Genus Power: Scale up of AMISP projects boosts Q2FY26 revenue

Genus Power Infrastructures Ltd reported a strong 136 per cent growth in Q2FY26 revenue, fueled by scale-up of AMISP projects.

In a release, Genus Power said that revenues during the second quarter (Q2: July to September) of FY26, at Rs.1,149 crore more than doubled from Rs.487 crore in Q2FY25.

Much of this growth was attributed to scale-up of AMISP projects and the smooth transition of several large contracts into the operational phase.

The company’s total order book, as September 30, 2025, stood at around Rs.28,758 crore (net of taxes), offering clear visibility for strong revenue growth in the coming years, the release noted.

 

Well positioned to meet growing demand

Commenting on the company’s performance, Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd, said, “Our manufacturing and on-ground capabilities are fully aligned with the expanding rollout. With an annual smart meter capacity of around 1.8 crore units and healthy utilisation levels, we are well positioned to meet the growing demand. Installation momentum continues to strengthen, and we remain on track to achieve our targeted rollout of meters in FY26. Our consolidated order book of more than Rs.28,750 crore provides strong multi-year visibility, with a balanced revenue mix between EPC and long-term O&M contracts that will help create a stable annuity stream.

The industry backdrop remains favourable, supported by strong policy continuity and sustained implementation under the RDSS program. Genus continues to maintain a leadership position with a sizeable share of the overall smart metering opportunity. As more projects move into the operational phase, working capital efficiency and cash conversion are expected to improve steadily. With execution progressing well and the first half tracking ahead of plan, we are confident of delivering a strong FY26 while continuing to build on our position as a trusted, technology-driven partner in India’s smart metering transformation.”

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