Gensol Engineering Reports 310% Increase In Net Profit In Q4

Gensol Engineering today released its financial results for Q4 and also for the financial year. The renewable energy company has now reported a 310 percent increase in its net profit in Q4 on a Year-on-Year (basis). 

The filings of the firm before the BSE said that the company reported a total profit after tax of Rs 8.48 crore in Q4 of FY23. On the other hand its total net profit increased to Rs 34.82 crore in Q4 of Fy24, indicating a 310 percent rise. On a quarter basis also the company’s profits swelled from Rs 17.54 crore to Rs 34.82 crore, reporting a 50 percent rise. 

On an annual basis, the company saw a rise of annual profits from Rs 34.55 crore to Rs 108.02 crore. On the other hand, the company also reported surge in its total revenues.