Genus Power Reports Full Utilization of Rs 519 Crore Preferential Issue Proceeds, Q2 Profit Surges 162%
Genus Power Infrastructures Limited has fully utilized its Rs 519 crore preferential issue proceeds, investing Rs 350 crore in AMISP projects, Rs 150 crore in smart meter manufacturing expansion and working capital, and Rs 19 crore for general corporate purposes. The company's Q2 net profit jumped 162% year-on-year to Rs 14,815.36 lakhs. Genus Power's total executable order book stands at Rs 28,758 crores, with Rs 26,473 crores to be executed through its joint venture with Gemstar Infra Pte. Ltd.

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Genus Power Infrastructures Limited , a leading player in the power infrastructure sector, has reported complete utilization of its Rs 519 crore preferential issue proceeds and a significant increase in quarterly profits. The company's strategic investments and financial performance highlight its strong position in the smart metering market.
Preferential Issue Proceeds Fully Deployed
Genus Power has announced the full utilization of Rs 519 crore raised through a preferential issue of share warrants during August-September 2023. The funds were allocated across three key areas:
| Objective | Amount (Rs Crore) |
|---|---|
| Investment in related parties for AMISP projects | 350.00 |
| Smart meter manufacturing expansion and working capital | 150.00 |
| General corporate purposes | 19.00 |
India Ratings Research Private Limited, acting as the monitoring agency, confirmed no deviation from the stated objectives in their quarterly report.
Significant Investment in AMISP Projects
During the quarter, Genus Power invested Rs 142.52 crore in related party loans for Advanced Metering Infrastructure Service Provider (AMISP) projects. These investments were distributed among various subsidiaries, including:
- Genus Assam Package-4 SPV Limited
- Maharashtra Akola Amaravati Smart Metering Private Limited
This strategic deployment of funds underscores the company's commitment to expanding its smart metering infrastructure across different regions.
Q2 Financial Performance Highlights
Genus Power's financial results for the quarter reveal a robust performance:
- Revenue from operations: Rs 1,14,900.13 lakhs
- Profit before tax: Rs 20,244.16 lakhs
- Net profit: Rs 14,815.36 lakhs
Notably, the company's net profit for the quarter showed a remarkable year-on-year growth of 162%, rising from Rs 5,645.21 lakhs in Q2 of the previous year to Rs 14,815.36 lakhs this quarter.
Half-Year Performance
For the half-year, Genus Power reported:
- Revenue from operations: Rs 2,09,142.40 lakhs
- Profit before tax: Rs 37,600.22 lakhs
- Net profit: Rs 27,664.18 lakhs
The half-yearly results demonstrate a consistent upward trajectory in the company's financial performance.
Order Book Position
Genus Power's total executable order book stands at Rs 28,758 crores (excluding taxes). This includes Rs 26,473 crores in orders to be executed through its joint venture with Gemstar Infra Pte. Ltd., highlighting the company's strong market position and future growth potential in the smart metering sector.
Outlook
With the full utilization of its preferential issue proceeds and a robust order book, Genus Power Infrastructures Limited appears well-positioned to capitalize on the growing demand for smart metering solutions in India. The company's strategic investments in AMISP projects and manufacturing expansion may drive its growth in the coming quarters.
Investors and stakeholders will be keen to observe how these investments translate into sustained financial performance and market share expansion in the evolving power infrastructure landscape.
Historical Stock Returns for Genus Power Infrastructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.28% | +7.56% | +14.78% | +24.76% | -17.13% | +1,250.29% |











































