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

Tata Communications has appointed Ganesh Lakshminarayanan as MD&CEO-designate, even as the Tata Group firm reported a sharp rise in Dec-quarter profit on expanding margins and a healthy order book

Weak Q3 show, near term growth worries for Tata Communications

Tata Communications

Fintech firm Cashfree Payments has announced an ESOP buyback plan covering over 400 current and former employees, offering liquidity as the company completes a decade of operations

cashfree payments

In a move aimed at facilitating a leadership transition at the Allcargo group, the company on Wednesday elevated Allcargo Global Ltd's Executive Director for North Asia Vaishnav Shetty to the position of Deputy Managing Director and inducted him as a member of the AGL Board of Directors.
Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde, a statement said.
The appointment has been approved by the Board of Directors, it added.  AGL, the international supply chain arm of the Allcargo Group, accounts for as much as 80 per cent of the group's revenue.
His elevation reflects the group's structured approach to succession planning and building a digital-first and future-ready organisation amid the ongoing restructuring exercise at the group, under which its businesses are being reorganised into four independent and focused entities, the company said.
As part of this process, the group's international supply chain 

Vaishnav Shetty

Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde

Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains

Jindal Stainless Limited

United Spirits remains confident of sustaining a 6-8% price mix over the medium term, aided by portfolio premiumisation and Maharashtra's liquor policy, even as volumes face pressure at the lower end

United Spirits. (File Photo)

ICICI Prudential AMC will allow fresh subscriptions into its Smallcap Fund from January 23, withdrawing earlier investment caps as smallcap valuations ease amid a broader market correction

ICICI Prudential AMC

Raymond Realty has entered the central Mumbai market with a ₹5,000 crore luxury residential project in Wadala, betting on strong end-user demand, rising property values and large-format lifestyle deve

branded residence, housing, real estate

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Trai

RBI's in-principle approval allows Payoneer India to expand cross-border payment services for importers and exporters, even as 19 entities have already received full PA-CB authorisation from regulator

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Rachit Parekh and Shekhar Kirani, partners at Accel.

The direct-to-consumer kitchenware brand has raised $5 million in a pre-Series A round led by Fireside Ventures to expand R&D-led product portfolio and strengthen supply chain, innovation capabilities

Kitchen Appliances, Microwave oven, oven, gadgets, appliances

Zomato and Blinkit parent Eternal has announced a leadership transition, with founder Deepinder Goyal stepping down as group CEO and Blinkit chief Albinder Dhindsa set to take charge from February 1

deepinder goyal

This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal's risk profile, Goyal said

Goyal's decision is subject to shareholders' approval, and he will continue to remain on the board of directors as Vice Chairman

Deepinder Goyal

Speaking at the World Economic Forum 2026 Annual Meeting, Nadella said the benefits of AI need to be much more evenly distributed to avoid it from becoming a bubble

Satya Nadella, Satya, Microsoft CEOSatya Nadella, Satya, Microsoft CEO

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

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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