According to exchange filings, Gensol Engineering reported a 29% rise in net profit after tax to ₹22.93 crore on a consolidated basis for the September 2024 quarter as against ₹17.71 crore in the same period last year.
Gensol Engineering shares have declined by 9.52% in the last one year, and by 7.5% since the beginning of the year. Gensol Engineering shares closed at ₹788 on October 25, 2024, down 7.26% from the previous close.
The company’s total income rose to ₹346.82 crore in the July-September quarter from ₹304.87 crore in the same quarter of the previous fiscal. Operating expenses declined to ₹239.88 crore from ₹257.51 crore in the same quarter of the previous year, reflecting better cost management.
Gensol Engineering is a leading company in the renewable energy sector, specialising in solar power engineering, procurement and construction (EPC) services as well as electric mobility solutions.
Gensol Engineering reports 29% profit jump in Q2
