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

Thomas Cook India's revenue fell to ₹1,944.2 crore in Q2 FY27, while EBITDA rose 3 per cent. The company expects 30 per cent growth in leisure travel bookings for Q3 FY27.

Thomas Cook India Group

Petronet LNG received only six of the 75-80 Qatar cargoes expected between March and October 2026 as force majeure disruptions hit supplies; Q2 net profit rose 54 per cent YoY

Petronet LNG

The US-based company plans to add capacity at its Pune facility by 2027 as demand for optical fibre and connectivity products rises from AI data centres and telecom networks

Sudhir Pillai MD & President, India, Middle East, and Africa, Corning

Senior advocate Darius Khambata will not seek reappointment to two core Tata Trusts, citing disagreements over Tata Sons' listing and events at its September 17 board meeting

Darius Khambata Trustee, SDTT & SRTT

The programme will help young development professionals establish grassroots organisations in underserved areas, with applications open until 31 December 2026 for its first cohort

Azim Premji foundation

IBM's Sriram Raghavan says AI agents will accelerate software creation and reshape developers' roles, while enterprises must strengthen cybersecurity, governance and skills

Sriram Raghavan, Vice-president, IBM Research AI

MobiKwik aims to raise lending's share of revenue to 50 per cent from 25-30 per cent and expects quarterly loan disbursements to reach ₹1,500-2,000 crore over six to eight quarters.

Bipin Preet Singh, co-founder & chief executive officer of Mobikwik

The company plans to enter battery energy storage and expand its solar, energy efficiency and wastewater treatment businesses

Two Point O Capital

London-based venture capital firm Octopus Ventures, along with KPN Ventures, has invested USD 38 million (around Rs 361 crore) in Netherlands-based enterprise connectivity platform Braid in a Series A funding round.
KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom & ICT service provider.
Braid, launched in 2023, said it is profitable and cash-flow positive, with nearly 90 enterprise customers, including global fintech and travel brands.
The company will use the funds to accelerate international expansion, strengthen carrier partnerships and develop its embedded mobile connectivity infrastructure.
Braid operates a technology platform that allows businesses to incorporate branded mobile connectivity into their existing applications, digital products and customer services without becoming telecommunications operators themselves.
"We believe Braid is defining a new category in embedded connectivity and has the team, technology and ambition to

Octopus Ventures leads $38 million investment in Braid

Octopus Ventures, along with KPN Ventures, has invested $38 million in Netherlands-based enterprise connectivity platform Braid in a Series A funding round

Following Vikram-1's maiden orbital launch in July, Skyroot plans to begin commercial operations in early 2027 and scale up to one rocket launch a month by the end of next year

Skyroot Aerospace

AI agents must operate under strict controls, with enterprises held accountable for their actions, says Netskope CEO Sanjay Beri

Sanjay Beri, the founder and chief executive officer of Netskope

P N Vasudevan talks about his exit and the future roadmap for Equitas

P N Vasudevan MD & CEO, Equitas Small Finance Bank

Reliance Industries chairman Mukesh Ambani has emerged as the world's biggest billionaire wealth gainer, adding over USD 6 billion to his fortune in a single day, as shares of his flagship company surged following a stronger-than-expected quarterly earnings performance.
According to Forbes' Real-Time Billionaires list, Ambani's wealth increased by 7.85 per cent, or USD 6.3 billion, making him the biggest gainer globally in the latest update to the ranking on November 2.
The gain was substantially ahead of the second-biggest wealth accretion on the list, with Spanish retail billionaire Amancio Ortega adding USD 1.7 billion, followed by China's Zhong Shanshan at USD 1.5 billion.
The gains pushed Ambani to No.23 spot on the world billionaire list, making him the richest Indian ahead of Gautam Adani, who was ranked at No.26 with a wealth of USD 79.12 billion, according to the Forbes listing. Ambani had a wealth of USD 88.8 billion, according to Forbes.
The sharp increase in Ambani's ..

Mukesh Ambani

According to Forbes' Real-Time Billionaires list, Ambani's wealth increased by 7.85 per cent, or $6.3 billion, making him the biggest gainer globally in the latest update to the ranking on November 2

MDR is not intended to be profit-accretive; bank will reinvest proceeds to improve scale of UPI

Debadatta Chand, MD & CEO, Bank of Baroda

LTM says AI is reshaping IT services delivery, eliminating traditional entry-level roles while creating demand for AI-native engineers, new skills and outcome-based pricing models

Gururaj Deshpande

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.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News