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 drug, CUTX-101, is intended for the treatment of Menkes disease, a rare X-linked recessive genetic disorder affecting male children

Zydus Lifesciences, Zydus

One of the world's oldest and most storied tea estates, Makaibari was established in 1859 and is celebrated for its dramatic Himalayan vistas, lush primary forests, and rare biodiversity

Jay Shree Tea, Darjeeling tea, Darjeeling tea gardens, tea estates, Tea Exports

The earlier Nclat judgment had upheld the ₹213.14 crore penalty against Meta and WhatsApp but had left ambiguity over the extent of user-choice safeguards

Whatsapp, meta

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday said it has paid a final dividend of Rs 109.98 crore for 2024-25 to the Government of India.
A cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to H D Kumaraswamy, Union Minister of Heavy Industries and Steel by K Sadashiv Murthy, Chairman and Managing Director, BHEL, in the presence of Kamran Rizvi, Secretary (HI), a company statement said.
Directors on the board of BHEL and senior officials of the Ministry of Heavy Industries were also present on this occasion.
The total dividend paid to the company's shareholders for 2024-25 amounts to Rs 174.10 crore.

Bharat Heavy Electricals Ltd, BHEL

A cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to HD Kumaraswamy

Flipkart's proposed public offering would be the second by a Walmart-owned entity after PhonePe, which relocated its domicile to India in October 2022

Flipkart

MTNL's board has cleared the sale of its BKC housing block in Mumbai to Nabard for ₹350.72 crore, with the deal to be carried out through a government-to-government transfer

mtnl

Analysts say IHH's play may include improving revenue per bed by lifting clinical mix

India's leading hospitals line up expansion plans with 34,000 new beds

Hospital beds

Omnichannel expansion and repeat demand fuel the meat retailer's post-pandemic growth rebound

(From left) Abhay Hanjura and Vivek Gupta, Co-founders, Licious

Chennai-based Sisir Radar has raised $7 million in a Series A led by 360 ONE Asset. It is targeting India's first private L-band SAR satellite launch by 2026 for 24/7 imaging

Sisir Rader Founders (L_R) Urmi Bhambhani, D ... omanath (2nd L), at Sisir Radar's office

Kolkata-based Sisir Radar has raised $7 million in a Series A led by 360 ONE Asset. It is targeting India's first private L-band SAR satellite launch by 2026 for 24/7 imaging

BYT Capital has launched a ₹180 crore Category II AIF focused on deep-tech, targeting 18-20 startups with ₹3-6 crore initial cheques and a 55 per cent follow-on reserve

Amit Chand, founder, BYT Capital

Saviynt has raised $700 million in Series B funding at a $3 billion valuation, led by KKR, to speed up product development, AI capabilities and deeper integration with hyperscalers, software platforms

Funding, Fund raising, Funding round

Post internal discussion held with Tharashankar, the bank has accepted his resignation and relieved him from his duties with effect from close of business hours today

RBL Bank

The SBI board is headed by a chairman, assisted by four managing directors. The Appointments Committee of the Cabinet is headed by Prime Minister Narendra Modi

SBI, State Bank Of India

CoinSwitch co-founder says tier-2 and tier-3 cities drive 76 per cent of activity as women investors reach 12 per cent of user base

Ashish Singhal, co-founder of CoinSwitch

the rising demand for premium helmets is also helping Studds Accessories expand its profit margins

Studds Accessories, Studds Accessories MD

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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