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

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(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group’s 100-year | Photo: BS Reporter

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group's 100-year | Photo: BS Reporter

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

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Ipsita Dasgupta

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The luxury hotel chain is seeing strong domestic demand, rising weekend occupancy, and higher same-city staycations amid global travel uncertainty

Leela Palaces, Hotels and Resorts

The Indian semiconductor startup is developing AI-native processors for appliances, EVs and industrial systems that process data closer to where it is generated

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The development comes at a time when Adda247, which has raised around $67 million to date, is preparing for a public listing over the next 12 to 18 months

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The revised Press Note 3 framework may speed up startup deals by allowing limited China-linked exposure through the automatic FDI route, while keeping direct Chinese investment under approval

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In the centenary year marking the inception of Bajaj Group as a business house in Mumbai, Chairman Shekhar Bajaj speaks about the journey and the road ahead for Bajaj Electricals

Shekhar Bajaj, Chairman, Bajaj Electricals

Bajaj outlined the group's ambition to take Bajaj Finserv to every middle-class household in India over next 5 years and build it into country's "best" and one of its largest financial conglomerates

d-sanjiv bajaj-5

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

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FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

Ramkumar Narayanan, executive vice-president for artificial intelligence (AI) technology enablement and head of India and the Philippines at FIS

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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