Gensol Achieves 49 Percent Consolidated Revenue Growth, 52 Percent PAT Increase in H1 FY25
Gensol Engineering reported a 49 percent YoY rise in consolidated revenue and a 52 percent jump in profit after tax for H1 FY25. The key drivers include expanded EPC contracts, growth in solar and e-mobility segments, and strong operational cash flow improvements.
October 28, 2024. By EI News Network
As per the firm, the consolidated revenue rose by 49 percent year-on-year, while profit after tax (PAT) grew by 52 percent, reflecting the company’s strategic expansion into high-growth solar and e-mobility sectors. Gensol’s net debt-to-equity ratio improved to 1.4x by September 30, down from 2.2x on March 31, indicating a strengthened balance sheet.
In H1 FY25, Gensol’s standalone revenue reached INR 642 crore, with a standalone PAT growth of 130 percent to INR 90 crore, achieving a 14.1 percent PAT margin. Consolidated PAT stood at INR 50 crore, impacted by a INR 40 crore investment in subsidiaries focused on solar trackers and e-mobility, areas identified for significant future growth. Cash flow from operations surged to INR 154 crore, up from INR 22 crore in the prior year.
Gensol secured several contracts during the period, including a INR 463 crore EPC contract for a large-scale solar facility at the Khavda Renewable Energy Power Park in Gujarat. The company also won a INR 40 crore repeat order for a rooftop solar project from a prominent textile company and was awarded a 116 MW solar project across 27 locations in Gujarat by Paschim Gujarat Vij Co. Ltd. (PGVCL).
Internationally, Gensol strengthened its Middle East presence with a 23 MW rooftop solar project in Dubai and expanded into the U.S. market with the launch of Delaware-based subsidiary Scorpius Trackers Inc., leveraging extensive experience across global solar markets.
Gensol’s investments in solar tracker technology and electric mobility reflect its commitment to sustainable innovation, positioning the company for continued growth in the renewable energy sector.
please contact: contact@energetica-india.net.
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