Gensol Engineering Limited, a leading player in solar power engineering, procurement, and construction (EPC) services, as well as electric mobility solutions, has recorded significant revenue growth for Q2 FY25, ending on 30th September 2024. The company reported provisional and unaudited revenue from operations exceeding INR 314 Crores, marking a 58% increase compared to INR 199 Crores in the same quarter of the previous year (Q2 FY24).
This strong performance underscores Gensol’s ability to leverage emerging opportunities in the renewable energy sector, further cementing its leadership in the industry.
Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Ltd., commented on the achievement: “This financial performance reflects the company’s robust growth trajectory. We are confident in reaching our guidance of INR 2,000 Crores topline for FY25 at a consolidated level, with the second half contributing the bulk of the revenue, similar to last year. I extend my gratitude to our shareholders, customers, and the Gensol team for their unwavering support, which remains crucial to our success. We remain focused on delivering value and fostering sustainable growth.”
Gensol’s Q2 FY25 revenue figures further solidify its position as a frontrunner in the renewable energy and EPC sectors, with expectations of a strong finish to the fiscal year.
Key Performance Highlights (INR Crore):
- Revenue from Operations (Q2 FY24): 199 Crores
- Revenue from Operations (Q2 FY25): 314 Crores
- Year-on-Year Growth: 58%
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