The shares of one of the leading smart meter manufacturers gained up to 1.5 percent after the Company incorporated two wholly-owned step-down subsidiaries.
With a market capitalization of Rs 6,073.81 crore. Genus Power Infrastructures Ltd, On Wednesday, the shares were trading at Rs 235.75 a share, an increase of 0.17 percent from the previous close price.
According to the exchange filing, Genus Power Infrastructures Ltd has incorporated two wholly-owned step-down subsidiaries: Himachal Pradesh C Zone Smart Metering Pvt Ltd. and Garhwal Smart Metering Pvt Ltd with 100 percent control. It is incorporated as SPV for the execution of the advanced metering Infrastructure Service Provider (AMISP) Contract.
Looking into the company’s finances, Genus Power Infrastructures Ltd’s revenue increased by 18.44 percent from Rs 218.63 Crore in Q2FY23 to Rs 258.96 Crore in Q2FY24. During the same period, net profits increased by 622 percent from Rs 6.74 crore to Rs 48.67 crore.
The stock gave a 162.96 percent return in six months and a 173.24 percent return in a year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.73 Lakhs in a year.
The company’s recent shareholding pattern, The Promoters of the Company own 50.3 percent, Retail shareholders own a 41.77 percent stake in the company and Foreign Institutional Investors own a 2.5 percent stake.
Genus Power Infrastructure Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 3.07 percent and a return on capital employed (ROCE) of 5.77 percent.
Genus Power Infrastructure Ltd includes engineering, construction, and contracts as well as manufacturing and supplying metering and metering solutions.
Written by:- Abhishek Singh
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