Genus Power Infrastructures (530343) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue was ₹244,201.26 lakhs and net profit ₹31,138.18 lakhs; executable order book was ₹30,110 crore, excluding taxes.

• FY25 was described as a landmark year, with record growth driven by India’s smart-meter rollout, expanded execution and operating efficiency.

• NCLT sanctioned the Strategic Investment Division demerger on April 24, 2025; the division was classified as discontinued operations at FY25 year-end.

Financial highlights

• FY25 standalone revenue was ₹244,201.26 lakhs versus ₹120,058.25 lakhs in FY24; net profit was ₹29,818.00 lakhs versus ₹7,517.18 lakhs.

• FY25 standalone EBITDA rose 247% to INR 470 crore and PAT grew nearly 4x to INR 298 crore; EBITDA margin increased 797 bps to 19.2%.

• Q4 FY25 standalone revenue was INR 937 crore, up 123% YoY; EBITDA rose 276% to INR 208 crore and PAT was INR 129 crore, over 4x YoY.

• Q4 EBITDA margin expanded 905 bps YoY to 22.3%, supported by operating leverage, cost control and product mix.

• Q4 FY25 consolidated revenue was ₹93,677.29 lakhs and net profit ₹12,331.15 lakhs, versus ₹42,011.75 lakhs and ₹2,434.74 lakhs in Q4 FY24.

Outlook and guidance

• FY26 revenue target is INR 4,000 crore, implying nearly 60% YoY growth, with EBITDA margin guidance of 18%; management described the margin outlook as conservative.

• FY26 installation target is 7–8 million meters; peak execution on the current order book may occur in 2027 or 2028, depending on new awards.

• Management expects FY27 revenue to exceed FY26 and plans to provide guidance after the Q2 FY26 call; peak execution visibility depends on tender awards.

• Debtor days are expected to improve gradually, potentially by 20–30 days; inventory is expected to remain broadly stable.

• FY26 CapEx was indicated at FY25’s INR 150 crore level or slightly lower, for capacity, automation and software development.