Genus Power Infrastructures (530343) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 consolidated revenue was INR 1,122.36 crore; 9M revenue was INR 3,213.79 crore, supported by AMISP execution under RDSS.

• Q3 FY26 consolidated net profit was INR 140.24 crore; 9M consolidated net profit was INR 420.54 crore.

• Executable order book at Dec. 31, 2025 was INR 27,217 crore, excluding taxes, with INR 25,053 crore tied to AMISP projects under the Gemstar Infra JV.

Financial highlights

• Consolidated Q3 revenue from operations rose from INR 604.20 crore to INR 1,122.36 crore YoY; profit before tax rose from INR 71.69 crore to INR 171.05 crore.

• Consolidated Q3 net profit was INR 140.24 crore versus INR 56.66 crore YoY; continuing-operations basic EPS was INR 5.07 versus INR 2.03.

• Consolidated 9M revenue was INR 3,213.79 crore versus INR 1,505.24 crore; net profit was INR 420.54 crore versus INR 188.07 crore.

• Standalone Q3 net profit was INR 147.62 crore and 9M net profit was INR 424.27 crore; 9M EBITDA was INR 676 crore, with a 21.3% margin.

Outlook and guidance

• FY26 installation target is 90 lakh meters; management expects Q4 rollout to accelerate with seasonally favorable conditions and more OGL-enabled projects.

• FY27 guidance remains INR 6,000 crore revenue and at least 1 crore smart-meter installations.

• FY26 revenue expectation was INR 4,500 crore; management cited steady growth of 10% for the following couple of years.

• Cash-flow positivity is expected by FY27-end, with five years of growth visibility from the existing business.