Gensol Engineering Revenue Soars 141% to Rs 960 Crore in FY24
By Rediff Money Desk, NEWDELHI Apr 03, 2024 10:01
Gensol Engineering has reported a record revenue of Rs 960 crore in FY24, marking a 141% YoY growth. The company attributes this success to its strong focus on renewable energy.
New Delhi, Apr 3 (PTI) Gensol Engineering on Wednesday said it has recorded the highest-ever revenue of Rs 960 crores in FY24 with a growth of 141 per cent Year on Year (YoY).
The corresponding (revenue) figure for the previous year was at Rs 398 crore, a company statement said.
According to the statement, Gensol Engineering Ltd recorded its highest-ever revenue from operations, surpassing Rs 960 crore (provisional and unaudited) in the financial year ending on March 31, 2024.
This represents a growth rate of 141 per cent compared to the previous financial year, it stated.
Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd, said in the statement, "This financial performance of the company reflects a robust and commendable growth trajectory exceeding the guidance given in our last earnings conference call in January 2024."
This achievement solidifies our status as a frontrunner in the renewable energy industry, emphasising our unwavering commitment to growth, he said.
Established in 2012, Gensol Engineering Ltd is a part of the Gensol group of companies, which offers Engineering, Procurement, and Construction (EPC) services for the development of solar power plants.
The corresponding (revenue) figure for the previous year was at Rs 398 crore, a company statement said.
According to the statement, Gensol Engineering Ltd recorded its highest-ever revenue from operations, surpassing Rs 960 crore (provisional and unaudited) in the financial year ending on March 31, 2024.
This represents a growth rate of 141 per cent compared to the previous financial year, it stated.
Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd, said in the statement, "This financial performance of the company reflects a robust and commendable growth trajectory exceeding the guidance given in our last earnings conference call in January 2024."
This achievement solidifies our status as a frontrunner in the renewable energy industry, emphasising our unwavering commitment to growth, he said.
Established in 2012, Gensol Engineering Ltd is a part of the Gensol group of companies, which offers Engineering, Procurement, and Construction (EPC) services for the development of solar power plants.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 96270207
- Franklin Industries
- 3.90 (+ 4.56)
- 27501642
- Vodafone Idea L
- 16.18 ( -3.63)
- 21311560
- Indian Renewable
- 259.90 ( -4.54)
- 14228151
- AvanceTechnologies
- 0.90 ( -1.10)
- 11518579
MORE NEWS
Wipro Transfers Stake in Financial Outsourcing...
Wipro Holdings (UK) has transferred its entire stake in Wipro Financial Outsourcing...
Indian Markets Turn Negative After Record Highs
Indian stock markets experienced volatility on Thursday, turning negative after...
ASK Property Fund Invests Rs 190 Cr in...
ASK Property Fund has invested Rs 190 crore in a real estate project being developed by...