Gensol Announces Financial Growth Along With Stock Split After Commissioning 15 Million Unit Solar Plant

Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), one of the leaders in the renewable energy sector in India, has ceremonially commissioned a ground-mounted solar power plant located in Panchet, Dhanbad district, Jharkhand. The plant has been developed under a 40 crore EPC contract and gives Gensol a comprehensive advantage in engineering complex solar installations, considering the geological limitations of the site. The plant is built on an area of 40 acres and is equipped with a 5-year operation and maintenance (O&M) contract.

The plant is designed to achieve clean energy production of more than 15 million units per year. It will enable commercial operations of solar energy while also enabling Jharkhand to achieve its sustainability ambitions. The site had a number of problems, like loose soil, hard rock, and former mining excavations. Gensol utilized advanced Mounting Structure Systems with high-efficiency PV modules to overcome these challenges and ensure output from steep terrain. The project is anticipated to reduce CO2 emissions by approximately 21000 metric tonnes on an annual basis.

This plant commissioning improves the renewable energy balance in Jharkhand and curtails the dependence on fossil fuels with growing power needs and consumption.

Through this project, we hope to further aid India's transition efforts toward clean energy and net-zero goals. Also, achieving these goals through efficient, industrial, and scalable solar-powered plants makes it good for the environment, the company provides in their statement.

Earlier this month, Gensol made strong strategic decisions under the stock policy and capital restructuring. The administration split each share into ten parts, separating the face value shares from Rs 10 to Rs 1, increasing the count up to tenfold. This was expected to improve the stock's liquidity alongside the accessibility for retail clients. The participation of investors is anticipated to surge along with the market's trading volumes after some time. The record date for such changes will be provided soon.

Gensol also reported strong financial performance throughout the quarterly and annual results. In the Q3 of the fiscal year 2025, the net sales increased by 30 percent and reached Rs 345 crore, whereas the net profit increased by 6 percent and reached Rs 18 crore when compared to the third quarter of the twenty-fourth financial year. In the nine months period that ended in December of twenty-four (9MFY25), the net sales leverage surged to Rs 1,056 crore with a huge 42% increase, which, along with an 89% surge in EBITDA, also led to the astonishingly high Rs 246 crore: net profit climbed alongside at 34% and hit Rs 67 crore compared to this period in FY24.

Such companies are recording new figures regularly these days. On a yearly basis, after completing the fiscal year on twenty-three, the company pulled out a massive 142% surge in the net sales, hitting Rs 336 crore alongside the net profit set on an astonishing Rs 53.5 crore, making it up 129% increase in comparison with the past fiscal year.

Gensol has shown strong business traction with a market capitalization of Rs 533 crores and an order book value of Rs 7,000 crores as of December 31, 2024.

Even though the stock price is currently down 87.6% from its 52-week high of Rs 1,125.75, the company has provided returns of more than 500% in the last five years. Gensol has been consistently profitable with a 52.1% CAGR in profit for five years, 9x PE ratio, and 20% ROE.

Gensol was founded in 2012 and has already delivered more than 770 MW of solar EPC projects. The company, which has over 500 employees, is expanding into electric mobility with EV leasing and manufacturing, battery energy storage, and green hydrogen, and it is actively growing its presence in India and the Middle East.