Genus Power Infrastructures Ltd reported strong financial growth for the quarter and financial year ended March 31, 2026, driven by accelerated execution of smart metering projects under India’s power distribution modernization initiatives.
For Q4 FY26, the company reported revenue of ₹1,523.7 crore, registering a 62.7% year-on-year increase compared to ₹936.8 crore in the corresponding quarter of FY25. The growth was primarily supported by strong execution momentum in the Advanced Metering Infrastructure Service Provider (AMISP) business, improved project implementation across state utilities, and healthy order book conversion.
EBITDA for the quarter rose 36.2% year-on-year to ₹284 crore, while Profit After Tax (PAT) from continuing operations increased 41% to ₹180.7 crore. The company reported an EBITDA margin of 18.6% and PAT margin of 11.9% during the quarter.
For the full financial year FY26, Genus Power Infrastructures Ltd posted revenue of ₹4,737.5 crore, reflecting a 94% year-on-year growth compared to ₹2,442 crore in FY25. EBITDA more than doubled to ₹960.2 crore, while PAT surged 106.5% year-on-year to ₹605 crore.
The company stated that its order book stood at approximately ₹25,173 crore as of March 31, 2026, providing strong long-term revenue visibility.
According to the company, gross profit margins moderated during the quarter due to changes in product mix, with a larger contribution from project businesses involving higher raw material consumption for hardware, software, and communication infrastructure. Exchange rate fluctuations impacting imported raw materials also affected margins.
During FY26, the company crossed the milestone of installing more than one crore smart meters under the Revamped Distribution Sector Scheme (RDSS), reinforcing its position in India’s smart metering market. The company currently has an annual manufacturing capacity exceeding 18 million meters.
Commenting on the performance, Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd, said the company witnessed accelerated execution across multiple smart metering projects and operational go-live milestones during the year. He added that India’s smart metering opportunity remains substantial, with only around 15.6 crore meters tendered so far against an estimated requirement of over 31–32 crore smart meters nationwide.
The company also highlighted expansion plans in adjacent sectors such as smart gas meters, smart water meters, and export markets. According to the company, India’s gas metering segment alone could create demand for nearly 12 crore gas meters over the next six to seven years.
Separately, the company announced progress on the demerger of its Strategic Investment Business into Genus Prime Infra Limited. The scheme was approved by the National Company Law Tribunal (NCLT), Allahabad Bench, in April 2025. Eligible shareholders of Genus Power received one equity share of Genus Prime Infra for every six shares held in the company as of the February 6, 2026 record date.
Looking ahead, the company expects FY27 revenue to reach between ₹6,000 crore and ₹6,500 crore, supported by increasing rollout intensity across existing projects and continued execution of its large order book.
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