Genus Power Q3 Profit More Than Doubles, Revenue Jumps 86%

Introduction to Q3 Performance

Genus Power Infrastructures Limited has reported a significant improvement in its financial performance for the third quarter of the fiscal year 2025-26. The company's net profit more than doubled, and revenue saw a substantial surge, continuing the strong growth trajectory observed in the preceding quarter. The results reflect robust operational execution, particularly in the smart metering segment, which continues to be a primary growth driver for the company. The positive financial outcome was well-received by the market, with the company's stock showing gains following the announcement.

Detailed Q3 Financial Highlights

The company's net profit for the quarter ending December 2025 stood at ₹140.2 crore, a sharp increase of 147.3% compared to the ₹56.7 crore reported in the corresponding quarter of the previous fiscal year. This substantial growth in profitability was underpinned by strong top-line performance. Revenue from operations climbed 85.8% year-on-year, reaching ₹1,122 crore, up from ₹604 crore in Q3 FY25. The impressive revenue growth indicates a healthy demand environment and the company's ability to scale its operations effectively to meet project timelines.

Margin Expansion and Operational Efficiency

Alongside revenue growth, Genus Power demonstrated notable improvements in its operational efficiency. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter increased by 129.2% to ₹212.5 crore, compared to ₹92.7 crore in the year-ago period. Consequently, the operating margin expanded significantly to 18.9%, a 360-basis-point improvement from the 15.3% reported in the same period last year. This margin expansion suggests better operating leverage from higher revenues and disciplined cost management, contributing directly to the enhanced profitability.

Q3 FY26 Performance Summary

Building on Previous Quarter's Momentum

The strong Q3 results build upon the momentum established in the second quarter of FY26. In Q2, Genus Power had already reported a remarkable 110.9% year-on-year revenue growth and a 72.1% increase in net profit. This consistent, high-growth pattern across consecutive quarters highlights a sustained period of robust operational activity and strong market demand for its smart metering solutions. The company's ability to maintain this trajectory underscores its strong project execution capabilities and leadership position in the sector.

Strong Order Book Provides Future Visibility

A key factor supporting this performance is the company's substantial order book, which stood at approximately ₹28,758 crore as of the end of the previous quarter. This large backlog, primarily driven by Advanced Metering Infrastructure Service Provider (AMISP) projects, provides clear and multi-year revenue visibility. These orders, secured under government initiatives like the Revamped Distribution Sector Scheme (RDSS), ensure a steady pipeline of projects and reinforce the company's long-term growth outlook.

Company's Financial Health and Growth Metrics

The recent performance is also reflected in the company's broader financial health indicators. Genus Power's annual revenue growth of 96.58% has significantly outpaced its three-year compound annual growth rate (CAGR) of 49.63%. Furthermore, the company's Return on Equity (ROE) for the year ending March 31, 2025, was recorded at 16.67%, which is substantially higher than its five-year average of 8.81%. This improvement in ROE points to enhanced profitability and more efficient use of shareholder funds.

Market Reaction to the Results

Following the announcement of these strong quarterly numbers, the market responded positively. Shares of Genus Power Infrastructures Limited closed at ₹268 on the National Stock Exchange (NSE) on February 6, 2026, marking an increase of 2.15%. The investor confidence reflects the company's solid performance and the positive outlook for the smart metering industry in India.

Conclusion

Genus Power's Q3 FY26 results underscore its strong execution capabilities and dominant position in the smart metering sector. The significant year-on-year growth in both revenue and profitability, coupled with expanding margins and a robust order book, positions the company well for sustained growth. As India continues its push towards modernizing its power distribution infrastructure, Genus Power appears set to be a key beneficiary of this transformation.