Genus Power (per the management concall) is supposed to have a good quarter 4 (~450 Cr) as they retained their guidance of 1200 Cr. If they do deliver this number, their EBITDA margin should be closer to 16-17% and PAT etc will show good growth. FY 25 in any case, is expected to be ~2500Cr + and with margins of 16-17%, they could possibly do EBITDA of 400Cr+.
The street had possible concerns over the pledging that promoters have done and whether they would be able to deliver the huge orderbook profitably. Therefore price showed spike last qtr and then went down sharply when numbers did not meet expectations. If they do deliver 400cr+ sales, atleast they will show that it is not all gas and there is some merit in the company.
The price has also started to show life/accumulation over the last many days. Possibly hinting that they would deliver the numbers or it may be speculative build up before the results are announced, as last time. I am waiting for actual numbers to be delivered this qtr.
Regards,
Nikhil
Disc: Invested; Top position for me
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