Gensol engineering share: Jansol engineering shares saw a major decline of up to 17 per cent on 12 February today. Currently, this stock has fallen by 14.50 per cent on BSE at Rs 601.65. In Intrade, the stock touched its 52-vende of Rs 582.60. Indeed, the company has introduced weak results in the third quarter of FY25. After this news, the company’s shares are selling fiercely today. With today’s decline, the company’s market cap declined to Rs 2,294.40 crore. The 52-wheel high of the stock is Rs 1,377.10.
Quarterly results of gensol engineering
Jansol Engineering recorded a 6.1 per cent decline in net profit in the December quarter, which stood at Rs 16.9 crore as compared to Rs 18 crore in the same period last year. The company’s profits declined due to weakness in operational performance. The Ebitda margin declined to 18.1 per cent in the third quarter, which was 19.6 per cent in the same period last year. However, the revenue saw a strong growth of 30.5 per cent, which increased from Rs 264 crore to Rs 344.5 crore annually.
Gensol Engineering received many orders
During this quarter, Jansol Engineering received several major engineering-procurement-construction (EPC) contracts, including an important contract from a reputed public sector company for the development of 275 MW solar PV projects in Gujarat. The total bid amount of this project is around Rs 1061.97 crore, including three years of operation and maintenance (O&M) services.
In addition, Jansol Engineering achieved a contract with NTPC Renewable Energy for the development of 225 MW-A (276 MWDC) solar PV system at GSECL Solar Park in Gujarat. The price of this project is Rs 897.5 crore. In addition, the company has recently achieved another EPC contract of Rs 968 crore for 245 MW solar PV project in Gujarat. This contract also includes three -year -old composite O & M services.
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