Gensol Engineering Reports 42% YoY Revenue Growth
ECONOMY & POLICY

Gensol Engineering Reports 42% YoY Revenue Growth

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)
              

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 performanceFor 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 highlightsGensol 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 partnershipGensol 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)              

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code