Gensol Engineering's revenue crosses significant Rs18,000 lakh mark in H1FY23; stock jumps ~2%

10 Oct 2022 , 09:22 AM

During the first half of the current fiscal 2023, Gensol Engineering attained a significant revenue milestone of Rs18,000 lakhs, representing a strong 449% y-o-y increase against Rs3,281.03 crore in the same period in previous fiscal 2022.

During the second quarter, Gensol’s sales continued to grow as a result of its unwavering pursuit of excellence, customer satisfaction, and excellent collaboration with vendors, as well as a continued strong focus on service quality.

The company believes that the good results demonstrate the business’s continuous positive momentum and is enthusiastic about the remainder of this fiscal year. The company continues to expand its national reach while increasing project sizes, demonstrating its sharpened project delivery expertise.

The company anticipates the same increase by the conclusion of the current fiscal year. However, the company’s projections for future quarter performance are based on information available at the time of this release and are subject to changing factors, many of which are beyond the company’s control, said the company in its media release.

At around 9.25 AM, Gensol Engineering was trading 1.71% higher at Rs1,379.90, against previous close of Rs1,356.70 on NSE. The counter hit an intraday high and low of Rs1,388 and Rs1,340 respectively, so far.

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