GENUS POWER INFRASTRUCTURES LTD-$
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BSE Code:
530343
NSE Code:
GENUSPOWER
Business Profile
Business Profile
Genus Power Infrastructure (GENUSQ), formerly called Genus Overseas Electronics, is a public limited concern promoted by the Kailash Group of Industries with a group turnover of more than USD 100 million. The company was established in 1995 in Jaipur.
Genus is a manufacturer of thick film hybrid microcircuits, which it supplies to telecom, industrial, defence, consumer, automotive, informatics, power sector and for metering products. Other products include PCB assemblies, single-phase and three-phase electronic electricity meters and electronic manufacturing services, including contract manufacturing of SMT/ through-hole PCB assemblies.
Financials
Genus Power Infrastructure registered a 87.87% growth in net profit to Rs 69.23 million for the quarter ended June 2007 from a profit of Rs 36.85 million for the quarter ended June 2006.
Net sales rose 63.82% to Rs 835.28 million for the quarter ended June 2007 from Rs 509.88 million for the quarter ended June 2006.
Total income rose 63.98% to Rs 839.74 million for the quarter ended June 2007 from Rs 512.09 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 6.38 for the quarter ended June 2007.
Recent Developments
16-JUL-07
On July 16, 2007, the board of directors decided the following, subject to necessary provisions and approvals:1. To issue equity shares/preference shares/FCCBs/ADRs/GDRs/securities linked to equity shares or convertible into equity shares upto 30 million USD or rupees equivalent thereto to strategic investors by way of private placement/preferential allotment basis.2. To issue and allot upto 400,000 convertible warrants convertible into and/or providing the holder the option to subscribe to one fully paid-up equity share of Rs 10 each (aggregating to 400,000 equity shares) at a price of Rs 340 per equity share to Vivekshil Dealers, a Indian private limited company.3. To issue and allot upto 200,000 convertible warrants convertible into and/or providing the holder the option to subscribe to one fully paid-up equity share of Rs 10 each (aggregating to 200,000 equity shares) at a price of Rs 340 per equity share to I. C. Agarwal, the chairman and managing director of the company, on preferential basis.
01-MAR-07
Genus Power Infrastructure has secured the contract of Rs 200 million from Chhattisgarh State Electricity Board & Torrent Power AEC for supply of electronic energy meters.