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

The qualified institutional placement, combining a primary issue and promoter offer for sale, will help fund JSW Infra's expansion plans and broaden its institutional shareholder base

JSW Infra, JSW Infrastructure

The bank introduced an AI-powered virtual assistant, digital account opening, mobile trade finance and sustainability features as part of its push to strengthen digital banking services

State Bank of India (SBI)

Airtel Money, which received its RBI registration in February, has started operations as a non-deposit accepting NBFC, with Bharti Airtel planning phased capital infusion

bharti airtel

The two-wheeler maker will invest Rs 3,200 crore in Andhra Pradesh over the next three to five years, with Tirupati emerging as a key manufacturing, electric mobility and parts hub

Pawan Munjal, executive chairman, Hero MotoCorp

Businesses say phone numbers will remain central to customer interactions despite WhatsApp's username feature, while cybersecurity experts expect improved privacy and lower spam

WhatsApp

The Bharti Enterprises founder was recognised for transforming India's telecom sector and advancing India-US economic ties, alongside Fairfax's Prem Watsa and RTX's Christopher Calio

Bharti Enterprises, founder and chairman, Sunil Bharti Mittal

The real estate developer emerged as the highest bidder for a 4.95-acre residential plot in Sector 151, Noida, and plans a premium housing project with estimated revenue of Rs 2,000 crore

Godrej Properties

More than half of the capital raised by India's leading under-30 entrepreneurs is being deployed towards product development and market expansion, reflecting a growing focus on building sustainable businesses, according to a report released on Wednesday.
"But what truly sets this generation apart is not the scale of capital they have raised, it is the discipline with which they are deploying it. Over 50 per cent of all funds raised are going directly into product development and market expansion," said Anas Rahman Junaid, founder and chief researcher at Hurun India.
"These are founders who are not building for the next funding round; they are building for the next decade. In a world that often celebrates the raise, this cohort is quietly focused on the result," Junaid added.
According to the report, funding deployed by companies on the Avendus Wealth-Hurun India U30 List 2026 is primarily directed towards growth and expansion, with product development accounting for 27 per cent of .

Startup funding picks up after 3-year slump

More than half the capital raised by India's top under-30 entrepreneurs is being channelled into product development and market expansion, a Hurun India report says

Satellite manufacturing and launch alliance aims to build sovereign space ecosystem

(L-R) Srinath Ravichandran, Co-founder and chief executive officer of Agnikul Cosmos; and Moin SPM, co-founder and chief operating officer, Agnikul

Indus Valley, a toxin-free kitchenware brand, on Tuesday said it has raised USD 17 million (about Rs 161 crore) in a funding round led by private equity firm Gaja Capital.
TheSeries B funding round also included participation from existing investors DSG Consumer Partners, Rukam Capital, and The Chennai Angels, the Chennai-based firm said in a statement.
"This investment will help us accelerate product innovation, strengthen our omnichannel distribution, deepen our brand presence, and expand our leadership across safer kitchen categories," Jagadeesh Kumar co-founder and CEO of The Indus Valley said.
DSG Consumer Partners MD & Head of India Hariharan Premkumar said the investment will deepen product and distribution capabilities.
Founded in 2016 by Jagadeesh Kumar and Madhumitha Uday Kumar, Indus Valley is a cookware company which offers toxin-free, non-coated cookware solutions across cast iron, iron, stainless steel, triply cookware, and pressure cookers.

investment, funds, funding

The Series B round, led by Gaja Capital with participation from existing investors, will support product innovation, distribution expansion and brand-building initiatives

An Oxford Economics report says a restrictive digital regulatory regime could reduce startup formation by 20 per cent and venture capital investment by 25 per cent

startup funding, startups

Persistent CEO Sandeep Kalra says Nagarro can match the company's growth rate within 6-12 quarters as integration, cross-selling and capability expansion gather pace

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems

IndiGo on Tuesday announced the resignation of its Chief Human Resources Officer Sukhjit Singh Pasricha, who has been with the airline for over eight years, and will be replaced by Kanwal Jeet Singh Bakshi.
Bakshi is currently the Group Head of Human Resources at InterGlobe Enterprises.
The resignation of Pasricha marks another senior-level exit at the country's largest airline, IndiGo, since the massive operational disruptions in December 2025.
CEO Pieter Elbers departed in March and Head of Global Sales Vinay Malhotra is set to leave next month. Jason Heter, who was heading the Operations Control Centre (OCC) left earlier this year.
In a regulatory filing on Tuesday, InterGlobe Aviation, which operates the airline under the brand IndiGo, said Pasricha has resigned and will be relieved from the services on July 19.
Bakshi from InterGlobe Enterprises, the parent of InterGlobe Aviation, would take over Pasricha's role of Chief Human Resources Officer (CHRO) from July 20.
Pasricha,

Indigo

The resignation of Pasricha marks another senior-level exit at the country's largest airline, IndiGo, since the massive operational disruptions in December 2025

The company also named Vivek Srivastava to lead its cloud and cyber security business as it accelerates investments in AI and digital infrastructure

Weak Q3 show, near term growth worries for Tata Communications

Tata Communications

Reuters

Almost a week after stepping down as chairman of Trent, Noel Tata announced on Tuesday that he would also relinquish the chairmanship of another Tata group firm, Voltas.
Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting (AGM), Noel Tata, 69, said this would be his last AGM as Chairman of Voltas.
"As you might be aware, this will be my last annual general meeting as Chairman,"  Noel Tata said in his address to shareholders.
He said the company has developed its next generation of leaders through a combination of internal promotions and lateral hiring and expressed confidence in the management's ability to drive future growth.
"The company has developed our next generation of leaders, from both in-house promotions and lateral hires. I am confident that with the close cooperation of seasoned practitioners and new talent, your company will continue to take big strides in all business segments," he said.
Thanking shareholders, employees an

Noel Tata

Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting (AGM), Noel Tata, 69, said this would be his last AGM as Chairman of Voltas

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

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

Pham Sanh Chau

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

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News