Gensol Engineering Limited reports consolidated 9MFY25 42% Revenue growth, 89
City Air News
Feb 12, 2025 07:00
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Bengaluru, February 12, 2025: Gensol Engineering Limited (BSE: 542851) (NSE: GENSOL), a prominent player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, today announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25).
Commenting on the overall performance of the Company, Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd. said, “India’s renewable energy story is unfolding at a remarkable pace. With country touching 100 GW solar installed capacity, we have witnessed a watershed moment. This milestone underscores the effectiveness of government policies and increasing investments. Gensol's strong performance reflects this positive momentum. In Q3, we've secured major solar EPC contracts totalling Rs. 2,928 crores, bolstering our order book. Our EV business is also gaining traction, with 30,000 pre-orders for our 'EZIO' micro urban vehicle and 'EZIBOT' cargo EV unveiled at Bharat Mobility Global Expo 2025. The transfer of 2,997 e4Ws through our partnership with Refex Green Mobility not only demonstrated our commitment to electric mobility but substantially deleveraged our balance sheet. Looking ahead, we'll continue to drive clean energy solutions across solar EPC, EVs, battery storage, and green hydrogen, strengthening our market position and creating long-term value for our stakeholders.
