Upper circuit alert: This multibagger electrical equipment company bags order worth Rs 2,209.84 crore, reports an 87 per cent jump in net profit!

Shares of the company have gained about 140 per cent in the last six months.

Shares of Genus Power Infrastructures Limited were locked in the upper circuit on Friday, gaining 10.00 per cent. The stock also made a fresh 52-week high of Rs 208.55. In the last six months, the stock has gained about 140 per cent.

The company posted strong Quarterly Results. The revenue of the company stood at Rs 261.1 crore which grew by 39.6 per cent YoY. The operating profit of the company stood at Rs 47.50 crore, while the PAT of the company stood at Rs 23.02 crore, representing an impressive growth of 87.15 per cent YoY. The company has an order book of Rs 8,200 crore.

The company also won an order worth Rs 2,209.84 crore for the appointment of an Advanced Metering Infrastructure Service Provider (AMISP) including the design of AMI system with supply, installation, and commissioning of 21.77 Lakhs Smart Prepaid Meters, on DBFOOT (Design, Build, Finance, Own, Operate, Transfer) basis under Revamped Distribution Sector Scheme (RDSS). The order is won by the company’s subsidiary.

Genus Power Infrastructures Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 75.25 on August 12, 2022, to Rs 209.00 on August 11, 2023, an increase of about 170 per cent in one year holding period.

Genus Power Infrastructures Limited is amongst the largest players in India’s electricity metering solutions industry, with a 27 per cent market share.

Disclaimer: The article is for informational purposes only and not investment advice.