This multibagger renewable sector stock has a positive announcement for its shareholders!

In Q4 FY 2021-22, Gensol revenue increases by 190 per cent year over year. The company performed well in the last quarter, which concluded on March 31, 2022 (Q4). In addition to good news, the lot size of the stock has also decreased from 2128 to 523 per lot. The shares of Gensol Engineering skyrocketed by 41.45 per cent in just one month. Also in a period of five months, a staggering jump of 327.38 per cent was seen by the stock. Furthermore, the stock has zoomed by 624.15 per cent in just a year.  

Unfazed by the tough geopolitical conditions around the world, Gensol has managed to put up a stellar show in the last quarter of the outgone fiscal ended March 2022, buoyed by India’s commitment to climate change and a sharpened focus on renewable energy projects. 

Here is the summary of the revenue earning presentation of the company. 

*The figure may change subject to the final audi

According to the unaudited reports, Gensol's H2 (October-March) income increased by 193 per cent to Rs 117.58 crore, up from Rs 40.04 crore in the previous period. In addition, the company's revenue is expected to exceed Rs 150.00 crore in the fiscal year ending March 2022, up 150.00 per cent from Rs 60.11 crore in the previous fiscal year. India's growing focus on the renewable energy sector has helped Gensol's revenue growth. Importantly, the federal government's ambitious ambitions to cut the nation's carbon intensity by less than 45 per cent by the end of the decade and increase India's renewable energy installed capacity to 500 GW by 2030 have given Gensol's business a significant boost. Gensol is committed to being an integral part of the mammoth growth story that the Indian renewable energy industry is likely to experience.