**1. Business Performance:** Genus Power delivered a standout FY26, with revenue surging 94% YoY to Rs. 4,737.5 Cr, fueled by accelerated execution in smart metering projects.

Profit after Tax (PAT) jumped 106% to Rs. 605.0 Cr, showcasing strong operational leverage.

Q4 also posted solid gains. **2. Growth Drivers or Strategy:** The company is rapidly evolving as a top Advanced Metering Infrastructure (AMI) integrator.

Core strategies include tech innovation, leveraging AI/IoT, and expanding into smart gas & water metering.

A strategic partnership with GIC further bolsters its AMISP platform. **3. Recent Developments:** FY26 marked a key milestone with over 1 crore smart meters installed under RDSS programs.

Manufacturing capacity now tops 18 million meters annually.

Its order book stands strong at ~Rs. 25,173 Cr, providing multi-year revenue visibility. **4. Key Financial Metrics:** FY26 Revenue: Rs. 4,737.5 Cr (+94% YoY). PAT: Rs. 605.0 Cr (+106% YoY). EPS: Rs. 19.79. **5. Management Commentary / Outlook:** Management forecasts continued robust execution, targeting FY27 revenue of Rs. 6,000-6,500 Cr.

With India's vast untapped smart meter market, Genus sees substantial long-term growth, expanding into gas, water metering, and international markets.