INSUBCONTINENT EXCLUSIVE:
Gensol Engineering recently bagged a Rs 463 crore solar plant project at Gujarat's Khavda RE Power Park
| Photo: X@GensolGroup1 min read Last Updated : Aug 12 2024 | 10:44 PM IST
Gensol Engineering on Monday posted over two-fold growth in
standalone profit after tax (PAT) Rs 32.5 crore for the quarter ended June 2024 on higher revenues.
It had reported a PAT of Rs 12.3 crore
in the April-June period of the preceding 2023-24 financial year, the company said in an exchange filing.
The company's revenues surged to
Rs 275 crore from Rs 147 crore in the year-ago quarter.
Gensol Engineering Ltd Chairman and Managing Director Anmol Singh Jaggi said, "Our
performance in Q1 FY25 has been exceptional
Gensol is expanding its presence in current and new business segments like Solar, BESS (battery energy storage systems) - EV Leasing, which
are poised for significant growth in the near future, boosting our overall profitability".
The renewable energy space is experiencing
rapid expansion, driven by increasing demand for sustainable solutions and supportive government policies, he added.
Gensol Engineering
recently bagged a Rs 463 crore solar plant project at Gujarat's Khavda RE Power Park.
It is a leading player in the renewable energy
sector, specialising in solar power engineering, procurement and construction (EPC) services, along with electric mobility solutions.(Only
the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated
from a syndicated feed.)First Published: Aug 12 2024 | 10:44 PMIST
