Rs 5,025 Crore Order Book: Solar EPC & Electric Mobility Solutions Records Revenue Of Rs 314 Crore in Q2FY25; Growth Of 58 Per Cent YoY
The stock’s 52-week high is Rs 1,377.10 per share while the stock is up by 35.3 per cent from its 52-week low of Rs 638.11 per share.
Today, shares of Gensol Engineering Ltd jumped over 7 per cent to Rs 886.55 per share from its previous closing of Rs 825.75 per share. The stock’s 52-week high is Rs 1,377.10 per share while the stock is up by 39 per cent from its 52-week low of Rs 638.11 per share.
Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar power engineering, procurement and construction (EPC) services, and electric mobility solutions, recorded revenue from operations, surpassing Rs 314 crore (provisional and unaudited) in Q2FY25 ending on September 30, 2024 (Q2FY25). This remarkable achievement represents a growth rate of 58 per cent compared to the quarter two of the previous financial year. The corresponding figure for the previous year (Q2FY24) was at Rs 199 crore. Gensol's performance emphasises its position as a frontrunner in the industry.
Upon achieving this revenue in Q2 FY25, Mr Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Ltd. said, “This financial performance of the company reflects robust and commendable growth trajectory We continue to stand by our guidance of Rs 2,000 crore topline for FY25 at the consolidated level, with H2 contributing the bulk of the revenue on the same lines as last year. I thank all the shareholders, customers and the Gensol family for their continued support that is vital to our success, and we remain dedicated to delivering value and sustainable growth.”
Gensol Engineering Ltd. has received a boost from the increased investment by the promoter Mr Anmol Singh Jaggi, who has acquired 12,000 equity shares, raising his stake to 21.1703 per cent. This aligns with the company's growth trajectory, especially as it partners with Matrix Gas & Renewables Ltd to establish India's first Green Hydrogen Valley in Pune. The joint venture, Gensol-Matrix, will produce Green Hydrogen for the Specialty Chemical sector for the next 20 years. Additionally, Gensol's Board has approved strategic initiatives like increasing the QIP issue size to Rs 750 crore and expanding its authorized share capital to Rs 75 crore, reflecting its commitment to growth and diversification in the renewable energy sector.
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About Gensol Engineering Ltd
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 revolutionizing 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 specializes in Solar EPC services, having built solar power plants exceeding 590 MWp globally, and is dedicated to advancing clean energy and electric mobility solutions.
The promoters of the company bought 53,945 shares and increased their stake to 62.77 per cent in June 2024 compared to 62.63 per cent in March 2024. The company has a market cap of over Rs 3,200 crore and as of June 2024, the company has an order book of Rs 5,025 crore. The shares of the company ex-traded bonus shares in the ratio 2:1 on October 17, 2023. The stock gave multibagger returns of over 3,750 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 57x and an ROE of 21 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.