Genus Power Infrastructures Ltd witnessed a 3% decline in its stock price despite delivering an impressive turnaround in its Q3 FY24 financial results. The company reported a consolidated net profit of ₹56.66 crore, a significant improvement from the ₹99.2 crore loss recorded in the same quarter last year.
The company’s revenue from operations surged 132.7% year-on-year to ₹604.20 crore, reflecting strong demand and operational efficiencies. Total income also grew 129% YoY to ₹617.06 crore, showcasing the company’s ability to capitalize on market opportunities. Profit before tax stood at ₹72.08 crore, marking a substantial rise compared to ₹10.94 crore in the year-ago period.
Genus Power shares opened at ₹315.95, reaching a high of ₹318.00 and a low of ₹292.00. The stock’s 52-week high stands at ₹486.05, while the low is ₹204.50. As of 10:07 AM, the shares were trading 3.30% lower at Rs 295.85.
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