Gensol Engineering Ltd crosses revenue milestone of Rs. 100 crores in Q1 FY23

For Q1 FY23, Gensol Engineering Limited has crossed the important revenue milestone of INR 100 Crores, which is a strong harbinger of growth, keeping in mind that the company had reported a total standalone revenue of INR 155.85 Crores during the entire FY22.

Q1 FY23 saw record quarterly revenues for Gensol Engineering Ltd. on the back of its unswerving commitment to quality, customer delight and strong collaboration with the vendors and continued strong focus on the quality of services. The Company believes that the solid results illustrate the ongoing positive momentum in the renewable energy sector and remains optimistic about the remaining period of this fiscal year. The Company continues to grow its national footprint while concurrently increasing its project sizes, which testifies to its sharpening project delivery skills.

The Company is expecting the same growth trend to continue; however, the Company's expectations regarding the Company's performance in any future quarter are based on information available at the time of this release, and are subject to changing conditions, many of which are outside of the Company's control.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 789.90 as compared to the previous close of Rs. 752.30. The total number of shares traded during the day was 29260 in over 38 trades.

The stock hit an intraday high of Rs. 789.90 and intraday low of 787.00. The net turnover during the day was Rs. 23098854.00.

Source : Equity Bulls

Keywords

GensolEngineering INE06H201014 RevenueMilestone Q1FY23