Genus Power Reports Strong FY26 Results, Appoints New CFO Amid Enforcement Probe

Genus Power Infrastructures Ltd. announced its full-year results for the fiscal year ending March 31, 2026. The company reported consolidated revenue of ₹4,750.92 crore and a net profit of ₹592.30 crore. This performance is supported by a substantial order book valued at ₹25,173 crore.

Financial Highlights and Key Appointments

The company has filed its audited financial results for the fiscal year and the fourth quarter ended March 31, 2026. For the full fiscal year (FY26), Genus Power recorded consolidated revenue of ₹4,750.92 crore and a net profit of ₹592.30 crore. As of March 31, 2026, the company held an executable order book worth ₹25,173 crore, excluding taxes.

In a significant leadership update, Vinod Raheja has taken over as the new Chief Financial Officer (CFO) from May 18, 2026. He succeeds Nathu Lal Nama, who will now serve as a Whole-time Director. K. G. Goyal & Associates have also been appointed as the cost auditors for FY 2026-27.

Outlook Boosted by Strong Orders, Offset by Legal Concerns

Genus Power's strong financial results and extensive order book point to solid business momentum and clear future revenue prospects. The arrival of a new CFO marks a key change in financial leadership, vital for strategic moves and communicating with investors. However, an ongoing Directorate of Enforcement (ED) investigation introduces considerable uncertainty and risk for the company and its shareholders.

Background on the ED Probe

Genus Power is a major participant in India's power sector, focusing on electricity metering and offering engineering, procurement, and construction (EPC) services for power transmission and distribution. The company has been under scrutiny since December 3, 2024, when the Directorate of Enforcement (ED) conducted searches at its corporate office and the chairman's residence. These actions were part of an investigation under the Prevention of Money Laundering Act (PMLA), 2002. Genus Power has since received a formal notice from the PMLA Court in Patna, mandating its appearance concerning this ongoing probe.

Impact on Shareholders and Future Operations

Investors now have a clearer view of Genus Power's financial performance and operational health for FY26, bolstered by its large order backlog. The company is entering a new phase of financial leadership with the appointment of Mr. Vinod Raheja. The ultimate outcome of the ED investigation remains a critical factor that could affect the company's governance and future business activities. Successfully executing the ₹25,173 crore order book will be essential for maintaining growth.

Key Risks to Monitor

The primary risk remains the ongoing investigation by the Directorate of Enforcement into alleged money laundering activities under the PMLA, 2002. The company's upcoming appearance before the PMLA Court in Patna is a key event to watch.

Industry Peers

HPL Electric & Power Ltd., another player in electricity metering and power distribution, also competes for market share. KEC International Ltd. operates in the power T&D EPC segment, facing similar project execution challenges and competition.

Key Financial Metrics

FY26 Results:

• Consolidated Revenue: ₹4,750.92 crore
• Consolidated Net Profit: ₹592.30 crore

Q4 FY26 Results:

• Consolidated Revenue: ₹1,537.13 crore
• Consolidated Net Profit: ₹171.76 crore

Order Book (as of March 31, 2026):

• Executable Orders (excluding taxes): ₹25,173 crore

What to Watch For

Key developments regarding the Directorate of Enforcement's PMLA investigation and related court proceedings. The strategic direction and financial oversight from the new CFO, Vinod Raheja. Progress on executing the ₹25,173 crore order book and securing new business. Any further updates on the legal proceedings linked to the ED probe.