Transcript of Earnings call held on May 19, 2026.
GENUSPOWER · price
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Genus Power reported strong Q4 and FY26 results with standalone revenue of INR 4,738 crores in FY26 (up 94% YoY) and PAT of INR 605 crores (up 106% YoY). Q4 standalone revenue was INR 1,524 crores (up 63% YoY). The company crossed 1 crore meter installations under RDSS with all 24 AMISP projects achieving Operational Go-Live. Total order book stands at INR 25,173 crores with manufacturing capacity exceeding 18 million meters annually. For FY27, management guided revenue of INR 6,000-6,500 crores with EBITDA margin expected at 18% (vs 20.3% in FY26) due to raw material cost pressures and product mix shift towards higher hardware content. The company plans to install over 1 crore meters in FY27 and targets INR 500 crores export revenue in 2-3 years. Net debt increased to INR 1,573 crores with peak expected at INR 2,000 crores.
The guidance for FY27 shows strong revenue growth but margin compression due to commodity and exchange rate pressures. While the company maintains a massive order book and expects cash flow to turn positive by FY28, near-term EBITDA margin guidance of 18% (down from 20.3%) reflects challenges in managing fixed-price contracts amid rising input costs.