cash flow by the end of the financial year as projects attain operational efficiency.

Market Performance

Despite the positive outlook shared by the management, Genus Power Infrastructures' shares closed flat at Rs 324.70 on the day of the announcement.

Conclusion

Genus Power Infrastructures' ambitious targets and strong order book position it for potential significant growth in the coming years. The company's confidence in exceeding its EBITDA margin guidance and revenue projections reflects its positive outlook on market demand and its ability to execute large-scale projects efficiently. However, investors will be keenly watching how the company manages its working capital and achieves its projected operational efficiencies to deliver on these promises.

Genus Power Infrastructures Limited , a leading player in the smart metering solutions sector, has strongly refuted recent market speculations regarding the termination of its Rajasthan projects and alleged blacklisting in Goa. The company has issued a detailed press release to address these rumors and provide clarity on its current operations.

Rajasthan Projects: On Track and Progressing

Contrary to circulating rumors, Genus Power has categorically denied any termination of contracts or imposition of liquidated damages in its Rajasthan projects. The company stated that these projects are "under execution in full swing." Acknowledging the industry-wide delays in smart metering projects across India, Genus Power highlighted that the Ministry of Power has extended the sunset date of the Revamped Distribution Sector Scheme (RDSS) by two years, from March 31, 2026, to March 31, 2028.

The company expressed confidence in its ability to deliver market-leading smart metering solutions to Rajasthan and appreciated the continued trust and support from the Rajasthan government and DISCOM officials.

Goa Blacklisting: Legal Victory and Clarification

Addressing the rumors of blacklisting in Goa, Genus Power clarified that it was never technically blacklisted by the Goa Electricity Department (GED). The company explained that an internal memo from GED, which had initially barred Genus Power and HPL Electric & Power Ltd from participating in a tender, was promptly challenged in the Goa High Court. The court quashed the memo in the first hearing on September 24, 2024, leading to its withdrawal from the GED website on October 3, 2024.

Strong Domestic Focus and Order Book

In response to concerns about potential impacts from U.S. tariffs, Genus Power emphasized its "Made in India" product line. The company stated that it currently has no order book with the USA and maintains a "very large domestic order book." Furthermore, Genus Power assured stakeholders that its supply chains for imported components are well-diversified, mitigating any material impact from U.S. tariffs on its business operations.

Progress in Smart Metering Initiatives

Despite acknowledging slower-than-expected operational go-live timelines for projects across the country, Genus Power reported significant progress in several states. The company has achieved Operational Go-Live Certificates from utilities in Assam, Maharashtra, Bihar, Chhattisgarh, and Uttar Pradesh. These projects collectively cover close to 2 crore (20 million) meters, underscoring the company's substantial footprint in India's smart metering landscape.

Genus Power's clarification comes at a crucial time, reaffirming its position in the smart metering market and its commitment to delivering high-quality solutions across India. As the nation continues its push towards modernizing its power infrastructure, companies like Genus Power play a pivotal role in realizing the vision of a more efficient and technologically advanced power distribution system.