Gensol Engineering Q3 Results: Consolidated Net Profit of Rs 12.31 Crore

Gensol Engineering is part of the Gensol group of companies that provides engineering, procurement and construction (EPC) services for the development of solar power plants.

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Market News: Gensol Engineering Ltd (GEL) has returned to its black position and posted a consolidated net profit of Rs 12.31 crore in the quarter ended December 2023. According to the stock exchange filing on Monday, the company has clocked a net loss of Rs 1.90 crore in the October-December period of the previous period. Financial year 2022-2023.

Gensol Engineering is part of the Gensol group of companies that provides engineering, procurement and construction (EPC) services for the development of solar power plants.

In the same period a year ago, Gensol Engineering Ltd's total revenue rose to Rs 227.12 crore from Rs 52.22 crore during the said quarter. Expenses stood at Rs 209.71 crore in the period under review, compared to Rs 48.49 crore in October-December last year.

Gensol Engineering has set up an electric vehicle (EV) manufacturing facility in Pune to develop battery-based three-wheelers and four-wheelers.

(With PTI inputs)