Gensol Share Price in Focus as It Commissions Ground-mounted Solar Plant in Jharkhand

Gensol share price was down 5.01% and was trading at ₹132.66 at 9.25 AM on Friday. It has commissioned a new ground-mounted solar power plant in Panchet, Jharkhand. The company also plans to diversify into electric mobility, battery storage, and green hydrogen. 

Clean Energy Output and Environmental Impact

The plant is designed to generate more than 15 million units of clean energy annually. It will play a key role in helping Jharkhand reduce its dependence on fossil fuels and meet its sustainability targets. The project is expected to reduce CO₂ emissions by approximately 21,000 metric tonnes every year.

Gensol believes that industrial-scale solar plants are essential for India’s transition towards clean energy and its long-term net-zero goals. The company stated that such projects are not only environmentally beneficial but also economically scalable.

Financial Performance of Gensol Engineering 

Gensol reported robust financial growth in Q3 FY25. Its net sales rose by 30% to ₹345 crore, while net profit increased by 6% to ₹18 crore compared to Q3 FY24. For the nine months ending December 2024 (9MFY25), net sales surged 42% to ₹1,056 crore. EBITDA rose by 89% to ₹246 crore, and net profit jumped 34% to ₹67 crore.

For the full year ending FY23, Gensol recorded a 142% increase in net sales to ₹336 crore and a 129% rise in net profit to ₹53.5 crore. These numbers reflect the company’s rapid growth and strong market presence.

Gensol Share Price Performance 

Despite a current decline of over 80% from its 52-week high of ₹1,125.75, Gensol’s long-term performance remains strong. It has delivered returns of over 500% in the last 5 years. The company maintains a 52.1% CAGR in profit over 5 years, along with a 9x PE ratio and 20% ROE.

As of 31 December 2024, Gensol had a market capitalisation of ₹533 crore and an order book worth ₹7,000 crore. Founded in 2012, the company has delivered over 770 MW of solar EPC projects and employs more than 500 people.

Conclusion

Gensol’s commissioning of the Jharkhand solar plant highlights its technical capabilities and commitment to clean energy. With strong financials and strategic planning, the company is well-positioned for future growth in renewable energy and sustainable technologies.

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