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

Amazon India has expanded its operations on the Western Dedicated Freight Corridor in collaboration with Dedicated Freight Corridor Corporation of India Ltd, a railway ministry PSU, with the flagging off of the train at New Dadri Railway Station on Tuesday, according to the company.
This makes Amazon the first e-commerce company to operate on the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC.
The daily rail movement will connect Amazon's northern and western network, with over 10 Van Parcels (VPs) operating on the route. This will shift the movement of shipments from surface transportation to rail, further strengthening multimodality while enabling more reliable and sustainable transportation.
The corridor will connect Amazon's network across key regions including Delhi, Ahmedabad and Surat, with onward connectivity to Pune, Mumbai and Goa, supporting the movement of shipments ahead of the festive season, it said.
The expansion strengthens the role

Amazon

This makes Amazon the first e-commerce company to operate on the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC.

Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.

google, google logo

The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months

Mahindra Lifespaces

Parandekar joins from Alpha Alternatives and will spearhead the developer's next phase of growth, business expansion, operational excellence and institutional strengthening

Kolte-Patil Developers, Hrishikesh Parandekar, KPDL CEO, Blackstone, real estate, Alpha Alternatives, Mumbai real estate, Pune real estate

HUL alleges Beco's advertising campaign disparaged Surf Excel and Vim by linking chemicals in the products to skin irritation and allergies; court seeks response

Delhi high court

Tribunal directs SpiceJet and aircraft lessor Aviator ML to pay Rs 7.5 lakh each after they reached a settlement following reservation of the matter for orders

spice jet

India's largest airline IndiGo said on Wednesday it was experiencing intermittent issues with its core reservation ​platform, as some customers faced problems booking tickets and ​checking-in online.

Flights, fog, Indigo

Reuters

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

Fintech

Zilo, Knot and NewMe are adding thousands of styles, expanding fulfilment capacity and tapping physical stores as weddings, festivals, travel and gifting drive demand

Quick commerce, Quick commerce festive discounts, Quick commerce holi price war, Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes

There is a paradigm shift happening in the cybersecurity domain as entry barriers for attacks have reduced because of artificial intelligence, says 63SATS Cybertech's joint MD & joint CEO

Srinivas L, joint managing director and chief executive officer at 63SATS Cybertech

Ati Robotics plans a US manufacturing plant, while Addverb and Novus Hi-Tech are developing physical AI robots for industrial and defence applications and exports.

Robodog, quadruped robot, robot

Sinha's three-year term to begin on Oct 1, Mittal to leave board on Sept 30

Shabnam Sinha

Mittal, founder and chairman of Bharti Enterprises, was appointed non-executive chairman of Airtel Payments Bank in April 2016

Maheshwari also delved into the company's offline expansion, acquisitions and artificial intelligence (AI) strategy

Prateek Maheshwari Cofounder, PhysicsWallah

Krishna Jonnalagadda believes power is the main constraint in building artificial intelligence data centres

Krishna Jonnalagadda, global chief technology officer, GE Vernova

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.

Buzzing :

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News