Summary of this article
Growth attributed to strong demand for smart meters and efficient project execution.
Revenue also showed significant improvement compared to the previous fiscal period.
Genus Power Infrastructure has reported a standalone net profit of ₹128.5 crore for the June quarter, up from ₹40.7 crore in Q1 FY25, supported by higher revenues and improved operational performance.
Its revenue in the first quarter surged to ₹942.4 crore from ₹414.2 crore in Q1 FY25, the smart meter solutions provider said.
"Profit After Tax (from continuing operations) was up by more than 3 times, as compared to ₹40.7 crore in Q1FY25, reflecting strong operational performance and efficiency gains despite higher finance costs," the company said in a statement.
