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

Legal opinion with Tata Sons suggests casting vote in order

Bombay House

Seven out of its 16 unlisted subsidiaries reported a net loss in FY26 led by Air India

Tata Sons loss making subsidiaries reported combined net loss

Semiconductor equipment maker ASML has started operations in India and plans to hire 20-30 young engineering graduates initially to meet its requirement, a senior official of the company said.
Speaking on the sidelines of SEMICON India 2026, ASML Executive Vice President and Head of Customer Support Lin Kiat Yap told PTI that the company's scaling-up plan depends on the success of Tata Electronics chip unit in India and the ambition of India to grow in the semiconductor space.
Asked about when his company is going to start India operations and scale it up, Yap said, "Right now", and added, "We are probably going to start off at 20-30 people. We will see how fast it scales. It really depends on the ambitions of India, and it really depends on the ambitions of Tata."
ASML provides advance lithography technology which enables making circuits on silicon wafers. In a way, it paves the foundation of converting a silicon wafter into an active component.
The company has a monopoly in advan

ASML

The company has a monopoly in advanced lithography technology, and no advanced chip in the world can be made without its equipment

Speciality Restaurants' Anjan Chatterjee on liberalisation, scaling brands, competition and the challenges confronting India's restaurant industry

image

Last week, Lam Research India announced its plan to invest ₹10,000 crore in India

Rangesh  Raghavan Lam Research

The 3,200 MW ultra-supercritical thermal power plant at Chapar will be commissioned in phases from December 2030 and is expected to generate 5,000 jobs once operational

Himanta Biswa Sarma, Himanta Biswa, Himanta

The state-run miner plans to scale up research spending across mining, critical minerals, clean coal and energy-transition technologies, with the annual outlay reaching Rs 500 crore by FY30.

Mumbai-based Vytalyou has raised Rs 8-10 crore at a valuation of around Rs 33 crore to expand its network in Mumbai and enter other major Indian cities in 2027

healthcare, doctor

E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.

quick commerce

The fresh produce platform plans to scale its zero-inventory model into three more metros and is targeting three-fold to five-fold year-on-year growth

Handpickd founder and chief executive officer, Anant Goel

Flam plans to use the fresh capital for research and development of its AI models, expanding its product suite and scaling enterprise sales globally

artificial intelligence, AI,

India must leverage its growing design capabilities to build globally competitive products and strengthen its position in innovation, says Endiya Partners managing director Sateesh Andra

Sateesh Andra

FlexiLoans co-founder Ritesh Jain discusses MSME credit, regulatory changes, flexible working capital and the growing role of co-lending

Ritesh Jain, Cofounder, FlexiLoans

ITC Chairman & MD Sanjiv Puri and ITC Infotech MD and CEO Manas Chakraborty talks about the rationale and synergies behind the acquisition of Happiest Minds

(From left) Sanjiv Puri, Chairman & MD, ITC; and Manas Chakraborty, MD & CEO, ITC Infotech

Harshad Patwardhan says prolonged high oil prices remain a key risk, while investors under-exposed to equities should consider gradually increasing exposure through a 6-12 month STP

Harshad Patwardhan, Chief Investment Officer, Union AMC

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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