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

HPCL hopes to start crude processing at its 180,000 bpd Barmer refinery in Rajasthan by the end of January, making it India's 2nd -largest state-run refiner, behind Indian ‌Oil Corp

Hindustan Petroleum, HPCL

Reuters

Adani Group and Brazilian major Embraer on Tuesday announced a strategic collaboration that aims to have a final assembly for regional transport aircraft in India.
India is one of the world's fastest growing civil aviation markets and the partnership will look to help enhance air connectivity to Tier 2 and 3 cities.
The partnership was announced at a function at the civil aviation ministry in the national capital on Tuesday.
Civil Aviation Secretary Samir Kumar Sinha said the collaboration is not just about assembling a regional aircraft but also about progressive technology transfer, skilling, having robust supply chain as well as making India a trusted manufacturing hub for regional aircraft.
Adani Defence & Aerospace Director Jeet Adani said with the Embraer collaboration, a regional aircraft manufacturing facility will be set up in India.
Embraer makes commercial jets with up to 150 seats.
With the partnership, Adani Group, which already has a good presence in the fast-growin

adani

Adani Defence & Aerospace Director Jeet Adani said with the Embraer collaboration, a regional aircraft manufacturing facility will be set up in India

In 2024, the ​USFDA issued a warning letter to Sun Pharma alleging 'significant violations' of 'current good manufacturing practice' ‍regulations for pharma made at the same production site in India

Teleperformance India says AI is driving a shift from low-end bpo work to outcome-based, higher-value services, reshaping billing models, productivity and hiring strategies

TP India head Maneesh Daga

In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore

Waaree Renewable Technologies

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

PropEquity parent PE Analytics will partner with the University of Cambridge to set up India's first real estate school in Gurugram, with academic operations planned for 2027

Cambridge

The startup group has asked the government to reassure global investors of a stable investment environment, asking it to issue a clarification that pre-2017 investments would not face taxes

Tiger Global, Supreme Court

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Trai

RBI's in-principle approval allows Payoneer India to expand cross-border payment services for importers and exporters, even as 19 entities have already received full PA-CB authorisation from regulator

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Rachit Parekh and Shekhar Kirani, partners at Accel.

Meta Platforms has been sued by an international group of plaintiffs over claims related to WhatsApp's privacy and data security

Elon Musk

Piramal Finance MD Jairam Sridharan says bank rate transmission to NBFCs remains weak, prompting a stronger shift towards lower-cost DFI funding

Jairam Sridharan, MD & CEO, Piramal Finance

JSW Steel bets on India's demand story, plans over ₹2 trillion capex and 56 mt capacity by FY31 amid global trade barriers and price volatility

Jayant Acharya Joint MD & CEO JSW STEEL

J&K Bank expects gross NPAs to fall below 2% in two years as recoveries stay strong, even as margins face pressure from cumulative repo rate hikes

Amitava Chatterjee, Managing Director and Chief Executive Officer (MD&CEO), Jammu and Kashmir Bank

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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