Gensol Engineering Reports 42% YoY Revenue Growth

13 Feb 2025 CW Team

Gujarat-based Gensol Engineering reported Rs 3.45 billion in consolidated revenue for Q3 FY 2025, marking a 30% year-over-year (YoY) increase from Rs 2.66 billion. Profit after tax (PAT) rose 6% YoY to Rs 180 million, driven by a strong engineering, procurement, and construction (EPC) order book.

EBITDA for the quarter reached Rs 630 million, up 19% YoY from Rs 530 million. However, earnings per share (EPS) stood at Rs 4.46, slightly lower than Rs 4.79 in Q3 FY 2024.

9M FY 2025 performance

For the first nine months (9M) of FY 2025, Gensol’s revenue surged 42% YoY to Rs 10.56 billion from Rs 7.43 billion. PAT increased 34% YoY to Rs 670 million, while EBITDA jumped 89% YoY to Rs 2.46 billion. EPS for the period stood at Rs 20.64, up from Rs 13.66 last year.

Key operational highlights

Gensol Engineering secured several major EPC contracts, including:

Rs 10.62 billion contract for a 275 MW solar project at RE Solar Park, Khavda, Gujarat.
Rs 9.68 billion contract for a 245 MW solar project at the same location.
Rs 8.97 billion contract with NTPC Renewable Energy for a 225 MW solar project at Gujarat State Electricity Corporation Solar Park.

In total, the company secured Rs 29.28 billion worth of EPC contracts in Q3, according to Chairman and Managing Director Anmol Singh Jaggi.

EV expansion and strategic partnership

Gensol Engineering has 30,000 pre-orders for its EZIO micro urban electric vehicle and recently unveiled the EZIBOT cargo EV. In January, the company partnered with Refex Green Mobility to transfer 2,997 electric four-wheelers, supporting sustainable mobility initiatives. Under the partnership, Refex eVeelz will take over Gensol’s Rs 3.15 billion loan, optimise operations, and expand e4W adoption in Chennai, Bengaluru, Hyderabad, Mumbai, and Pune.

(mercom)

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..