Скачать или смотреть Genus Power: Riding the Smart Metering Wave - FinGlimpse Business Podcast

Join us for an insightful deep dive into Genus Power Infrastructures Limited's recent performance and strategic outlook, based on their Q4 FY25 Earnings Conference Call held on June 02, 2025. Featuring key insights from Vice Chairman Mr. Kailash Agarwal and Joint Managing Director Mr. Jitendra Agarwal, this episode explores how Genus Power is navigating and capitalising on India's burgeoning smart metering revolution.

Key discussion points in this episode includes:
• Exceptional Financial Performance: Discover the stellar Q4 FY25 standalone revenue of INR 937 crores, marking a 123% year-on-year growth, and a Profit After Tax (PAT) more than four times higher than the previous year's corresponding quarter. We also delve into the full fiscal year FY25 performance, where revenue more than doubled to INR 2,442 crores and PAT surged nearly four times to INR 298 crores, underscoring robust execution and sharp operating leverage.
• Massive Order Book & Market Leadership: Understand the significance of Genus Power's INR 30,110 crores (net of taxes) order book as of March 31, 2025, which provides clear multi-year revenue visibility spanning 8 to 10 years. The company maintains a strong position with an approximate 27% market share in the overall meter industry.
• Strategic Growth Drivers: Explore the powerful tailwinds from the nationwide smart metering rollout under the RDSS scheme. Learn about the substantial new tender pipeline, with INR 27,300 crores worth of tenders already open, primarily from states like Madhya Pradesh, Tamil Nadu, and Haryana, with more expected from the southern region.
• Operational Excellence & Future Targets: Gain insights into Genus Power's ambitious FY26 top-line target of INR 4,000 crores and an EBITDA margin guidance of 18%. We'll discuss their plans to install 7 million to 8 million meters in FY26 and their current annual manufacturing capacity of 15 million meters, with scope for further enhancement.
• Navigating Challenges: The conversation addresses the temporary elongation of working capital during the ramp-up phase and the expected gradual normalisation as projects move into stable operational phases. We also touch upon the management's perspective on past inquiries, noting no material impact on company operations.
• Innovative Business Model: Learn how Genus Power is evolving as a forward-integrated, technology-enabled Advanced Metering Infrastructure Service Provider (AMISP), offering end-to-end solutions from in-house manufacturing to software integration like Head-End Systems (HES) and Meter Data Management (MDM). The discussion highlights the strategic demerger of their Strategic Investment Business into Genus Prime Infra Limited, aimed at enhancing focus and unlocking shareholder value.
• The GIC Platform Partnership: A crucial element of Genus Power's strategy is its platform with GIC, a Singaporean sovereign wealth fund, where GIC holds a 74% stake and Genus is the exclusive supplier for smart meters and associated services. This partnership is set to fund large-scale smart metering projects, significantly impacting Genus Power's execution capabilities and receivable cycles.
• Future Diversification: Discover Genus Power's long-term plans to expand into international markets and explore opportunities in gas and water metering, though significant revenues from these segments are anticipated in the coming 2-3 years.


Tune in to understand why FY25 was a "landmark year" for Genus Power and what their strategic vision means for India's smart grid revolution in FY26 and beyond.


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