Genus Power Shares Hit Nearly Six-Month High As Q4 Profit More Than Doubles

Shares of Genus Power Infrastructure Ltd. hit a nearly six-month high as the company's fourth quarter profit more than doubled.

The electricity metering solutions firm's profit rose to Rs 123 crore in comparison to Rs 24.3 crore reported in the same quarter the previous financial year.

Revenue also nearly doubled to Rs 937 crore in comparison to Rs 420 crore posted in the quarter ended March of financial year 2024. This was driven by accelerated execution across ongoing smart metering projects.

While operational profitability rose to Rs 196 crore in comparison to Rs 51.2 crore reported in the same quarter of financial year 2024, margins expanded to 21%.

The company's total order book as of March 31, 2025 stood at Rs 30,110 crore, it said in a press release. "This performance was led by continued ramp-up in project execution and enhanced offtake of smart meters," said Jitendra Kumar Agarwal, joint managing director at Genus Power Infrastructure.

"We continue to maintain a healthy balance sheet, with net debt well-contained and future JV-related investments largely funded through internal accruals. Our execution pipeline remains strong, and despite temporary moderation in fresh tendering activity, our current order book offers multi-year revenue visibility," added Agarwal.

Shares of Genus Power rose 8.75% to Rs 430 apiece on the NSE on Monday, the highest since Dec. 12. They pared gains to trade 7.90% higher at Rs 426.65, compared to a 0.64% decline in the benchmark Nifty 50.

The stock has risen by 34.82% in the last 12 months and 10.20% year-to-date. Total traded volume so far in the day stood at 1.98 times its 30-day average. The relative strength index was at 65.30.