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

Around 75,000 sq ft of the 500,000 sq ft campus is operational, providing 100,000 annual machining hours, with capacity targeted to rise to nearly 300,000 hours

Sri City

The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion

Axis Bank Chief Executive Officer Amitabh Chaudhry

Bloomberg

Under the Tata Sons Articles of Association (AoA), SRTT and SDTT have to jointly nominate three members to the five-member selection committee.

According to sources, the agenda for the friday meeting is related to approval of projects. the tata sons leadership issue is unlikely to come up

Flipkart is testing Eat In with employees and a standalone Minutes app with select users in Bengaluru, as it prepares for wider rollouts ahead of its festive-season sale.

flipkart

Federal and state officials have raided clubs, restaurants and big brands such as Domino's and McDonald's as part of a nationwide enforcement crackdown in recent months.

The Amazon logo

Reuters

Sarvam cofounder Pratyush Kumar said India has its own AI models, access to GPUs and a growing talent pool, with financial services set to drive adoption and demand.

Pratyush Kumar Cofounder, Sarvam

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

Debadatta Chand, MD&CEO, Bank of Baroda

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Ultraviolette unveiled its first mass-market electric scooter, the Tesseract

Razorpay CEO Harshil Mathur said AI could lower personalisation costs and help startups target niches such as Gen Z payments, HNI wealth management and multilingual platforms.

Harshil Mathur, CEO & CoFounder Razorpay

The US patent covers GalaxEye's core invention for architecture and system used to align and synchronise optical and microwave sensors for simultaneous, spatially, temporally matched data acquisition

GalaxEye

Agnikul Cosmos expands reusable rocket capabilities with new Chennai testing and manufacturing facilities

Agnikul Cosmos

The resignation followed concerns identified in an internal audit review over the handling and disclosure of information relating to the board evaluation report

Coforge's non-executive Chairman O P

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

Daniel Stanton, Global Head of Transactional FX, Cross Border Real-Time Payments and Clearing, Global Payments Solutions at Bank of America (BofA)

Novartis doubles down on innovation in India, eyeing R&D, clinical trials and a stronger regulatory ecosystem while moving away from traditional generics

(From left) Judith Love, President, Asia Pacific, Middle East and Africa, Novartis; and Amitabh Dube, Country president and managing director, Novartis India

On what will make India an attractive investment destination, Love said: ''I think the number one for us to make India attractive is to create an innovative ecosystem.''

Judith Love, president, Asia-Pacific, Middle-East and Africa, Novartis

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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