Genus Power posts Rs 180.69 cr standalone Q4 profit
Its 18.64% operating margin was 3.02 percentage points above the Industrials peer median, while management outlined a Rs 6,000-6,500 cr FY27 revenue expectation.
Filed 16 Sep 2026, 19:51 IST · after market close · Genus Power Infrastructures Ltd (GENUSPOWER)
Key takeaways
- Standalone operating profit of Rs 284 cr translated into Rs 180.69 cr of net profit after Rs 42.52 cr of interest and Rs 18.14 cr of depreciation.
- The 18.64% operating margin was 3.02 percentage points above the 15.62% median for 72 reported Industrials peers.
- Management said it expects FY27 revenue of approximately Rs 6,000-6,500 cr as project execution scales up.
Price around the results
Operating profit left room for Rs 180.69 cr net profit
Genus Power’s standalone quarter generated Rs 284 cr of operating profit on revenue of Rs 1,523.69 cr. The conversion to Rs 180.69 cr of net profit reflects Rs 42.52 cr of interest and Rs 18.14 cr of depreciation. Other income added Rs 24.24 cr, so reported profit also included a non-operating contribution.
Margin stayed above the Industrials peer median
The 18.64% operating margin was 3.02 percentage points above the 15.62% median among 72 Industrials companies that had reported the same quarter. The quarter’s expense base was Rs 1,239.69 cr against revenue of Rs 1,523.69 cr. Tax was charged at 27.02%, while interest remained a material deduction from pre-tax profit.
Management links the next phase to scale and working capital
Management said FY27 revenue could be approximately Rs 6,000-6,500 cr, with project execution entering another phase of scale-up. It said manufacturing capacity currently exceeds 18 million meters annually and that the business still requires elevated working capital because several projects and geographies are being executed at the same time. The company told analysts it expects working-capital intensity to gradually normalize as installations become operational projects and cash generation improves, while export revenues, smart gas meters and smart water meters remain adjacent opportunities.
After-close filing leaves the market response open
The standalone results were filed after market close. There is no post-results stock move to assess yet, and the absence of a reaction history means the filing cannot be compared with the stock’s usual response to quarterly results.
Q4FY26 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹1,524 cr |
| Other income | ₹24 cr |
| Expenses | ₹1,240 cr |
| Operating profit | ₹284 cr |
| Operating margin (%) | 18.64% |
| Interest | ₹43 cr |
| Depreciation | ₹18 cr |
| Profit before tax | ₹248 cr |
| Tax | ₹67 cr |
| Net profit | ₹181 cr |
| EPS (₹) | ₹5.94 |
Operating margin of 18.64% compares with a Industrials sector median of 15.62% across 72 peers that have reported Q4FY26.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company expects FY27 revenue of approximately Rs. 6,000-6,500 crore.
- The company expects working capital intensity to gradually normalize over the coming quarters.
- The company expects export revenues to scale meaningfully over the next few years.
Expansion
- Manufacturing capacity currently exceeds 18 million meters annually.
New initiatives
- The company continues investing in smart gas meters, smart water meters and export markets as adjacent growth opportunities.
- The strategic GIC partnership focuses on expanding meter supply and service contracts.
Competition
- The company describes itself as one of the leading smart metering players in the country.
Problems & risks
- The business currently requires elevated working capital investments because of simultaneous execution across multiple projects and geographies.
What to watch
- FY27 revenue delivery against management’s Rs 6,000-6,500 cr expectation.
- Whether operating margin holds above the current 18.64% level.
- Whether working-capital intensity begins to normalize as the company executes projects supported by capacity exceeding 18 million meters annually.