Genus Power's revenue up y-o-y by 43% in June quarter

4 Aug 2022 , 01:38 PM

Genus Power Infrastructures Ltd has announced its unaudited financial results for the quarter ended June 30th, 2022.

Performance Highlights for Q1FY23:

• Revenue stood at Rs187.0 crore, up by 43%, as compared to Q1FY22 revenue of Rs130.4 crore. Reduced capacity utilization as a result of a lack in supply of semiconductors and other essential electronic components continued to have an adverse impact on revenue growth. 
• EBITDA stood at Rs14.3 crore, an increase of 183%, as against Rs5.1 crore of Q1FY22. 
• The Board of Directors has recommended a dividend of 25% (Re. 0.25 per equity share) for the financial year 2021-22, which is subject to approval of the shareholders.

Key Business Updates:

• In April 2022, the company has received a letter of award (LOA) for appointment of Advanced Metering Infrastructure Service Provider (AMISP) that includes design of AMI system with supply, installation and commissioning of around 10 Lakhs Smart Prepaid Meters, DT Meter level energy accounting and FMS of these smart meters from a state utility. The total order, worth Rs828.57 crore (net of tax), is the single largest order finalized by any state utility in India for AMISP
• As on June 30, 2022, our order book stood at Rs1,855 crore (net of tax)

At around 1:39 PM, Genus Power Infrastructures was trading at Rs74.65 per share down by Rs2.85 or 3.68% from its previous closing of Rs77.50 per share on the BSE.