Rs 31,302 Crore Order Book: Smart Prepaid Meters Manufacturer Reports a Turnaround Net Profit with Stellar Revenue Growth in Q3FY25
The stock is up by 56 per cent from its 52-week low; giving multibagger returns of 970 per cent in 5 years.
Genus Power Infrastructures Ltd, a Smart Metering solutions provider & manufacturer for the Power Distribution Industry and a leading AMISP player, announced its unaudited financial results for the quarter and nine months ended December 31, 2024.
According to consolidated Quarterly Results, the net sales increased by 133 per cent to Rs 604.20 crore in Q3FY25 compared to Q3FY24. The company reported a turnaround net profit of Rs 56.66 crore in Q3FY25 compared to a net loss of Rs 9.92 crore in Q3FY24, an increase of 671 per cent. Looking at its nine-month results, the net sales increased by 93 per cent to Rs 1,505.24 crore and net profit increased by 202 per cent to Rs 188.07 crore in 9MFY25 over 9MFY24. In its consolidated annual results, the net sales increased by 49 per cent to Rs 1,200.58 crore and net profit increased by 241 per cent to Rs 101.04 crore in FY24 over FY23.
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Genus Power Infrastructures Ltd. started in 1995, is amongst the largest players in India’s electricity metering solutions industry, with a 27 per cent market share. The company is the market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D centre. The company also has an engineering, construction and contracts (ECC) division which complements the existing meters business. The company has manufacturing plants across Jaipur, Haridwar and Guwahati with a total installed capacity of over 10 million meters. The company’s key customers include the major State electricity boards (SEBs) and private utilities.
The company has a market cap of Rs 8,784 crore and has been maintaining a healthy dividend payout of 31.2 per cent with its order book standing at Rs 31,302 crore as of December 31, 2024. The stock’s 52-week high is Rs 485.85 per share while its 52-week low is Rs 204.60. The stock is up by 56 per cent from its 52-week low; giving multibagger returns of 970 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.