Gensol Engineering Reports 29% Rise in Q2 Net Profit

28 Oct 2024 CW Team

Gensol Engineering announced a remarkable 29% increase in its net profit after tax for the September quarter, reaching ?22.93 crore compared to ?17.71 crore during the same period last year. The company's total income also saw significant growth, rising to ?346.82 crore, up from ?304.87 crore in the preceding year's July-September quarter.

The firm effectively managed its expenses, reducing them to ?239.88 crore from ?257.51 crore in the prior year. This strategic cost management contributed to the company's robust performance in the renewable energy sector, where it specializes in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.

Gensol Engineering continues to position itself as a leading player in the renewable energy market, leveraging its expertise to drive growth and profitability in a rapidly evolving industry.

Infrastructure Energy

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