Outcome of Board Meeting
Price
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Genus Prime Infra's board approved unaudited Q2 FY26 results on November 14, 2025, with the auditor (Jethani & Associates) issuing an unqualified review report. Standalone revenue surged to Rs. 117.32 lakhs in Q2 FY26 from Rs. 5.74 lakhs in Q2 FY25, while H1 FY26 revenue jumped to Rs. 178.89 lakhs from Rs. 13.81 lakhs. Standalone profit after tax swung to Rs. 95.70 lakhs in Q2 FY26 from a loss of Rs. 0.77 lakhs in Q2 FY25, and H1 FY26 PAT stood at Rs. 141.29 lakhs versus a loss of Rs. 0.71 lakhs. Consolidated PAT for Q2 was Rs. 44.02 lakhs and H1 was Rs. 47.42 lakhs after share of losses from associates and minority shareholders. Total assets expanded massively to Rs. 33,038 lakhs (standalone) from Rs. 4,140 lakhs in March 2025, driven by the NCLT-approved Scheme of Arrangement involving the demerger of Genus Power Infrastructures' Strategic Investment Division and amalgamation of three group companies, adding Rs. 27,468 lakhs in net assets. Share allotment to scheme shareholders is still pending.
The dramatic scale-up in revenue, profitability, and balance sheet is largely an accounting effect of the merger/demerger scheme rather than organic growth, so investors should watch for the pending share allotment and post-merger operational performance. The negative standalone operating cash flow of Rs. (3,292) lakhs and new finance costs indicate near-term working capital strain despite the reported profit.