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Revenue
₹1,149 Cr
verified against source
Revenue YoY
136%
reported change
EBITDA
₹244 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Genus Power delivered a strong Q2 FY26 with standalone revenue surging 136% YoY to ₹1,149 crore, driven by robust execution across multiple AMISP projects transitioning to operational phases. EBITDA more than tripled to ₹244 crore, with margins expanding 456 bps to 21.3% on operating leverage and cost control. PAT grew 162% to ₹148 crore. Management revised FY26 revenue guidance upward to ₹4,500 crore (from ₹4,000 crore) with 20% EBITDA margin, and guided FY27 revenue of ₹5,500-6,000 crore at similar margins. The order book stands at ₹28,758 crore (~3.6 crore meters). Key risks include potential delays in large tender finalizations (Tamil Nadu, Delhi, Punjab) and working capital intensity, though inventory days have reduced from 187 to 126. The company expects to become cash flow positive by FY27.
Colored figures show movement against the previous available record.
Guidance to track
- Management revised FY26 revenue guidance upward from ₹4,000 crore to ₹4,500 crore, with EBITDA margin of 20%.
- For FY27, management guided revenue of ₹5,500-6,000 crore with EBITDA margin of 20%.
- Management expects working capital cycle to reduce by 40-50 days every six months, reaching 160-170 days by end of FY27.
- Management stated that peak gross borrowing will not exceed ₹2,000-2,100 crore, with reduction starting from mid-FY28.
Risks flagged
- Tenders for ~4 crore meters (Tamil Nadu, Delhi, Punjab) are under technical evaluation; delays could impact order inflow.
- Despite DSO reduction, inventory remains high due to new projects; cash flow positive expected only by FY27.
- Management confirmed latching relays are imported from China, exposing the company to supply chain and tariff risks.
- Analyst noted potential slowdown in Maharashtra due to municipal elections; management acknowledged minor field issues.
Key quotes
- In Q2 FY26, our standalone revenue stood at 1149 crores. A sharp 136% increase over rupees 487 crores in Q2 FY25.
- We are very hopeful that in financial year 27 for sure we will be cash flow positive company.
- We have been maintaining around 25% market share and we definitely will try to maintain the same market share or even do better.
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