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

Ramky Estates has acquired stalled Skylark residential projects in Bengaluru, aiming to revive construction, ensure delivery, and unlock revenue potential of around Rs 2,000 crore

real estate, MUFG

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code

Supreme Court

Invesco MF plans to expand distribution, enter new product segments, and seek a GIFT City licence as it charts its next phase of growth after a recent ownership change

Saurabh Nanavati, MD & CEO, Invesco Mutual Fund

Flipkart has appointed senior leaders in legal and corporate development, strengthening governance and strategic capabilities as it prepares for its next growth phase and a potential IPO

Flipkart

Epic Group has opened its first garment manufacturing unit in India with a $100 million investment, aiming to boost exports, create jobs and strengthen Odisha's role in global supply chains

odisha, inauguration, women

Sun Pharma plans to refinance bridge loans into long-term debt within 18 months after its Organon deal, while prioritising deleveraging through strong cash flows

Sun Pharma

Sun Pharma sees its Organon acquisition as a platform to expand globally, boost in-licensing, and improve long-term efficiencies through a stronger commercial front-end

Natasha Malpani of Boundless Ventures argues that robots and drones trained under Indian conditions develop resilience no US lab can replicate - and her fund is placing early bets on that hypothesis

Malpani trained as an immunologist at Oxford, spent five years investing in healthcare at a billion-dollar fund in London, and later earned an MBA from Stanford

Venture capital firms in India are creating structured programmes to help AI startups enter the US market, offering capital, relocation support, and access to networks and customers

artificial intelligence

Startup which builds tools and execution platform for active investors raised Series B in a round led by Accel with participation from Elevation Capital

startup funding investment

Funding co-led by Susquehanna, Mirae Asset and Bertelsmann to drive expansion, improve unit economics and strengthen operations in India's fast-growing home services market

Snabbit

SBI Life Insurance to push policy sales in FY27, expects steady growth and stable margins despite regulatory changes and product mix shift

amit jhingra, sbi

He said net interest margins have bottomed out and will increase in the current financial year

Swarup Saha, MD & CEO of Punjab & Sind Bank

Beverage major says it will continue investing in India to expand reach, build capabilities and drive long-term growth despite the market still being far from maturity

Henrique Braun, Coca-Cola

Appointment of Nobuo Okochi as CFO follows Amit Harlalka's elevation to CEO, ensuring leadership continuity as AMNS India advances expansion and long-term growth plans

Nobuo Okochi

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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