Gensol Engineering Quarterly Results: Shares of construction engineering company Gensol Engineering will be in focus when markets open on Monday as the company posted a 29 per cent rise in its net profit. In an exchange filing after market hours on Friday, the company said that net profit rose to Rs 22.93 crore during the September quarter as compared to 17.71 crore in the same quarter a year ago.
Gensol Engineering Quarterly Results: Net Profti
The company’s net profit was Rs 26.69 in the first quarter of the financial year 2024-25. Also, the total income of the small-cap company rose to Rs 346.82 crore in the quarter under review. The total income in the previous quarter was Rs 304.87 crore. The company has also informed exchanges its expenses reduced to Rs 239.88 crore in the quarter under review from Rs 257.51 crore in the corresponding period. Also, the company’s expenses reduced to Rs 239.88 crore from Rs 257.51 crore in the year-ago quarter.
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Earlier, the stock of the company ended Friday’s session at Rs 790.75. This was a fall of 2.27 per cent from the last trading price of Rs 809.15 on the BSE. The company has a market cap of Rs 2,994.80. The shares of the company have a 52-week high of Rs 1,377.10 and a 52-week low of Rs 720.
Gensol Engineering: Bonus Issues
In a related development, the company has announced two bonuses since October 11, 2021. The last bonus offered by Gensol Engineering was in the ratio of 2:1 with an ex-date of October 17, 2023.
Earlier, equity benchmark Sensex plunged around 660 points on Friday to end the session below the 80,000 level. The fall in the Sensex was due to widespread selling pressure tracking massive foreign capital outflows and muted earnings growth.
The BSE Sensex plummeted 662.87 points or 0.83 per cent to settle at 79,402.29. During the day, it plunged 927.18 points or 1.15 per cent to 79,137.98.