Genus Power Infra Q1 Review - Underwhelming, But Fortunes May Turn In H2 FY23: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Genus Power Infrastructures Ltd. continued to operate at low capacity utilisation on semiconductor and other electronic component shortages during Q1 FY23, which resulted in lower revenue and margin due to lack of operating leverage. In Q1 FY23, Genus Power Infras' revenue at Rs 1.9 billion was up 3.3% QoQ and 43.5% YoY, while Ebitda margin was lower QoQ at 7.7%. Profit after tax at Rs 7 million declined 94% QoQ. We believe while H1 FY23 will be underwhelming, the tide may turn over the next few months in terms of both order execution and margins, mainly due to-improvement in semiconductor availability which will help improve capacity utilisation substantially,execution of better margin orders andsubstantial increase in order awarding..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Genus Power Infra Q1 Review - Underwhelming, But Fortunes May Turn In H2 FY23: ICICI Securities

Genus Power Infra Q1 Review - Underwhelming, But Fortunes May Turn In H2 FY23: ICICI Securities

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