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

Telecom firm's proposal to DoT aims to halve dues, enabling ₹25,000 cr fundraising for 5G rollout and government stake dilution

Vodafone Idea (Vi)

The showcase, held in the presence of Shashank Mani, the Member of Parliament from Deoria, was executed by Delhivery Robotics India Private Limited, a subsidiary of Delhivery

Delhivery demonstrated autonomous VTOL drone in Deoria, UP, in the presence of MP Shashank Mani. A 12 km medical delivery completed in just 12 minutes by air vs 40 minutes by road — proving the power of advanced drone logistics.(Photo: X/@delhivery)

Ola Electric on Sunday said it has commenced mass deliveries of its 4680 Bharat Cell power vehicles.
The S1 Pro+ (5.2kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety.
"Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement.
With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.
S1 Pro+ (5.2kWh) is powered by a 13 kW motor offering a brisk acceleration of 0-40 kmph in just 2.1 seconds.
The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco.
It also offers enhanced safety with category-first dual ABS, a

Ola Electric takes the S1 Portfolio to the ‘Next Level’ with Gen 3

Ola Electric takes the S1 Portfolio to the ‘Next Level' with Gen 3

The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco

South Korea's HD Hyundai, one of the world's largest ship manufacturers, is planning to build a shipyard in Thoothukudi. The project may reportedly see an investment of around $2 billion

shipping, trade, shipping industry

Board-led team includes chairman, ex-FAA chief, Amitabh Kant; ₹610 cr in refunds processed as airline eyes Dec 10 stability

Pieter Elbers, Chief Executive Officer (CEO), IndiGo

The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday.
Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody.
The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities.
The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'.
The agency, sources said, is carrying out an ...

Real estate

Swaraj Singh Yadav, the MD and 'key person' of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13

Eyes listing on insurance arms, focus NRIs through GIFT City, pension funds biz post Allianz exit

Sanjiv Bajaj

The Bengaluru-based qcom company, which is likely to go public next year, is expected to file its draft red herring prospectus soon

Zepto

Dream Sports' Dream Horizon will release its in-house tech stack-tested at peak scale-to help developers and startups build large systems, as the company refocuses after the real-money gaming ban

Dream Sports launches Dream Horizon

Arctus Aerospace has secured $2.6 million in pre-seed funding to build long-endurance, high-altitude unmanned aircraft aimed at delivering affordable, real-time, high-resolution Earth intelligence

Technology, Startups, Space startup, Food delivery

Rajiv Naresh, MD and CEO, Navi, says the fintech aims to capture a significant share of the UPI ecosystem by investing in credit line products, strengthening tech infra, and customer awareness

Navi Technologies CEO Rajiv Naresh

'Can reinvest operating cash back into biz to scale up GLP-1s'

Kiran Mazumdar-Shaw

Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core

Rishi Gupta

Network offers cm-level accuracy for autonomous vehicles and drones; plans local hardware production and rural coverage expansion

Horton

Westlife Foodworld CEO Akshay Jatia says the focus is now on driving volumes, digital adoption and customer frequency as McDonald's targets 600 stores by 2027

Akshay Jatia, CEO, Westlife Foodworld

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

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

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

Pham Sanh Chau

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

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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