Solar Company Reports Positive H2FY25 & FY25 Results, Setting up 1.2 GW Solar Module Factory & Bags Rs 65.52 Crore Order
The company has a market cap of over Rs 380 crore and the stock is up over 50 per cent from its 52-week low of Rs 212.20 per share.
On Thursday, shares of GP Eco Solutions India Ltd plunged 3.6 per cent to Rs 321 per share from its previous closing of Rs 333 per share. The stock’s 52-week high is Rs 470 per share and its 52-week low is Rs 212.20 per share.
GP Eco Solutions India Ltd (GPESL), incorporated in 2010, is an ISO 9001:2015 certified company engaged in the manufacturing and trading of solar plants/panels, electronic equipment, and solar equipment. As an authorised distributor, GPESL partners with major players like Sungrow India (for inverters) and Saatvik Green Energy and LONGi Solar (for panels) in North India. While also providing integrated solar energy solutions, including engineering, procurement, and construction (EPC) services, their primary business focus is the distribution of solar inverters and panels. GPESL also owns the "INVERGY" brand, under which they OEM manufacture hybrid solar inverters and lithium ferro phosphate (LFP) batteries.
GP Eco Solutions India Limited has announced its H2 and FY25 financial results, reporting a consolidated revenue from operations of Rs 246.43 crore for FY25, a significant increase from Rs 138.44 crore in FY24, marking a 78.00 per cent year-on-year growth. The company's Profit After Tax (PAT) for FY25 stood at Rs 10.46 crore, up from Rs 7.33 crore in FY24, showing a 5.02 per cent year-on-year increase. For H2FY25, revenue from operations reached Rs 246 crore, with PAT reported at Rs 5.57 crore, an increase of 13.87 per cent compared to Rs 4.89 crore in H1FY25. A key business highlight is the ongoing establishment of a 1.2 GW Solar Module Factory, aimed at boosting domestic manufacturing and supporting India's clean energy initiatives.
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Additionally, GP Eco Solutions India Limited has received a Letter of Intent (LOI) from Synergy Wave System LLP for EPC work on four grid-connected solar power plants in the Bareilly District of Uttar Pradesh under the KUSUM Scheme – Component C. The total value of the project is Rs 65.52 crore. The plants include: BHAMORA (2.4 MW AC / 3.12 MW DC) costing Rs 12.48 crore; FATEHGANJ (2.5 MW AC / 3.25 MW DC) costing Rs 13.00 crore; AONLA (3.8 MW AC / 4.94 MW DC) costing Rs 19.76 crore; and PUNNAPUR (3.9 MW AC / 5.07 MW DC) costing Rs 20.28 crore.
The company has a market cap of over Rs 380 crore and the stock is up over 50 per cent from its 52-week low of Rs 212.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.