Gensol Engineering revenue rises 141% to INR 960 crore in FY24

Source : PTI | Gensol Engineering on Wednesday said it has recorded the highest-ever revenue of INR 960 crores in FY24 with a growth of 141% Year on Year (YoY). The corresponding (revenue) figure for the previous year was at INR 398 crore, a company statement said.

According to the statement, Gensol Engineering Ltd recorded its highest-ever revenue from operations, surpassing INR 960 crore (provisional and unaudited) in the financial year ending on March 31, 2024.

This represents a growth rate of 141% compared to the previous financial year, it stated.

Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd, said in the statement, “This financial performance of the company reflects a robust and commendable growth trajectory exceeding the guidance given in our last earnings conference call in January 2024.”

This achievement solidifies our status as a frontrunner in the renewable energy industry, emphasising our unwavering commitment to growth, he said.

Established in 2012, Gensol Engineering Ltd is a part of the Gensol group of companies, which offers Engineering, Procurement, and Construction (EPC) services for the development of solar power plants.