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

Pidilite Industries anticipates a quick recovery in its US exports, which slowed in Q3 FY'26, following the India-US tariff revision, said its Managing Director Sudhanshu Vats on Wednesday.
The company expects to continue its 'double-digit underlying volume growth' in the fourth quarter, and in the coming fiscal year, FY'27, he said in a post result briefing.
Pidilite Industries on Tuesday declared its earnings for the December quarter, in which it reported a 12 per cent rise in consolidated net profit at Rs 623.84 crore on a year-to-year basis. Its revenue from operations stood at Rs 3,709.91 crore, up 10.12 per cent.
During the quarter, Pidilite's industrial products revenue under its Business to Business (B2B) was impacted by lower exports. Its EBIT also declined in Q3 by 77 bps due to slower exports.
When asked about the impact of the India-US deal, Vats said: "Our export component, fortunately for us, is small, but we do export to the US. That has slowed down quite a lot."
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Pidilite

The company expects to continue its 'double-digit underlying volume growth' in the fourth quarter, and in the coming fiscal year, FY27

State-owned BHEL on Wednesday said it has secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries.
BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries.
The scope of work includes design, engineering, manufacture, supply up to site, unloading & storage, erection, commissioning and performance guarantee test for 2 x 150 megawatt BTG (boiler, turbine, and generator) package excluding civil work.
The project is to be executed at Lapanga, Sambalpur in Odisha in a span of about 3 years, BHEL said in a regulatory filing.
Under Ministry of Heavy Industries, BHEL is one of India's largest engineering and manufacturing enterprises in the energy and infrastructure sectors, and a leading power equipment manufacturer globally.
The company provides a comprehensive portfolio of products, systems and services to players in power, transmission, transportation, renewables, water, defence & aerospace, oil & ...

BHEL

BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries

Ikea India, part of Swedish furniture and home furnishing retailer, has reported a widening of its total loss to Rs 1,325.2 crore in FY25, and its revenue from operations was also down 3.33 per cent to Rs 1,749.50 crore, according to a regulatory filing from the company.
Its total income, which includes other income, was down 3.9 per cent to Rs 1,780.10 crore for the financial year ended on March 31, 2025, according to financial data accessed through the business intelligence platform Tofler.
Ikea India Pvt Ltd's net loss was at Rs 1,299.40 crore, and its revenue from operations was at 1,809.80 crore in the year-ago period, FY24.
Interestingly, Ikea India's expenses on advertising and sales promotion were up 14.06 per cent to Rs 223.9 crore for the financial year which ended on March 31, 2025, from Rs 196.3 crore a year before.
Ikea India's total borrowing has also increased in FY25 to Rs 8,335.20 crore as the company is investing to expand its network through omnichannel ...

IKEA

Ikea India Pvt Ltd's net loss was at ₹1,299.40 crore, and its revenue from operations was at 1,809.80 crore in the year-ago period, FY24

Shares of the company rose nearly 5 per cent on the day

Devyani International (Photo: dil-rjcorp.com)

Reuters

Alphabet has leased one office tower and may take two more in Bengaluru's Whitefield, as tighter US H-1B visa rules push global tech firms to scale up hiring in India

Alphabet

Over half of users say they receive 1-3 spam messages on WhatsApp every day, while 30 per cent get 4-7 such messages and 11 per cent report getting eight or more unwanted messages daily

WhatsApp

Mahindra & Mahindra Ltd (M&M) on Wednesday said it has secured an order to supply 35,000 units of its light commercial vehicle Scorpio Pik Up to Indonesian state-owned firm Agrinas Pangan Nusantara.
The vehicles will be supplied in 2026 as part of a cooperative project in the South-east Asian country.
These pick-up vehicles for the Koperasi Desa/Kelurahan Merah Putih (KDKMP) project will play a crucial role in enhancing logistics for Koperasi (cooperatives) being set up across the country.
It also said that the latest vehicle order surpasses the company's total export volumes achieved in FY25.
Under the partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with these vehicles to ensure effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producer and consumer.
This collaboration aims to enhance rural logistics and enable villages to become independent centres of economic ...

Used commercial vehicle sales see uptick amid auto sector slowdown

The vehicles will be supplied in 2026 as part of a cooperative project in the South-east Asian country

Venture capital firm Peak XV Partners has reshuffled senior leadership, promoted Abhishek Mohan as general partner, and renewed its strategic focus on artificial intelligence

leadership, finance sector

Enterprise AI platform Loop AI has raised $14 million in a Series A round led by Nyca Partners to expand its product suite and scale teams across the US and India

startup funding, startups

Mortgage-technology lender plans pan-India expansion as investors double down on India's housing finance growth

Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.

D-Propulse is building an indigenous rotating detonation engine (RDE)-based propulsion system

IAN Alpha Fund

Sam Altman also addressed ongoing tensions with Musk and the frequent criticism Musk directs at OpenAI, particularly around safety

Sam Altman

Last month, the Supreme Court asked the CBI and ED to file status reports on their investigations into alleged large-scale banking and corporate fraud

ED links Anil Ambani firms to loan diversion; summons him August 5

Anil Ambani

RBI has approved the appointment of former SBI managing director Vinay Tonse as Yes Bank's MD & CEO for three years, subject to shareholder approval

Yes Bank, yes bank New Logo

AWL Agri targets 7-8% edible oil volume growth, banks on capacity expansion and a demand recovery led by rural markets and staples consumption

AWL Agri

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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