&w=3840&q=100)
Genus Power share price rallies 9% on strong Q4 results; key details here
Genus Power share price: Genus Power share price was in demand on Monday, June 2, 2025, with the stock rising up to 8.87 per cent in intraday deals to a high of ₹430.05 apiece.
By 11:55 AM, Genus Power shares were off day's high, and were trading 5.89 per cent higher at ₹418.25 per share.
Why did Genus Power share price rise today?
Genus Power's share price surged in today's trade following the announcement of strong financial results for the fourth quarter of FY25 (Q4FY25).
The company reported a Profit After Tax (PAT) of ₹129.3 crore for Q4FY25, marking a more than fourfold increase from ₹31.4 crore in Q4FY24. The sharp rise reflects the company's ability to effectively convert operational gains into bottom-line performance, Genus Power said, in a statement.
Revenue for the quarter stood at ₹936.8 crore, up 123 per cent year-on-year (Y-o-Y) from ₹420.1 crore, driven by rapid progress in its ongoing smart metering projects.
At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) rose to ₹208.5 crore, up 276 per cent from ₹55.5 crore a year ago. The Ebitda margin expanded 905 basis points to 22.3 per cent in Q4FY25, supported by strong operating leverage and prudent cost management.
Additionally, the company's order book stood at approximately ₹30,110 crore (net of taxes) as of March 31, 2025, offering strong visibility into future growth.
Jitendra Kumar Agarwal, joint managing director, Genus Power Infrastructures said, 'FY25 has been a breakthrough year for Genus Power, marked by outstanding growth, strong execution, and significant margin expansion. Our business continues to benefit from the accelerated rollout of smart metering projects under RDSS, the robustness of our integrated operations, and the trust placed in us by utilities across the country. This performance underscores our position as a leading and reliable partner in India's energy infrastructure transition.'
Besides, the National Company Law Tribunal (NCLT), Allahabad Bench, approved the demerger of Genus Power's Strategic Investment Business into Genus Prime Infra Ltd, through an order dated April 24, 2025. The demerger was initially approved by the Board in December 2020.
Agarwal further said, 'We continue to maintain a healthy balance sheet, with net debt well-contained and future JV-related investments largely funded through internal accruals. Our execution pipeline remains strong, and despite temporary moderation in fresh tendering activity, our current order book offers multi-year revenue visibility. Genus Power is strategically positioned to benefit from India's accelerated smart metering rollout under the RDSS programme. With a proven track record, pan-India execution capabilities, and continued investments in Earnings Release 4 innovation, we are confident of sustaining our growth trajectory and creating long-term value for all stakeholders,' he added.
About Genus Power
Genus Power Infrastructures, established in 1995, is among India's leading players in the electricity metering solutions industry.
The company holds a market leadership position across various types of meters and has developed advanced smart metering solutions through its in-house research and development (R&D) capabilities.
Genus Power operates manufacturing facilities in Jaipur, Haridwar, and Guwahati, with a combined installed capacity of over 16 million metres. Its key clientele includes major State Electricity Boards (SEBs) and private utility companies across the country.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
RBI's 'bold' 50 bps cut to reduce interest rates, improve credit access: India Inc
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The RBI's decision to slash the benchmark rate by a "bold" 50 basis points will lead to lower interest rates and improved credit access for borrowers, India Inc said on Friday, asserting that the move will support economic growth amid global they opined that by reverting its stance to neutral from accommodative, the central bank has signalled that it may now pause to assess the full transmission of these cuts, before considering further easing of interest Reserve Bank of India (RBI) on Friday cut interest rates by 50 basis points (bps), the third consecutive reduction, to 5.5 per central bank has also unexpectedly reduced the cash reserve ratio (CRR) for banks by a steep 100 basis points, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the Vardhan Agarwal, President at FICCI, said, "FICCI welcomes RBI's bold and proactive move to slash the repo rate."This front-loaded rate cut sends a strong signal of the RBI's commitment to supporting growth, especially at a time when the Indian economy is navigating multiple headwinds -- from trade uncertainties and geopolitical tensions to financial market volatility," Agarwal Alexander Muthoot, MD of Muthoot Finance , said, "For NBFCs, this is an encouraging move as it creates a favourable environment by lowering borrowing costs and extending affordable credit to under-served communities." "The move, coupled with a lowered inflation outlook, is likely to support domestic consumption and stimulate credit demand in the coming quarters. Overall, we view this as a timely and positive intervention that can support a stronger credit cycle in FY26," Muthoot