genus power infrastructures (GPIN) Snapshot

Genus Power Infrastructures Limited announced that Mr. Kailash Chandra Agarwal has resigned from the post of Joint Managing Director and he has been appointed as Non Executive Director & Non Executive Vice Chairman of the Company with effective from May 29, 2013; and Mr. Rajendra Kumar Agarwal has been appointed as Managing Director & Chief Executive Officer of the Company with effective from May 29, 2013.

The Board of Directors of Genus Power Infrastructures Limited have recommended a dividend of 10% (i.e. INR 0.10 per equity share of face value of INR 1 each) for the financial year 2012 to 2013, subject to approval from the shareholders at the ensuing Annual General Meeting.

Genus Power Infrastructures Limited reported audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,941.833 million compared to INR 2,065.301 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 67.714 million compared to INR 205.340 million a year ago. Profit from ordinary activities before tax was INR 114.700 million compared to INR 110.690 million a year ago. Net profit was INR 122.276 million or INR 0.77 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 110.690 million or INR 0.71 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago. For the year, the company reported net sales/income from operations (net of excise duty) of INR 6,523.358 million compared to INR 7,054.814 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 714.348 million compared to INR 928.496 million a year ago. Profit from ordinary activities before tax was INR 438.147 million compared to INR 661.000 million a year ago. Net profit was INR 445.723 million or INR 2.80 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 661.000 million or INR 4.16 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago.