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

Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something

quick commerce

TPG, backed by GIC and ICICI Bank, to acquire Aseem Infrastructure from NIIF, strengthening its push into India's climate and infrastructure financing

stake sale, shares, investors, investment

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

IT firms

Reuters

The Mumbai-based developer said its Gurugram luxury project, Three Sixty North, recorded bookings for about 2.31 million square feet of saleable area

Oberoi Realty

Realty firm Prestige Estates Projects Ltd has acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore as parts of its expansion plan.
Bengaluru-based Prestige Estates has entered into an investment agreement to acquire 50 per cent stake in Advent Convention and Hotels International Ltd (ACHIL), which is undertaking development of a commercial project in Mumbai, according to a regulatory filing on July 3.
Prestige and ACHIL would develop a commercial project on lands admeasuring to 21,978.22 square metre at Andheri East, Mumbai.
"The project entails a total leasable area of 1.50 million sq ft and has a gross development value of Rs 4,500 crore," it said.
Prestige Estates will infuse an amount of up to Rs 504 crore for the acquisition of the 50 per cent stake in ACHIL, the filing said.
Prestige Estates, one of the leading real estate developers in the country, builds housing, commercial (office complexes and shopping malls) and hospitality ...

Advent Convention and Hotels International Limited

The realty firm will jointly develop a 1.5 million sq ft commercial project in Mumbai's Andheri East with an estimated gross development value of ₹4,500 crore

The partnership will give Ashok Leyland customers access to Rosmerta's authorised scrappage facilities, along with support for deregistration and statutory documentation

Ashok Leyland, trucks, suspension trucks

India's deal value jumped 127% to $36.3 billion in Q2 as large overseas acquisitions lifted M&A to a four-year high, even as overall deal volumes fell 18% from the previous quarter, finds a new report

chart

Broadband technology company Sterlite Technologies Ltd has raised Rs 1,500 crore through a qualified institutional placement to primarily de-leverage debt and pursue the next phase of growth, the company said on Monday.
The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement.
The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others.
"STLhas raised Rs 1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others," the company said.
The proceeds from the QIP will be primarily utilised to substantially de-leverag

investment, funds, funding

The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others

Yotta has raised $150 million at a ₹37,000 crore valuation to expand its AI infrastructure, scale GPU capacity and support its pre-IPO growth plans

Yotta

Proptech unicorn Square Yards expects 40-50 per cent revenue growth in FY27, driven by expansion in fintech, AI-led initiatives and broader real estate services

Vivek Agarwal, Square Yards

The founding of Cult.fit goes back to 2015, when health content creator and entrepreneur Rishabh Telang launched Cult in Bengaluru as a machine-free fitness studio

Cult.fit has acquired 14 companies across nine sectors, from fitness technology, fitness and wellness chains, to food tech, spanning India, the US and Canada.

Jindal Stainless on Monday said Kunjal Mehta has been appointed the Chief Financial Officer (CFO) of the company.
His appointment is with effect from June 25, the stainless steel maker said in a statement.
"Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations. I am confident his leadership will further strengthen our financial resilience and support our upward trajectory in the manufacturing business," Jindal Stainless MD Abhyuday Jindal said.
At Jindal Stainless, he will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation.
Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. Over the course of his career, he has held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone ...

Jindal Steel LOgo

His appointment is with effect from June 25, the stainless steel maker said in a statement

Media reports have said that during the recent Tata Sons board meetings, questions were raised on the large investment in its ecommerce foray

Tata, Leadership, India's business leaders

AMD India, with a workforce of about 10,000, accounts for around 26 per cent of the company's global workforce, she said

Jaya Jagadish, country head and senior vice-president    of silicon design engineering at AMD India

Tata Group-owned Indian Hotels Company Ltd (IHCL) Managing Director and CEO Puneet Chhatwal's remuneration increased nearly 9 per cent to Rs 25 crore in FY26, according to the company's latest annual report.
Chhatwal received Rs 25 crore during the financial year ended March 31, 2026, compared with Rs 23 crore in FY25. The ratio of the IHCL MD and CEO's remuneration to the median remuneration of IHCL employees increased to 521.7 in FY26 from 506.1 in the previous financial year.
The percentage increase in the median remuneration of employees during FY26 stood at 5.5 per cent, as per the annual report. It was 4.7 per cent during the previous financial year (FY25).
During FY26, Chhatwal's remuneration package comprised Rs 14.21 crore as salary including an additional performance bonus, besides Rs 4.84 crore towards benefits, perquisites and allowances, and Rs 5.95 crore as commission.
The company said the figures exclude provisions for leave encashment, gratuity and group health ...

Puneet Chhatwal, managing director and chief executive officer at IHCL

The percentage increase in the median remuneration of employees during FY26 stood at 5.5 per cent, as per the annual report

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

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News