Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

ICICI Bank shares fell over 2% after RBI flagged gaps in agri PSL classification, forcing higher provisions and a 4% drop in Q3 net profit

ICICI Bank

Reversal of provisioning is also expected to support the stock going ahead

NCLAT upholds Adani Power's ₹4,000 crore resolution plan for Vidarbha Industries Power, rejecting challenges on CIRP timeline and operational creditor payouts under the IBC

Adani Green Energy, Adani Power

Record revenue, five-year low cost of production and rally in silver prices lift earnings to all-time high

Hindustan Zinc

LTIMindtree's Q3FY26 profit falls 10.5% to ₹971 crore due to labour code impact, even as revenue grows 11.6% on strong BFSI and manufacturing deals

LTIMindtree

Oberoi Realty's Q3FY26 profit rises marginally to ₹622.6 crore, missing estimates; revenue up 5.8%, no new launches during the quarter

Oberoi Realty

Sun Pharmaceutical said reports of a $10 billion acquisition of US-based Organon are speculative, adding there is no material information requiring disclosure to exchanges

Sun Pharma

Three Indian entrepreneurs on Monday came together here to launch a next-generation integrated clean energy platform, LNK Energy, with an initial investment of Rs 10,000 crore over the next five years.
It will begin operations with a 6 GW solar cell and module with an integrated ingot and wafer plant in Maharashtra, the organisers said during the launch on the sidelines of the World Economic Forum Annual Meeting 2026.
LNK Energy's areas of operation would include advanced manufacturing, green fuels, and renewable energy generation.
The company said its first project will be spread over 60 acres at Chhatrapati Sambhaji Nagar, Maharashtra, and will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices.
It has signed an agreement with the Maharashtra government for setting up the project.
Its co-founders are Paritosh Ladhani, Joint Managing Director of SLMG Beverages, the largest bottler of Coca-Cola in India; Kushagra Nandan, ...

clean energy

They said the company will focus on supporting sustainable growth, responsible industrial development, and long-term energy security for India

While the average valuation of the top 20 startups was $1.78 billion, the remaining 80 had an average valuation of just $0.42 billion, nearly one-fourth of the top cohort

startups in India, start- ups, valuation, Fundraising

A decade into Startup India, most Indian unicorns are clustered in consumer and finance, highlighting limited depth in enterprise tech and frontier technologies like AI

unicorn

Gujarat, Arunachal Pradesh and Goa ranked as the 'best performers' in developing a startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade released on Friday.
Gujarat has been ranked as the best performer for the fifth time in a row.
Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, and Himachal Pradesh are categorised as the top performers.
The ranking is a yearly exercise under the Department for Promotion of Industry and Internal Trade (DPIIT) that evaluates all states and Union territories on their efforts to build an ecosystem conducive to startup growth.
A total of 34 states and Union territories (UTs) participated in the exercise. They are ranked under five categories -- best performers, top performers, leaders, aspiring leaders and emerging startup ecosystems.
The states and Union Territories were broadly divided into two sections based on their population size -- those

Startups, Indian startups

The exercise is aimed at supporting states and Union territories (UTs) in developing their startup ecosystem and learning from each other's best practices

Ola Electric said Deepak Rastogi is a veteran finance and business leader with over 30 years of experience in large, complex, capital-intensive industries, including automotive and manufacturing

Ola Electric, OLA

ITC will pursue selective, value-accretive acquisitions while banking on premiumisation and a gradual recovery in consumption to outpace FMCG industry growth

Hemant Malik, Executive Director of ITC and in charge of foods and personal care products businesses

As AI races ahead, tech leaders warn that without more women in leadership, innovation risks bias, exclusion and job losses that disproportionately affect women

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation’s managing director for India

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation's managing director for India

He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31

Nestle India, Nestle

Reuters

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

JSW joint managing director and chief executive officer Jayant Acharya

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