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

Diversified public sector enterprise Balmer Lawrie & Co Ltd is expanding its domestic logistics operations, including rail logistics and third-party logistics, while aligning its travel businesses with the growth in domestic tourism as geopolitical tensions and tariff protectionism disrupt global supply chains.
Addressing the company's 109th Annual General Meeting here on Monday, its Chairman Adhip Nath Palchaudhuri said the company was adapting its operations to an increasingly volatile global environment, where geopolitical developments and national security considerations were increasingly influencing global trade.
The company is expanding its supply chain touchpoints with greater emphasis on domestic logistics operations, including its new rail logistics and third-party logistics businesses, he said.
Balmer Lawrie's logistics business already provides integrated supply chain solutions through its network of container freight stations, warehouses and specialised cold-chain ...

Balmer Lawrie

The company is expanding its supply chain touchpoints with greater emphasis on domestic logistics operations, including its new rail logistics and third-party logistics businesses

JSW Energy plans to raise around ₹1,500 crore through up to five-year bonds, while JSW Steel could raise around ₹1,350 crore via three-year or four-year debt

Reuters

Dilip Buildcon has been selected by RECPDCL for a Maharashtra intra-state transmission project, with its EPC component valued at ₹1,265 crore excluding GST

power grid, electricity grid

Biocon's Pertuzumab has received a positive EMA CHMP recommendation, becoming the first biosimilar to clear the agency's new tailored clinical development approach for HER2-positive breast cancer

Biocon Biologics, Biocon logo

Plans to nearly triple output from TN plant by 2027

Shailesh Hazela CEO & MD, Stellantis India

Both sides are being advised by lawyers who have represented India's biggest companies, and have also recently hired senior counsel who are among the country's top litigators

Tata Group, Tata, Tata Sons, Tata Trusts

Bloomberg

Legal opinion with Tata Sons suggests casting vote in order

Bombay House

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,

Manish Sharma, the former Panasonic India Chairman & CEO, has joined farm- and construction-equipment major Escorts Kubota, according to a regulatory filing.
Sharma, a veteran consumer durables and manufacturing executive, has joined as President of Escorts Kubota's Agri Business, the company's largest business segment.
He will be responsible for the Tractor Business Division, Agri Solutions Business Division and Service and Spare Parts Business Division in domestic and international  markets, Escorts Kubota said in a regulatory filing on Monday.
This move marks a new chapter for Sharma, who has over three decades of experience in the appliances and consumer electronics industry, including a 17-year long leadership role at Panasonic India.
His appointment comes at a time when Escorts Kubota is sharpening its focus on technology-led farm mechanisation, exports and premiumisation of its tractor portfolio amid increasing competition in the agricultural machinery sector.
Founded by ..

Escorts Kubota

Sharma, a veteran consumer durables and manufacturing executive, has joined as President of Escorts Kubota's Agri Business, the company's largest business segment

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

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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