This Multibagger Stocks To Remain In Focus Tomorrow As Company's Q2 Profit Rises 29%

New Delhi: Gensol Engineering shares will be in focus on Monday as the leading player in the renewable energy and electric mobility space has reported a 29 per cent year-on-year rise in net profit for the second quarter of FY25. The company's net profit after tax (PAT) stood at Rs 22.93 crore, compared to Rs 17.

71 crore in the same period last year, according to its exchange filing. Gensol Engineering Ltd Q2 Results: Total IncomeGensol's total income increased to Rs 346.82 crore in the July-September quarter from Rs 304.



87 crore in the same quarter of the previous fiscal year. Meanwhile, the company's expenses reduced to Rs 239.88 crore from Rs 257.

51 crore in the corresponding period. Gensol Q2 Earnings: Net ProfitGensol Engineering reported a net profit of Rs 17.71 crore in the same quarter last year.

For the quarter ended September 30, 2024, the PAT margin improved by 80 basis points (bps) year-on-year to 6.6 per cent. Gensol Engineering Q2 Results: EBITDA MarginThe company also saw a remarkable expansion in its EBITDA margin, which surged by 1,530 bps to 308 per cent YoY.

Gensol’s total expenses during the quarter dropped to Rs 239.88 crore, compared to Rs 257.51 crore in the corresponding period last year.

Gensol Engineering: Investment ExpansionDuring the quarter, Gensol issued 129,537 equity shares to holders of share warrants as part of a board-approved plan on August 23, 2024. It also expanded investments in key subsidiaries, acquiring 10,02,500 shares of Gensol EV Lease Private Limited and 10,800 shares of Green Energy Trading LLC. These investments totaled Rs 10.

02 crore and Rs 24.53 crore, respectively, raising Gensol’s stakes to 88.21 per cent and 100 per cent in the two subsidiaries.

Also Read: Adani Group To Acquire 73% Stake In ITD Cementation For Rs 5,759 Crore Additionally, Gensol acquired Scorpius Trackers Inc. by purchasing 20,00,000 shares for Rs 17.44 lakh, making it a 100 per cent subsidiary.

Gensol Engineering Share Price PerformanceGensol Engineering's stock has delivered a significant return to investors. The shares are up by 4,437.4 per cent since its BSE SME listing on October 15, 2019.

At the time of listing, the stock was priced at Rs 85.4 per share. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.

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