Mumbai: Smart meter solutions major Genus Power Infrastructures Ltd. has reported a 162% year-on-year jump in consolidated net profit to ₹148.2 crore for the quarter ended September 2025, mostly driven by a strong order book and improved operational efficiencies.
Revenue from operations grew 136% YoY to ₹1,149 crore, supported by one of the largest order books in the industry, providing strong revenue visibility for the next several quarters.
The improved performance can also be attributed to the company’s enhanced capacity utilization and improved margins, with the company looking to tap the nationwide smart meter rollout under the government’s Revamped Distribution Sector Scheme (RDSS).
Commenting on the report, Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures said,
“Q2FY26 was another strong quarter for Genus Power, reflecting consistent execution and healthy growth across our smart metering programs. Revenue for the quarter stood at ₹ 1,149 crore, marking a sharp year-on-year increase, driven by the scale-up of AMISP projects and the smooth transition of several large contracts into the operational phase. Profitability remained robust with EBITDA margin at 21.3%, supported by operating leverage and cost efficiencies. PAT also saw a significant surge over last year, underscoring the strength of our business model and disciplined execution approach. The performance in the first half of the year has been encouraging and demonstrates our ability to combine scale with profitability as we continue to expand our presence across key smart metering markets.
Our manufacturing and on-ground capabilities are fully aligned with the expanding rollout. With an annual smart meter capacity of around 1.8 crore units and healthy utilisation levels, we are well-positioned to meet the growing demand. Installation momentum continues to strengthen, and we remain on track to achieve our targeted rollout of meters in FY26. Our consolidated order book of more than 28,750 crore provides strong multi-year visibility, with a balanced revenue mix between EPC and long-term O&M contracts that will help create a stable annuity stream.
The industry backdrop remains favourable, supported by strong policy continuity and sustained implementation under the RDSS program. Genus continues to maintain a leadership position with a sizeable share of the overall smart metering opportunity. As more projects move into the operational phase, working capital efficiency and cash conversion are expected to improve steadily. With execution progressing well and the first half tracking ahead of plan, we are confident of delivering a strong FY26 while continuing to build on our position as a trusted, technology-driven partner in India’s smart metering transformation. Our focus remains on timely execution, efficient project monetisation, and building a scalable, technology-led platform to capture the next phase of India’s smart metering growth story.”
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