Gensol Engineering hits 52-week high post positive Q3 earnings

12 Jan 2022 , 09:23 AM

Gensol Engineering has informed to the exchanges that the company has performed well in the last quarter ended December 31, 2021 (Q3) despite the formidable challenges posed by ongoing pandemic of Covid-19, which has raised its head again in form of a new variant, namely Omicron.

As per regulatory filing, the company’s unwavering commitment towards creation of shareholder value through its immutable spirit to excel has kept it unfazed in face of all the challenges. Gensol has ensured that the work across the sites was not debilitated and it has managed to achieve the satisfaction and happiness of its customers in these difficult times, said the company.

Revenue from operations:
In the quarter – III ended December 31, 2021 itself, the company has clocked revenues from operations worth Rs3058.18 lakhs in comparison to Rs3281.03 lakhs that was achieved during the half year ended on September 30, 2021, illustrating the momentum that has driven its operations.

The revenue from operations registered in quarter III ended December 31, 2021 is nearly at par with corresponding number achieved during the half year ended September 30, 2021. The company is expecting the same growth in the quarter IV of 2021-2022.

At around 9:22 AM, Gensol Engineering was trading at Rs141.50 per piece, after hitting 52-week high at Rs143 per piece on Sensex.