Banerjee, Partner and Leader - Economic Advisory at PwC India, said the policy rate easing, combined with the liquidity increase for banks when system liquidity is already comfortable, is likely to add a second engine to the consumption growth flight that is anticipated to be already in flight from the income tax cuts taking effect in FY26."With inflation under control, supporting growth is the main objective, especially considering the uncertainty in global trade. The RBI continues to peg FY26 growth at 6.5 per cent, but clearly sees a need to stimulate private demand and capital formation. This (liquidity) gives banks more headroom to transmit lower rates and improve credit flow - both to consumers and businesses," Vijay Kuppa, CEO of InCred Money, Goswami, CIO & MD - India Fixed Income at Franklin Templeton, said the RBI's bold move has surprised markets and underscores a clear pivot towards supporting growth amid subdued economic momentum and easing inflation."Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank , said, "The higher-than-expected repo rate cut comes along with a shift in the stance back to neutral. This clearly points towards future decisions being more data-dependent, given the significant global uncertainties."Gaura Sengupta - Chief Economist at IDFC FIRST Bank , said, "The front-loading of the rate cut action plus CRR cut indicates focus is on enhancing the transmission of monetary policy. The neutral stance indicates that the bar for further rate cut is higher but isn't completely off the table. In the next few policies, we expect the RBI to remain on pause".The RBI MPC decision will support India's growth amidst continued global volatilities, Hemant Jain, President at PHDCCI, the latest reduction, the RBI has cut interest rates by 100 basis points in 2025, starting with a quarter-point reduction in February - the first cut since May 2020 - and another similar-sized cut in rate cut comes as the Indian economy slowed to a four-year low of 6.5 per cent in the fiscal year that ended March. RBI projected the economy to grow by the same measure in the current financial year that started on April 1, as rising trade tensions following US President Donald Trump's tariff policies provide central bank lowered its inflation projection to 3.7 per cent for 2025-26 from 4 per cent earlier.
Time of India
5 hours ago
- Time of India
Indian tea prices rise 18% as demand surges from Russia, Iran, Iraq and UAE
Kolkata: Indian tea prices increased 18% in the first four months of this year from a year earlier, pushed up by strong demand from markets like Russia, Iran, Iraq and the UAE. With exports demand remaining robust and consumer goods firms such as Hindustan Unilever and Tata Consumer Products stepping up purchases for the local and international markets, auctioneers and industry executives expect the prices to stay firm and shipments to top last year's levels. Companies that sell packet tea, however, aren't currently planning to pass on the higher price to local consumers as they don't want to risk losing market share, said industry executives. According to Tea Board figures, the average wholesale tea price in the January-April period rose to ₹160.49 per kg from ₹136.41 a year earlier. This average is for a mix of premium orthodox (hand-rolled) tea and the common CTC dust and leaf teas from South India, Assam and West Bengal. International demand for Indian tea remains strong. "There has been a significant rise in demand for Indian tea from the Middle East countries and Russia. They buy premium orthodox tea," said Mohit Agarwal, director of Asian Tea, a Kolkata-based tea exporting firm. "If this momentum continues, then the overall tea exports of the country will surpass last year's exports." The price of Assam orthodox tea has hit a record high of ₹314 per kg at auctions, Agarwal said. Prices are expected to remain firm even as the second flush teas will start coming to the auction centres in Guwahati and Kolkata from June second week, he said, adding: "For the year 2025, we can expect record production and prices as the Middle East will continue to buy Indian teas." India exported about 255 million kg of tea worth ₹7,111 crore in 2024, when it moved up to the third position from the fourth on tea exports by replacing Sri Lanka. Exports from Assam and West Bengal totalled 154.81 million kg, valued at ₹4,833 crore. South India's share was 99.86 million kg worth ₹2,278 crore. Production in the first four months of 2025 has also increased from a year earlier. Figures released by the Tea Board show production at 203.14 million kg, up 28.94 million kg from the January-April period of last year. "Even though all the packet tea players are buying heavily, there are no immediate plans to raise prices for the end consumers. If prices rise further, then there may be a marginal price hike for the consumers," said Viren Shah, chairman of Gujarat-based Jivraj Tea. "But these are early days, and nobody would like to lose their market share by increasing prices." J Kalyanasundaram, secretary of the Calcutta Tea Traders Association, said players like HUL and Tata Consumer Products stepped up purchase at the auctions, after the government made auction compulsory for 100% CTC dust teas. "This has resulted in a price rise. Prices of this variety have shot up by ₹19-20 per kg," he said.
