The shares of one of the leading Renewable energy stocks, specializing in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector, in focus following the announcement of 30,000 Pre-orders for EZIO and EZIBOT at Bharat Mobility Expo 2025.
Price action
With a market capitalization of Rs. 2,599.75 crores on Tuesday, the shares of Gensol Engineering Limited are trading at Rs. 652 down by 4.6 percent making a low of Rs. 650.25 per share compared to its previous closing price of Rs. 682.70 per share.
What Happened
Gensol Engineering Limited’s subsidiary Gensol EV has announced that it has received 30,000 pre-orders for its innovative electric vehicles, EZIO and EZIBOT, that was launched at the Bharat Mobility Expo 2025.
EZIO is a compact, 2-door, 2-seater vehicle designed for urban commuting, featuring a reverse trike design that enhances energy efficiency and maneuverability. It offers a range of 200 km on a single charge and costs up to 80 percent less to operate than petrol vehicles.
EZIBOT is designed for last-mile delivery and cargo. Both vehicles have garnered strong interest from fleet operators, showcasing Gensol EV’s commitment to affordable, sustainable, and innovative mobility solutions.
Management Commentary
Anmol Singh Jaggi, Managing Director, Gensol Engineering Ltd. said, “The Bharat Mobility Show provided the perfect platform to showcase EZIO, a vehicle that redefines urban commuting for the Indian market. At Gensol EV, we focus on creating world-class, purpose-driven mobility solutions that address real challenges— like traffic congestion, rising pollution, and the need for affordable fleet operations. EZIO represents our commitment to building sustainable and innovative products made in India for India.”
Pratik Gupta, CEO, of Gensol EV added, “With the growing demand for eco-friendly and cost-efficient mobility, EZIO is designed to lead the way in shared urban transportation. Its cutting-edge features, including compact design, superior range, and affordability, cater specifically to the needs of fleet operators.
With 30,000 pre-orders already secured from existing fleet operators for EZIO and EZIBOT. As launch in urban markets like Bangalore and Delhi, we aim to accelerate India’s transition to smarter, greener mobility solutions”.
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 has a total renewable revenue visibility exceeding Rs. 8,300 Crore.
Financials
The company’s revenue rose by 68.9 percent from Rs 205.31 crore to Rs 346.82 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 11.53 crore to Rs 29.38 crore during the same period.
Written by Sridhar J
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