Gensol Engineering net profit grows 29% to ₹23 crore in September quarter – EQ
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In Short : Sunsure Energy has commissioned a 49 MW solar project in Uttar Pradesh, contributing to the region’s renewable energy capacity. This initiative supports India’s goal of achieving 100 GW of solar power by 2022 and aims to reduce reliance on fossil fuels. The project also promises to create local job opportunities while promoting sustainable energy practices in the community.
In Detail : Gensol Engineering on Friday posted a 29% rise in ₹22.93 crore net profit after tax on a consolidated basis during the September quarter. The company had posted ₹17.71 crore “net profit after taxes attributable to shareholders of the company” in the same period a year ago, it said in an exchange filing.
The company’s total income rose to ₹346.82 crore in the quarter under review, from ₹304.87 crore in the July-September quarter of the preceding 2023-24 fiscal.
Expenses trimmed to ₹239.88 crore from ₹257.51 crore in the year-ago quarter.
Gensol Engineering is a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.
