Gensol Engineering announced a 29% growth in its consolidated net profit after tax, reaching ₹22.93 crore for the September quarter. This marks a rise from ₹17.71 crore during the same period last year. The company also reported total income of ₹346.82 crore, up from ₹304.87 crore in the previous year’s July-September quarter. Notably, expenses decreased to ₹239.88 crore from ₹257.51 crore year-over-year.
Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Ltd., stated, “India’s renewable energy sector is experiencing remarkable growth, propelled by ambitious goals and robust government backing. In this evolving landscape, Gensol is ideally positioned to play a crucial role in promoting renewable energy solutions. Our journey has been transformative, shifting from a solar-focused enterprise to a comprehensive leader in renewable energy. Our sustained and substantial growth reflects our dedication, innovation, and flexibility. By expanding our core solar services and strategically venturing into electric vehicles (EVs), leasing, battery energy storage, and green hydrogen, we are enhancing our capacity to deliver value across India’s renewable energy sector.”
He further remarked, “As we look to the future, Gensol’s strategy remains clear and ambitious. We are dedicated to investing in clean energy and focusing on innovation in solar, EVs, battery energy storage, and green hydrogen technologies. Our goal is to be a reliable partner in India’s journey toward a sustainable energy future, and we are committed to providing long-term value to our shareholders and customers, ultimately contributing to a resilient and sustainable future for all.”
Gensol is strategically expanding its offerings in solar energy, electric vehicles (EVs), battery storage, and green hydrogen technologies. The company recently issued 129,537 equity shares at ₹10 each to holders of share warrants and made significant investments in Gensol EV Lease Private Limited and Green Energy Trading LLC, boosting its stakes to 88.21% and 100%, respectively. Additionally, Gensol acquired a 100% stake in Scorpius Trackers Inc., further solidifying its position in the renewable energy sector, which includes engineering, procurement, and construction (EPC) services.
Gensol Engineering is a prominent Indian company specializing in providing comprehensive renewable energy solutions, with a strong focus on solar energy. Headquartered in Ahmedabad, Gensol offers a wide range of services, including solar project design, engineering, procurement, construction (EPC), and operations and maintenance (O&M) for both utility-scale and rooftop solar installations.
The company is known for its expertise in delivering customized, cost-effective solar solutions that help clients transition to clean energy while optimizing efficiency and reducing carbon footprints. With a commitment to innovation and sustainability, Gensol has successfully executed numerous solar power projects across India and internationally.
It also offers advisory services for energy efficiency and policy development, reinforcing its position as a key player in India’s renewable energy sector and contributing to the nation’s goal of increasing its renewable energy capacity. Through its cutting-edge solutions and dedication to sustainability, Gensol Engineering is driving the shift toward a greener future.
