Gensol Engineering FY23 PAT more than doubles to Rs 24.9 crore
The BSE-listed company had reported a PAT of Rs 11.1 crore in the previous financial year (2021-22). Total revenue of the firm also jumped 145 per cent to Rs 397.4 crore last financial year as against Rs 162.3 crore reported in the previous fiscal.
New Delhi: Gensol Engineering Ltd, an Engineering, Procurement & Construction (EPC) company that operates in the renewable energy space, announced its Profit After Tax (PAT) for the financial year ended March 2023 more than doubled to Rs 24.9 crore.
The BSE-listed company had reported a PAT of Rs 11.1 crore in the previous financial year (2021-22). Total revenue of the firm also jumped 145 per cent to Rs 397.4 crore last financial year as against Rs 162.3 crore reported in the previous fiscal.
“Gensol’s strong performance with consolidated revenue growth of 145 per cent and EBITDA growth of 196 per cent this fiscal reflects our unwavering commitment to excellence and innovation in the renewable energy and electric mobility sector,” Managing Director Anmol Singh Jaggi said.
He also said the company will soon achieve the milestone of the successful initiation of Electric Vehicle (EV) manufacturing production at Pune, Chakan, and it has made progress in the EV leasing business closing the year by leasing a fleet of 4,000 EV cars in the industry.
In the financial year ended March 2023, the company won the bid for the development of 30 MWac floating solar projects with a value of Rs 232.49 crore, and received purchase order from clients for the development of solar power projects with a total capacity of over 247 MWp, including a single order to develop 180 MWp ground-mount projects in Gujarat.
Gensol had also acquired Scorpius Trackers Pvt Ltd, a bankable solar trackers-specialist in India, last financial year. The company’s shares at the Bombay Stock Exchange were today trading at Rs 1,161.05, up 2.02 per cent as compared to previous close.
Source : ET
