Genus Power advances after new order

Genus Power Infrastructures was up 3.86% to Rs 56.55 at 12:24 IST on BSE after the company won an order worth about Rs 54 crore from Jharkhand Bijli Vitran Nigam.

The announcement was made during market hours today, 15 March 2018.

Meanwhile, the S&P BSE Sensex was down 46.32 points or 0.14% at 33,789.42. The S&P BSE Small-Cap index advanced 0.8%, outperforming the Sensex.

On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.19 lakh shares in the past one quarter. The stock had hit a high of Rs 56.90 and a low of Rs 55 so far during the day. The stock had hit a 52-week high of Rs 86 on 15 January 2018 and a 52-week low of Rs 36.50 on 27 March 2017.

The small-cap company has equity capital of Rs 25.72 crore. Face value per share is Rs 1.

The supplies for the latest order are to be completed by Q1 June 2018. This is a significant milestone for Genus which will enhance its market position as a technologically advanced meter supplier. The company's total order book now stands at Rs 1149 crore.

Genus Power Infrastructures' net profit rose 8.3% to Rs 13.22 crore on 9% growth in net sales to Rs 200.19 crore in Q3 December 2017 over Q3 December 2016.

Genus Power Infrastructures is amongst the largest players in India's electricity metering solutions industry.

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