Gensol Engineering Ltd reaches revenue milestone of Rs. 180 crores in H1FY23

During the first half of the current fiscal 2023, Gensol Engineering Ltd has reached the important revenue milestone of INR 18000 lakhs, registered a sturdy 449% growth when compared with INR 3281.03 lakhs reported in the same period in the previous fiscal 2022.

During the second quarter, revenues for Gensol continued their forward march on the back of its unflagging quest for excellence, customer delight and strong collaboration with the vendors and continued strong focus on the quality of services. The Company is inclined to believe that the solid results illustrate the ongoing positive momentum in this business and remains optimistic about the remaining period of this fiscal. 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 at the end of ongoing fiscal; 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.

Source : Equity Bulls

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GensolEngineering H1FY23 BusinessUpdate OperationalUpdate