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 Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..