Rs 21,000 crore order book: Turnaround story in this multibagger smart prepaid meters manufacturing stock; PAT zooms over 350 per cent!
The stock gave multibagger returns of 245 per cent in just 1 year; 490 per cent in 3 years and a whopping 1,500 per cent in a decade.
Genus Power Infrastructures Ltd, a Smart Metering solutions provider & manufacturer for the Power Distribution Industry, announced its audited financial results for the quarter and year ended March 31, 2024. Here are the details:
According to Quarterly Results, the net sales increased by 108 per cent to Rs 420.12 crore in Q4FY24 compared to Rs 202.32 crore in Q4FY23. The company reported a turnaround net profit of Rs 29.42 crore in Q4FY24 compared to a net loss of Rs 11.41 crore in Q4FY23, an increase of 357 per cent. In its 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.
The company’s total order book including all SPVs and GIC Platform now stands in excess of Rs 21,000 Crore (net of taxes) and these concessions are for 8-10 years.
Genus Power Infrastructures Ltd. is a leading player in India's electricity metering solutions industry, with a market share of 27 per cent. The company is a market leader in various kinds of meters, including smart metering solutions. Genus also has an ECC division that complements its meters business. The company has a market cap of over Rs 9,500 crore.
Also Read: Vijay Kedia gains Rs 12,06,05,760 from this multibagger engineering stock in just 1 day as the company reports a 197 per cent jump in net profit
The stock’s 52-week high is Rs 343.80 and its 52-week low is Rs 90.15. The shares of the company saw a spurt in volume by more than 2 times on BSE. The stock gave multibagger returns of 245 per cent in just 1 year; 490 per cent in 3 years and a whopping 1,500 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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