The shares of one of the leading Infrastructure company, specializing in providing engineering, procurement, and construction (EPC) services have declined upto 16 percent following the Q3 results with a 22 percent decline in Profit QoQ.
Price action
With a market capitalization of Rs. 2,270.08 crores on Wednesday, the shares of Gensol Engineering Limited down upto 16 percent making a low of Rs. 585.80 per share compared to its previous closing price of Rs. 703.70 per share.
What Happened
Gensol Engineering Limited specializing in providing engineering, procurement, and construction (EPC) services has announced its Q3 results.
Its Revenue from operations rose by 30 percent YoY from Rs. 264 Crores in Q3FY24 to Rs. 345 Crores in Q3FY25 and it was down by 0.2 percent QoQ from Rs. 346 Crores in Q2FY25 to Rs. 345 Crores in Q3FY25.
Its Net Profit rose by 3.8 percent YoY from Rs. 17.20 Crores in Q3FY24 to Rs. 17.86 Crores in Q3FY25 and it declined by 22 percent QoQ from Rs. 22.93 Crores in Q2FY25 to Rs. 17.86 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 4.46, compared to Rs. 7.75 in the previous quarter and Rs. 4.76 in the same quarter last year.
Segment Revenue
The company has generated revenue through various segments: The Solar EPC segment contributed Rs. 255.85 crores in this quarter, compared to Rs. 262.44 crores in the previous quarter. The Lease segment contributed Rs. 90.53 crore, up from Rs. 87.03 crore in the previous quarter. The EV manufacturing segment did not contribute in either quarter and others segment has contributed Rs. 0.17 crore this quarter, compared to Rs. 0.08 crore in the previous quarter
Gensol Engineering at a glance
Gensol Engineering has a strong foundation in technical advisory services and has grown significantly over the years. The company currently boasts over 33,693 MW+ in its portfolio. In the trailing twelve months (TTM), it has reported a total revenue of Rs. 1,477 Crore and has an unexecuted order pipeline worth Rs. 3,400 Crore.
The company also has contracts worth over Rs. 2,000 Crore under award and a total renewable revenue visibility exceeding Rs. 8,300 Crore.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
