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

Nirma Group-promoted cement maker reports record quarterly Ebitda as revenue growth, operational efficiencies and lower finance costs lift first-quarter earnings

Nuvoco Vistas'

Mylan, part of global healthcare company Viatris, plans to sell up to 92 million shares in Biocon through a secondary offering valued at as much as Rs 34.81 billion

Biocon Biologics, Biocon

Reuters

The Delhi High Court recorded SpiceJet and Managing Director Ajay Singh's undertaking to pay Rs 140 crore to KAL Airways and Kalanithi Maran in an arbitration award dispute

SpiceJet Chairman Ajay Singh poses for the photo in front of in front of Boeing 737 max SpiceJet (Photo: ANI)

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

The Tata group’s unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group’s financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

The Tata group's unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group's financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub

Hiring, artificial intelligence, Engineers, engineers unemployment

Flipkart on Monday said it would deepen its long-term investments in West Bengal, expanding its supply chain infrastructure, seller ecosystem and skills initiatives in the state, which houses the company's largest fulfilment centre in India.
The Walmart-owned e-commerce company said West Bengal is home to its largest fulfilment and logistics hub, located at Haringhata, and remains central to its long-term growth strategy.
The Haringhata campus has a storage capacity of 5 million cubic feet across six mezzanine levels and features automated storage and retrieval systems, robotic packaging arms, cross-belt sorters and a nine-kilometre conveyor network.
Flipkart said the facility is the first e-commerce fulfilment centre of its scale in India to receive the Indian Green Building Council's Platinum certification.
Across West Bengal, the company operates more than 300 fulfilment centres, mother hubs and last-mile delivery facilities, supporting more than 120,000 direct and indirect jobs

CEO Kalyan Krishnamurthy said that AI was no longer experimental, but central to how it built products and served customers

The Walmart-owned e-commerce company said West Bengal is home to its largest fulfilment and logistics hub, located at Haringhata, and remains central to its long-term growth strategy

Adie Broswon Breweries has entered a long-term manufacturing deal with United Breweries, with its large-scale brewing facility set to support regional production

Adie Broswon Breweries has signed a long-term manufacturing arrangement with UBL

The private investment firm has invested in these AI companies from January 1, 2021, to date, participating in 19 funding rounds ranging from seed-stage investments to mature Series F rounds

Azim Premji, founder chairman, Wipro

Nilekani made his largest personal commitment to a venture firm as Fundamentum expanded its leadership team and reaffirmed its focus on backing Series B startups

(L-R) Mayank Kacchawaha, Sanjeev Aggarwal, Prateek Jain and Sanjay Chaturvedi

EV mobility platform Milo Drive has raised $2.4 million in a seed funding round led by Caret Capital to strengthen its technology platform and scale operations

milo drive

The fintech firm expects software-as-a-service products to contribute 40 per cent of revenue over the next 18 months as smaller banks seek greater control over payments, said co-founder Rajesh Londhe

Co-Founder and Head of Payments at PhiCommerce

Balasubramanian said the Reserve Bank of India's recent measures to attract foreign capital could bring as much as $75 billion in inflows

K Balasubramanian, Citi India CEO

Jio Platforms has replaced Kiran Thomas as chief executive officer with Pankaj Pawar ahead of its planned initial public offering, according to the company's draft IPO papers.
The draft papers, submitted to capital markets regulator Sebi in June, mentioned that Thomas resigned as CEO on March 23, with Pawar taking charge the following day, March 24.
Pawar, 53, also serves as managing director of Reliance Jio Infocomm Ltd.
"Pankaj Mohan Pawar, aged 53 years, is the Chief Executive Officer of the Company and also serves as the managing director of Reliance Jio Infocomm Limited. He has been associated with the Reliance Group since 2000, and has close to three decades of experience in building and scaling large consumer and digital services businesses," the draft IPO papers said.
Thomas, who previously served as president of Reliance Industries, does not feature among Jio Platforms' key managerial personnel in the draft prospectus, even though he has been visible in each presentation o

The draft papers, submitted to capital markets regulator Sebi in June, mentioned that Thomas resigned as CEO on March 23, with Pawar taking charge the following day, March 24

The venture capital firm's investments in TensorWave and Neysa reflect its belief that compute, cloud, power and security infrastructure will capture AI's long-term value

Utkarsh Malhotra

Restructuring positions biotech arm to focus on biologics and biosimilar

Samit Mehta

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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