+
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)              

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?