Solar & EV Company Reports Stellar Q3FY25 & 9MFY25 Results; 42% Revenue Growth, 89% EBITDA Growth & 34% PAT Growth on YoY Basis

The stock gave multibagger returns of over 1,000 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with a PE of 34x and an ROE of 20 per cent.

Established in 2012, Gensol Engineering Limited, part of the Gensol group, provides comprehensive engineering, procurement and construction (EPC) services for solar power plants globally, with a proven track record of installing over 770 MW of solar capacity across ground-mounted and rooftop installations. Committed to sustainability, Gensol is revolutionising the Indian EV industry by setting up a state-of-the-art manufacturing facility in Pune for electric three-wheelers and four-wheelers, capable of producing 30,000 vehicles annually. Additionally, they offer extensive EV leasing solutions for passenger, fleet and cargo needs, having already leased over 3,000 EVs with plans to expand significantly. Headquartered in India, Gensol specialises in Solar EPC services, having built solar power plants exceeding 590 MWp globally and is dedicated to advancing clean energy and electric mobility solutions.

According to Quarterly Results, the net sales increased by 30 per cent to Rs 345 crore and net profit increased by 6 per cent to Rs 18 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 42 per cent to Rs 1,056 crore, EBITDA increased by 89 per cent to Rs 246 crore and net profit increased by 34 per cent to Rs 67 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 142 per cent to Rs 963 crore and net profit increased by 129 per cent to Rs 53.5 crore in FY24 compared to FY23.

Gensol Engineering has announced significant progress across its business segments. In its solar division, the company secured three major EPC contracts for solar PV projects in Gujarat, totalling over 700 MW and exceeding Rs 2,900 crores in value. These projects, awarded by prominent entities like NTPC Renewable Energy Limited and a well-known Public Sector Undertaking, include long-term operation and maintenance agreements. In its EV manufacturing segment, Gensol debuted at the Bharat Mobility Global Expo 2025, unveiling its 'EZIO' micro urban vehicle and 'EZIBOT' cargo electric vehicle, with 30,000 pre-orders already secured. Additionally, Gensol has partnered with Refex Green Mobility to transfer 2,997 electric four-wheelers, with Refex taking over Gensol’s Rs 315 crore loan, streamlining operations and expanding e4W use in major Indian cities.

The company has a market cap of over Rs 2,600 crore. The stock gave multibagger returns of over 1,000 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with a PE of 34x and an ROE of 20 per cent. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.