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Gensol Engineering Records Highest Ever Revenue of INR 960 Crores in FY24

Gensol Engineering Limited recorded its highest ever revenue from operations, surpassing INR 960 Crores (provisional and unaudited) in the financial year ending on March 31, 2024.

April 03, 2024. By News Bureau

Gensol Engineering Limited recorded its highest ever revenue from operations, surpassing INR 960 Crores (provisional and unaudited) in the financial year ending on March 31, 2024.

This remarkable achievement represents an extraordinary growth rate of 141% compared to the previous financial year. The corresponding figure for the previous year was at INR 398 Crores.

Gensol's exceptional performance emphasises its position as a frontrunner in the industry, demonstrating its ability to capitalise on emerging opportunities and deliver value to its stakeholders.

Upon achieving this notable revenue in FY24, Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd. said, “This financial performance of the company reflects 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. I thank all the shareholders, customers and the Gensol family for their continued support that is vital to our success, and we remain dedicated to delivering value and sustainable growth.”
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