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

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Godrej Consumer Products

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

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Orient Electric Ltd on Wednesday reported a 79.73 per cent year-on-year increase in its net profit to Rs 31.49 crore for the quarter ended June, helped by cost management and improved portfolio mix.
CKA Birla group firm Orient Electric Ltd (OEL) had posted a net profit of Rs 17.52 crore in the April-June quarter a year ago, according to the company's regulatory filing.
Its revenue from operations was up 23.5 per cent to Rs 949.76 crore in the June quarter. It was at Rs 769.08 crore in the corresponding period last fiscal.
"The company reported EBITDA margins of 7 per cent up by 102 bps YoY, while PAT increased by 79.7 per cent YoY, supported by disciplined cost management and improved portfolio mix amidst continued commodity price pressures," said OEL in its earning statement.
Total expenses of OEL were at Rs 907.7 crore, up 21.36 per cent in the June quarter.
Its revenue from Electrical Consumer Durables was up 22.7 per cent at Rs 668.74 crore in Q1 as against Rs 545 crore  in th

Orient Electric

Its revenue from operations was up 23.5 per cent to ₹949.76 crore in the June quarter. It was at ₹769.08 crore in the corresponding period last fiscal

From fixed interest payments to repayment at maturity, here's a simple guide to non-convertible debentures and why companies rely on them to finance growth without diluting ownership

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Payments companies are building rails for autonomous AI-led shopping, but ecommerce platforms remain wary of losing control over discovery, recommendations and margins

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The ecommerce major is using AI to cut seller onboarding times, personalise search, speed up support and lift conversions as Nykaa, Amazon and quick commerce rivals close in

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Cashfree Payments will waive gateway fees on the first Rs 20 lakh of GMV for new merchants as it aims to double its SMB base to 2 million by the end of FY27

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GitHub Sponsors has crossed $100 million in contributions, with corporate sponsorships driving faster growth and supporting more than 70,000 open-source maintainers worldwide

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Expect govt to also undertake minority stake sale in bank this year

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Bajaj Auto plans two new Chetak launches in six months

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The former head of Hines India will oversee operations across two regions identified by the global real estate investment manager as key engines of long-term growth

Amit Diwan, Head of Asia Pacific and Middle East, Hines

The latest package kept him as the highest-earning CEO among Indian IT services companies

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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

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