Gensol Engineering Posts 29% Profit Surge in Q2

27 Oct 2024 , 03:06 PM

Gensol Engineering reported a 29% increase in net profit after tax, reaching ₹22.93 Crore on a consolidated basis for the September 2024 quarter, compared to ₹17.71 Crore in the same period last year, as per an exchange filing.

Gensol Engineering stocks has witnessed a 9.52% dip in the last one year, and 7.5% dip since the beginning of the year. On October 25, 2024, Gensol Engineering stocks closed at ₹788 which is a 7.26% dip than the previous close.

The company’s total income grew to ₹346.82 Crore for the July-September quarter, up from ₹304.87 Crore in the corresponding quarter of the previous fiscal year. Operating expenses were reduced to ₹239.88 Crore, down from ₹257.51 Crore in the year-ago period, demonstrating improved cost management.

Gensol Engineering is a prominent player in the renewable energy sector, specializing in solar power engineering, procurement, and construction (EPC) services, as well as electric mobility solutions.