Mint
9 hours ago
- Mint
Bollywood, boba tea and burgers on the menu as McDonald's seeks to double store footprint in north and east India
McDonald's is counting on star appeal to keep its customers excited as it refreshes its menu and doubles its store count in the north and east of the country. Connaught Plaza Restaurants Pvt Ltd (CPRL), the operator of McDonald's fast-food outlets in the two regions, is ramping up marketing expenditure, offering new menu categories, and launching celebrity-led campaigns targeted across generations—from teenagers to those in their 60s. Actor Ranveer Singh has been signed up as brand ambassador for a new celebrity meal campaign and menu offerings including boba drinks (bubble tea) and premium burgers will be rolled out, Anant Agarwal, vice chairperson of CPRL, said in an interview with Mint. 'We have committed to really good growth over the next three to four years and plan to double our outlet base," said Agarwal. 'In fact, we have consistently scaled up our marketing investments, with an incremental increase of 15-20% year-on-year." Also Read | McDonald's gives its restaurants an AI makeover Agarwal cited its Korean food campaign, which was backed by targeted marketing across digital and in-store platforms and drove strong consumer interest to contribute to a 20% business growth during the campaign period. The company has earmarked an investment of $100-150 million for marketing and store expansion over the next few years. 'We plan to more than double our store numbers, reaching 500-600 stores by 2030 over the next 3-4 years," said Agarwal. Star appeal The company is focused on marketing as a cornerstone because it wants to continue to woo patrons who started consuming McDonald's when they were in their teens and are now in their 40s. With Ranveer Singh at the helm of the campaign, it is targeting consumers ranging from 14-year-olds to 60-year-olds or even older, Agarwal added. 'We feel the way an actor will communicate will be very organic and will resonate with people despite there already being a strong loyalty for the brand. It's about building relevance not to inspire but more to excite consumers. Everyone's a fan of McDonald's, even celebrities," he said. The campaign with Ranveer Singh will be for a limited period and will be rolled out around mid-June. The company had roped in actor Kartik Aaryan in 2023 for a similar campaign. Like that one, this too will be a 360-degree campaign for a few months before deciding whether to extend it further. Also Read | Celebrities lose ground on endorsements as more brands turn to influencers "While we can't touch upon the budgets, it's one of our largest campaigns till date. Typically, a campaign like this will give us a sense within six months based on the number of meals and burgers sold, how good our return on investment was. Usually, celebrity campaigns are also created around scarcity, and this will be more of a time-based campaign where the meal will only be around for a limited period," he said. Protein and gourmet burgers The company is also working towards introducing premium burgers and will look at innovations in the protein space – both vegetarian and non-vegetarian – as consumers become more conscious of their food choices, said Agarwal. 'We're creating food that is relevant among youth as well as older age groups like millennials, who are quite loyal, even in their 40s and 50s," he launched the McCrispy chicken gourmet burger last year from its global menu. The premium chicken offering priced upwards of ₹200 has generated strong demand, particularly in eastern India, he said. CPRL's expansion and modernisation efforts include setting up over 200 McCafés across about 300 stores by the year end. These are shop-in-shop coffee sections to serve the growing market of coffee consumers. Today, about 35% of the company's sales come from delivery; 65% from dine-in. "We are quite content with our delivery numbers because we feel brands are created when people walk into restaurants and not only when they have them delivered," Agarwal added. Also Read | Profit squeeze drives Indian restaurants to seek new delivery paths The company posted revenue from operations of ₹1,410 crore in FY24, up 17.4% from ₹1,201 crore in FY23, according to its latest annual filings with the Ministry of Corporate Affairs, accessed via business intelligence platform Tofler. Net profit in FY24 was ₹123.3 crore, up 58.5% from ₹77.8 crore. In February 2020, the MMG Group took over CPRL, and as part of the deal, Anant's father, Sanjeev Agrawal, was appointed the new development licensee for the region. QSR chains are rapidly expanding their footprints across tier-2 and tier-3 cities, supported by aggressive marketing, digital ordering platforms, and value-driven menus. The QSR segment continues to be one of the key growth drivers of the food service industry, especially within the broader casual-dining category, which is projected to grow from ₹1.22 trillion in FY24 to ₹1.74 trillion by FY28. This growth is being fuelled by rising disposable incomes, increased urbanisation, and changing eating habits among younger consumers, the National Restaurant Association of India said.
