Net profit of Gensol Engineering rose 232.15% to Rs 24.28 crore in the quarter ended March 2024 as against Rs 7.31 crore during the previous quarter ended March 2023. Sales rose 143.29% to Rs 398.82 crore in the quarter ended March 2024 as against Rs 163.93 crore during the previous quarter ended March 2023.For the full year,net profit rose 154.38% to Rs 59.55 crore in the year ended March 2024 as against Rs 23.41 crore during the previous year ended March 2023. Sales rose 142.00% to Rs 963.10 crore in the year ended March 2024 as against Rs 397.97 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales398.82163.93 143 963.10397.97 142 OPM %19.7517.82 -23.6319.31 - PBDT52.8820.25 161 152.2458.55 160 PBT28.9210.60 173 77.9933.18 135 NP24.287.31 232 59.5523.41 154 Powered by Capital Market - Live News

Gensol Engineering has appointed Shilpa Urhekar as the Chief Executive Officer (CEO) of Gensol Engineering`s Solar EPC (India) business. Powered by Capital Market - Live News

Gensol Engineering has received significant order book that stands at an impressive Rs. 1783 crore in the beginning of FY25, signaling a promising year and solidifying its position as a key player in the renewable energy and electric mobility industry. Gensol`s diverse order book showcases its involvement in multiple sectors, each contributing significantly to its overall portfolio. These include solar EPC business and EV leasing business contributing Rs 1448 crore and Rs 335 crore respectively.  Powered by Capital Market - Live News

Gensol Engineering recorded its highest ever revenue from operations, surpassing Rs. 960 crore (provisional and unaudited) in the financial year ending on 31 March 2024. This remarkable achievement represents an extraordinary growth rate of 141% compared to the previous financial year. The corresponding figure for the previous year was at Rs. 398 crore. Gensol`s exceptional performance emphasises its position as a frontrunner in the industry, demonstrating its ability to capitalise on emerging opportunities and deliver value to its stakeholders.Powered by Capital Market - Live News

Scorpius Trackers, a leading solar tracking technology company and subsidiary of Gensol Engineering announced the achievement of reaching a significant milestone of 1000 MW + in contracted orders across India, Japan, Saudi Arabia and Uganda solidifying its position as a key player in the global solar tracking industry.<p>With a steadfast commitment to excellence, Scorpius Trackers has established itself as a frontrunner in delivering reliable and bankable single-axis trackers. The company`s cuttingedge solar tracking technology featuring maintenance-free bearings, real-time GPSenabled tracking, IoT (Internet of Things), Supervisory Control and Data Acquisition (SCADA), has set new benchmarks for efficiency and performance in solar power generation. Powered by Capital Market - Live News