I will start posting good results of my tracking companies who has given guidance to see if they are doing walk the talk or not.
Gensol engineering – Q3 Fy 24 revenue was 227 cr and 9 month revenue is 584 cr. FY 23 revenue was 366 cr. I am expecting company to do 250-300 cr in Q4. So Gensol may end up doing revenue of 800-900 cr revenue. Company has guided 900-1000 cr in FY 24 and 1500+ cr in FY 25. Please note that their guidance before Dec was 1300 cr for FY 24 and 2500 cr for FY 25. They reduced the guidance since EV plant hasn’t started. So there will not be any EV contribution to revenue in FY 24.
TTM PE is 60 now which should be changed to 45-50 once Q4 result come. To me results are good. Risk is to watch out for EV roll out and its success since it has been delayed by an year.
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