Gensol Engineering shares hits upper circuit; jump 5 pc
- Country:
- India
Shares of Gensol Engineering jumped 5 per cent in the morning session on Wednesday to hit the maximum permissible limit for the day, after the company said it has recorded the highest-ever revenue of Rs 960 crore in FY24.
The stock of the company hit the upper circuit and climbed 5 per cent each on BSE and NSE to touch Rs 948.95 and 948.25 apiece, respectively.
In the morning trade, the 30-share BSE Sensex went up 37.42 points or 0.05 per cent to 73,941.33, while NSE Nifty rose 7.20 points or 0.03 per cent to 22,460.50.
In a regulatory filing on Wednesday, Gensol Engineering said it has recorded the highest-ever revenue of Rs 960 crore in FY24 with a growth of 141 per cent year-on-year.
The corresponding (revenue) figure for the previous year was at Rs 398 crore, the company said.
According to the filing, Gensol Engineering Ltd recorded its highest-ever revenue from operations, surpassing Rs 960 crore (provisional and unaudited) in the financial year ending March 31, 2024.
This represents a growth rate of 141 per cent compared to the previous financial year, it added.
Established in 2012, Gensol Engineering Ltd is a part of the Gensol group of companies, which offers Engineering, Procurement, and Construction (EPC) services for the development of solar power plants.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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