Outcome of Board Meeting held on May 16, 2026.
GENUSPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Genus Power reported strong FY2026 results with standalone revenue of Rs 4,737 crore (up 47% YoY) and net profit of Rs 605 crore (up 106% YoY). Consolidated net profit stood at Rs 587 crore, nearly doubling from Rs 311 crore. The Board approved appointment of Mr Vinod Raheja as new CFO from May 18, 2026, with Mr Nathu Lal Nama transitioning out of the CFO role but continuing as Whole-time Director. Key corporate actions include the demerger of Strategic Investment Division to Genus Prime Infra (completed this year), acquisition of 86.49% stake in Newlectric Innovation Pvt Ltd for Rs 25.23 crore (now wholly-owned subsidiary), and formation of Genus Employees Trust for ESOP. The executable order book stands at Rs 25,173 crore. The company noted an ongoing PMLA matter where ED conducted a search in December 2024 and the company received notice from PMLA Court, Patna. Labour code implementation impact of Rs 7.92 crore was recognized.
Strong financial growth with near-doubling of consolidated profit is positive for shareholders. The CFO transition appears orderly. The massive Rs 25,173 crore order book provides revenue visibility. However, the PMLA enforcement case remains a regulatory risk that investors should monitor.