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

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The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the two petitions filed by Vedanta Ltd, where the mining group challenged the selection of Adani Enterprises' bid for debt-ridden Jaiprakash Associates Ltd (JAL).
A two-member bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra said: "No grounds have been made out by the appellant (Vedanta) to interfere with the decision of the adjudicating Authority (NCLT)."
"There is no merit in the appeal. Both appeals are dismissed. There shall be no orders to pass," said NCLAT.
The decision of the Committee of Creditors was based on "overall consideration of the respective resolution plan and was taken in its commercial wisdom," said the appellate tribunal.
NCLAT also said there has been "no material irregularity committed by Resolution Professional while conducting the plan resolution process."
NCLAT also dismissed Vedanta's plea, where it had questioned the evaluation metrics adopted and had said

Vedanta

JAL, which has high-quality assets and business interests in various sectors, was admitted to the CIRP in June 2024 after it defaulted on payments of loans aggregating ₹57,185 crore

According to bankers, the Indian pharma major plans to raise around $10 billion from various sources, while the remaining will be funded through internal accruals

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Artha's Anirudh Damani says disciplined entry valuations-not market timing-are driving its biggest wins

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Realty firm Lodha Developers Ltd aims for a 2.5 times jump in its annual net profit to over Rs 8,500 crore by the 2030-31 fiscal year as it remains bullish on demand for homes and commercial properties.
In a conference call with analysts, Lodha Developers MD and CEO Abhishek Lodha highlighted the company's strong growth since listing on stock exchanges in April 2021.
"In fiscal '21, which was the peak of COVID, we did Rs 60 billion of pre-sales. In FY26, we did Rs 205 billion, a 28 per cent CAGR (compounded annual growth rate)," Abhishek said.
More importantly, he added, the PAT (profit after tax) has grown more than 6 times over the same period, touching Rs 3,430 crore this year with a 20 per cent margin.
"Over the medium term, our goal is focused on 20 per cent CAGR in PAT and therefore, moving from about Rs 34 billion for fiscal '26 to more than Rs 85 billion by fiscal '31," said Abhishek, according to a transcript uploaded on stock exchanges.
"The building blocks are all in pl

Abhishek Lodha MD & CEO, Lodha Developers

Recently, Lodha Developers reported that its net profit increased to Rs 3,430.7 crore last fiscal from Rs 2,766.6 crore in the preceding financial year

Infrastructure company Ceigall India Ltd on Sunday said its joint venture CILSAM India has bagged a Rs 918.04-crore project from Jaipur Metro Rail Corporation Ltd for design and construction works.
The contract awarded to CIL-SAM involves the design and construction of an elevated viaduct and ten elevated metro stations (excluding architectural finishing) under Jaipur Metro's Phase-II expansion covering 10.8 km, Ceigall India said in a statement.
Ceigall India holds a 74 per cent stake in CIL-SAM, while the remaining 26 per cent is owned by SAM India Builtwell Pvt Ltd.
The total bid cost of the project stands at Rs 918.04 crore (inclusive of 18 per cent GST), with an execution timeline of 34 months, it stated.
The ten stations to be constructed under the package are Prahladpura, Manpura, Bilwa Kalan, Bilwa, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala.
Ramneek Sehgal, Chairman & Managing Director, Ceigall India, said in the statement, "Winning .

Ceigall India

The ten stations to be constructed under the package are Prahladpura, Manpura, Bilwa Kalan, Bilwa, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala

Mission Drishti to capture imagery in all weather conditions, day and night

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Confederation of Indian Industry flags structural flaws in auto PLI scheme, seeks easier norms to support EV startups and boost innovation

The forum also referred to a parliamentary standing committee re­port released earlier this year, wh­ich said the high revenue and investment thresholds are limiting the participation of emerging domestic manufacturers and EV startups

Funding will help AIoT startup scale infrastructure monitoring platform, expand deployments, and strengthen partnerships across water, energy, and industrial sectors

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Series B funding led by GEF Capital to support power management systems, expand AMI operations, and drive international growth beyond India's energy markets

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Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Anuj Mathur, managing director and chief executive officer, Canara Bank and HSBCAnuj Mathur, managing director and chief executive officer, Canara Bank and HSBC

Anuj Mathur, managing director and chief executive officer, Canara Bank and HSBC

Indian Bank's CEO flags continued deposit pressure and cautious margin outlook even as credit growth and asset quality remain stable

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Near-term earnings may face pressure from geopolitical risks and oil prices, but improved valuations and strong fundamentals keep India's long-term equity story intact

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AI is narrowing the gap between banks and fintechs, driving faster decisions, better risk management and a convergence of scale, agility and trust

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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

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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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