The shares of one of the leading Infrastructure company, specializing in providing engineering, procurement, and construction (EPC) services have declined upto 5 percent following a Bulk deal involving promoter Anmol Singh Jaggi.
Price action
With a market capitalization of Rs. 2,070.37 crores on Tuesday, the shares of Gensol Engineering Limited were down upto 5 percent making a low of Rs. 538.60 per share compared to its previous closing price of Rs. 566.10 per share.
What Happened
Gensol Engineering Limited, a company engaged in providing engineering, procurement, and construction (EPC) services, recently experienced a bulk deal, in which its promoter Anmol Singh Jaggi sold 2.15 lakh equity shares which consists of 0.56 percent stake at Rs. 533.05 apiece on February 17, resulting in a total value of around Rs. 11.46 Crores.
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 other segments have 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. 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 an award and a total renewable revenue visibility exceeding Rs. 8,300 Crore
Financials
The company’s total revenue rose by 52 percent from Rs. 227.13 crore to Rs. 345.34 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 13.12 crore to Rs. 16.91 crore during the same period.
Written by Sridhar J
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