Gensol Engineering registers revenue growth of 141% YoY in FY24
According to an exchange filing, the corresponding (revenue) figure for the previous year was at Rs 398 crore.
Gensol Engineering, which offers Engineering, Procurement, and Construction (EPC) services, has recorded the highest-ever revenue of Rs 960 crores in FY24 with a growth of 141 per cent Year on Year (YoY). According to an exchange filing, the corresponding (revenue) figure for the previous year was at Rs 398 crore.
"Gensol Engineering Ltd recorded its highest-ever revenue from operations, surpassing Rs 960 crore (provisional and unaudited) in the financial year ending on March 31, 2024," the company said in an exchange filing.
This represents a growth rate of 141 per cent compared to the previous financial year, it stated.
Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd, said in the statement, "This financial performance of the company reflects a robust and commendable growth trajectory exceeding the guidance given in our last earnings conference call in January 2024."
Established in 2012, Gensol Engineering Ltd is a part of the Gensol group of companies, which offers Engineering, Procurement, and Construction (EPC) services for the development of solar power plants.
Over the years, Gensol has installed ground-mounted and rooftop solar power plants with a combined capacity of over 600 MW.
The company has also established an electric vehicle (EV) manufacturing facility in Pune.
With PTI inputs
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
03:22 PM IST