Genus Power Targets Positive Cash Flow by FY27 Amid Accelerating Smart Meter Rollout
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Genus Power: Cash Flows to Turn Positive by FY27 as Smart-Meter Rollout Scales
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CNBC TV18•25-02-2026, 16:37
Genus Power: Cash Flows to Turn Positive by FY27 as Smart-Meter Rollout Scales
•Genus Power Infrastructure expects operating cash flows to turn positive by FY27, driven by the smart-meter rollout.
•Joint Managing Director Jitendra Kumar Agarwal addressed investor concerns, clarifying that upfront investment for simultaneous projects, not weak collections, impacts current cash generation.
•The company currently has ₹2,000 crore locked in inventory across 25 projects, requiring significant working capital during the rollout phase.
•Working capital intensity is expected to decline significantly over the next 12-15 months as projects move to the operational phase, enabling billing and recovery.
•Genus Power's growth is tied to India's smart-metering program, with a pipeline of 25 crore meters to be installed in the next 5-6 years, and is expanding into water and gas metering.