Genus Power Infrastructures Limited Sustained Momentum in the Business with revenue growth over 32.3% YoY
Order Book (net of tax) at Rs. 1,401 Crores | H1 FY19 Standalone Revenues at Rs. 461.9 Crores | 32.3% YoY growth
Deepthi | Myequity news | Date : 23-10-2018 15:25:00 IST
Genus Power Infrastructures Ltd., a leading Smart Metering solutions provider & manufacturer for the Power Distribution Industry, announced its un-audited Financial Results for the Quarter and half year ended September 30, 2018.
The total order book of Genus Power Infrastructures Ltd. stood at Rs. 1,401 Crores (net of tax) at end of September 30, 2018. The Net Revenue stood at Rs. 461.9 Crs for H1 FY19 as against Rs. 349.1 Crs in H1 FY18 up by 32.3% YoY led by better execution of both Metering and ECC orders. PBT excluding other income stood at Rs. 28.9 Crores for H1 FY19, as against Rs. 19.2 Crores in H1 FY18 up by 50.4%. Reported PAT stood at Rs. 26.8 Crs for H1 FY19 as against Rs. 23.2 Crs in H1 FY18 up by 15.6%.
Commenting on the performance Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructure said, “We are pleased with our performance for the first half of the financial year 2019. The supplies for the EESL order have gathered pace during the quarter. The overall business environment has remained positive, despite the challenges of increasing raw material prices on the back of rising crude prices and strengthening of dollar. Our robust manufacturing process and improving order execution cycle have helped us bring in operational efficiencies leading to expansion in our operating margins for H1 FY19. At an industry level we are witnessing good traction in orders for smart meters, which is reflected in our strong order inflow. We are witnessing significant traction in our exports business which has contributed Rs. 28 Crs in H1 FY19. Our robust order inflow in exports business will contribute significantly over the coming quarters.”
About Genus Power Infrastructure Ltd:
Genus Power Infrastructures Ltd, started in 1995, is amongst the largest players in India’s electricity metering solutions industry, with ~27% market share. Company is market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D centre. Company also has engineering, construction, and contracts (ECC) division which complements the existing meters business. Company has manufacturing plants across Jaipur, Haridwar and Guwahati with a total installed capacity of over 10 million meters.