The shares of one of the leading manufacturing company gained up to 5 percent after the company received an order worth Rs 2,259.94 Crores.
With a market capitalization of Rs 6,469.29 Cr, Genus Power Infrastructure Ltd. shares were trading at Rs 259 a share, an increase of 2.90 percent from the previous close price of Rs 251.70 a share.
According to the exchange filing, Genus Power Infrastructure Ltd’s wholly-owned subsidiary has received an order worth Rs 2,259.94 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including the design of Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with fire management system FMS of 27.33 Lakhs Smart Prepaid Metres.
The company has received six prestigious orders, worth Rs 15,160 crore in total for the installation of Rs 1.72 Crore smart prepaid meters, since July 2023. Company total order book now stands over Rs 19000 Crore.
Smart prepaid meters describe the future of energy management, offering numerous advantages such as accurate billing, real-time data monitoring, and the reduction of energy losses.
Looking into the company’s financial performance, the company’s revenue increased by 39.6 percent from Rs 187.04 crore Q1FY23 to Rs 261.11 crore Q1FY24. Further, During the same period, net profit increased by 87.15 percent from Rs 12.3 crores to Rs 23.02 crores.
Genus Power Infrastructure Ltd’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 stock gave a 196.39 percent return in one year and a 198.61 percent return in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.98 Lakhs in a year.
Genus Power Infrastructure Ltd is a company that manufactures and supplies metering as well as metering solutions. It also engages in contracting, engineering, and construction.
Written By:- Abhishek Singh
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