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 bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank

Axis bank

Jio Financial Services Ltd (JFSL) on Thursday said it has infused Rs 2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth.
The company has subscribed to and has been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of Rs 585.70 per equity share, aggregating Rs 1,999.88 crore, JFSL said in a statement.
JCL will utilise the amount to fund its business operations, it said.
Last month, JFSL reported a 9 per cent drop in consolidated profit at Rs 269 crore in the third quarter ended December 2025.
The company earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal.
However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal.
Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal.

Jio Financial Services

Last month, JFSL reported a 9 per cent drop in consolidated profit at ₹269 crore in the third quarter ended December 2025

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

ASGN (Image: Company website)

Uniphore chief executive Umesh Sachdev says India can become a global AI adoption hub as enterprise usage scales, even as the US leads in capital access and technology maturity

Umesh Sachdev, Co founder and Chief executive officer (CEO), Uniphore

Manappuram Finance CEO Deepak Reddy has gone on medical leave for up to 120 days, even as Bain Capital prepares to assume promoter status and secure rights to nominate key executives

Manappuram, Manappuram Finance

Brigade Group has tied up with Primus Senior Living to build three senior living communities across South India, with a combined GDV of Rs 750 crore and over 600 purpose-built units

Pavitra Shankar, managing director, Brigade Enterprises Limited

Info Edge has committed Rs 250 crore to B8 Fund I, expanding its structured investment platform and deepening support for growth-stage ventures in India's startup ecosystem

Info Edge

Seedcamp-backed Tattvam AI is building a reasoning-driven AI system to automate complex semiconductor design tasks, aiming to compress multi-year development cycles into weeks

(From Left) Lannan Jiang, Co-founder; Bragadeesh Suresh Babu, CEO and co-founder Tattvam AI

Seed round led by Bessemer backs MeltPlan's AI 'planning engine' to optimise preconstruction decisions across code, cost, schedule and value systems

MeltPlan is working with top enterprise contractors like DPR Construction in California and Innovo Group in the UAE to help in their planning or preconstruction phase of construction

Wootzwork is scaling a new manufacturing model that gives global OEMs a single, accountable partner for complex industrial programmes across India and Southeast Asia

L-R Himanshu and Karan

Kapil Thirani, vice president for Shopsy and Flipkart Marketplace, shares insights about Flipkart's zero-commission push to capture India's value-conscious Gen Z and first-time rural shoppers

Kapil Thirani, Shopsy, Flipkart Marketplace

Kapil Thirani

Royal Orchid Hotels Limited plans to expand to 250 hotels and 20,000 keys by 2030, remaining open to global partnerships and selective private equity while pursuing an asset-light growth strategy

Arjun Baljee, president Royal Orchid Hotels

McKinsey's Noshir Kaka says AI disruption could unlock a $15 trillion opportunity, but IT services firms must overhaul business models, talent, and pricing to win

Noshir Kaka, senior partner, McKinsey & Company

Steel industry veteran Jatinder Mehra, Vice Chairman at Essar's Metals & Mining Division and former RINL chief, passed away at 86, leaving behind a six-decade legacy in steel

Jatinder Mehra

FSIB has recommended Hitesh Joshi for the CMD post at GIC Re, marking the first selection process allowing private sector applicants; the final decision now moves to the Cabinet

GIC Re

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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