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

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Shantanu Roy, Chairman & Managing Director, BEML

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Rothschild & Co advised on about $5 billion of India deals in 2025, as AI reshapes tech M&A and India becomes a key global investment banking hub

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Domino's India posted 2.5 per cent like-for-like sales growth during the quarter as Jubilant FoodWorks expanded its network to 3,712 stores

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Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

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TVS Motor Company marked the milestone with the launch of its 'Tu Race Laga' campaign, highlighting Apache's racing heritage and presence across 90 countries

Anand Mahindra says India is well placed to bridge geopolitical blocs, while Group CEO Anish Shah says artificial intelligence will power the conglomerate's next phase of growth

Anand Mahindra, chairman of Mahindra Group, with wife Anuradha Mahindra in Jamnagar on Friday  	Photo: Reuters

Broadband technology company Sterlite Technologies Ltd has raised Rs 1,500 crore through a qualified institutional placement to primarily de-leverage debt and pursue the next phase of growth, the company said on Monday.
The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement.
The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others.
"STLhas raised Rs 1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others," the company said.
The proceeds from the QIP will be primarily utilised to substantially de-leverag

investment, funds, funding

The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others

Yotta has raised $150 million at a ₹37,000 crore valuation to expand its AI infrastructure, scale GPU capacity and support its pre-IPO growth plans

Yotta

Proptech unicorn Square Yards expects 40-50 per cent revenue growth in FY27, driven by expansion in fintech, AI-led initiatives and broader real estate services

Vivek Agarwal, Square Yards

The founding of Cult.fit goes back to 2015, when health content creator and entrepreneur Rishabh Telang launched Cult in Bengaluru as a machine-free fitness studio

Cult.fit has acquired 14 companies across nine sectors, from fitness technology, fitness and wellness chains, to food tech, spanning India, the US and Canada.

TAFE is strengthening supply chains and localisation amid rising costs while preparing to launch its electric tractor in Europe later this year

(L) Mallika Srinivasan, Chairman & Managing Director, Tafe, (R) Lakshmi Venu Vice Chairman, Tafe

Jindal Stainless on Monday said Kunjal Mehta has been appointed the Chief Financial Officer (CFO) of the company.
His appointment is with effect from June 25, the stainless steel maker said in a statement.
"Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations. I am confident his leadership will further strengthen our financial resilience and support our upward trajectory in the manufacturing business," Jindal Stainless MD Abhyuday Jindal said.
At Jindal Stainless, he will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation.
Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. Over the course of his career, he has held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone ...

Jindal Steel LOgo

His appointment is with effect from June 25, the stainless steel maker said in a statement

Media reports have said that during the recent Tata Sons board meetings, questions were raised on the large investment in its ecommerce foray

Tata, Leadership, India's business leaders

AMD India, with a workforce of about 10,000, accounts for around 26 per cent of the company's global workforce, she said

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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

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

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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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