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

Global and domestic institutions bought a 2.3% stake in Lenskart for ₹1,960 crore as ADIA trimmed its holding ahead of the eyewear firm's market debut

Lenskart

The action was taken after the FDA inspected the factory and flagged data integrity and maintenance lapses

Dabur

Reuters

Vodafone Idea chairman Kumar Mangalam Birla said the telecom operator is entering a stronger phase as shareholders approved a ₹4,730-crore promoter funding plan

Aditya Birla group Chairman KM Birla said that the focus now shifts firmly to execution

: Goldman Sachs, MCP Emerging Markets and other financial institutions on Thursday picked up more than 44 lakh shares, representing nearly a 4 per cent equity stake, of GNG Electronics, the parent company of Electronics Bazaar, for a total of Rs 175 crore through open market transactions.
GNG Electronics promoter Vidhi S Khandelwal pared around 4 per cent stake in the company on Thursday, according to an exchange filing.
Shares of the company jumped more than 6 per cent to close at Rs 418.60 apiece on the NSE.
Domestic institutional investors such as Mirae Asset Mutual Fund (MF), ITI MF, Edelweiss MF, Trust MF, and Motilal Oswal Equity Opportunities Fund Series II also bought shares of GNG Electronics.
These entities collectively purchased 44,87,203 shares representing a 3.94 per cent stake in Mumbai-based GNG Electronics, according to the block deal data available on the National Stock Exchange (NSE).
The shares were picked up at an average price of Rs 390 apiece, taking the comb

Goldman Sachs Group Inc

GNG Electronics promoter Vidhi S Khandelwal pared around 4 per cent stake in the company on Thursday, according to an exchange filing

The Hyderabad-based company, which works with more than 250 cacao farmers in Andhra Pradesh, plans to open new stores in the Delhi-NCR region

Manam Chocolate

The tender also attracted bids from metals giant JSW Group and conglomerate Shapoorji Pallonji Group

Dharavi Redevelopment Project

The 1.5 million sq ft development near Bengaluru airport will house a convention centre, performing arts venue, hotels, offices and retail spaces, with completion targeted by 2031

(L-R) Rezwan Razack, JMD, Prestige Group, Irfan Razack, CMD, Prestige Group, Hari Marar, MD & CEO, BIAL, Omer Bin Jung, JMD, Prestige Hospitality Ventures Limited

The startup, founded by former Lyft self-driving executives, plans to expand its India engineering team as demand grows for AI-powered physical security solutions

Ashesh Jain, Co-Founder & CEO of Coram AI

The Bengaluru-based deep-tech startup will use the capital to expand precision manufacturing capacity, build a mega factory and strengthen its presence in global aerospace and defence markets

investment, funds, funding

As defence and space-tech ventures move from design to deployment, many are expanding testing, manufacturing and training operations into smaller cities to access land, airspace and lower costs

artificial intelligence, AI applications, Indian startups, Silicon Valley, Gnani.ai

Prasanna Kumar walked away from the corporate life to solve the supply chain problem he saw as a child and built VilCart - an e-com startup for 100,000 kirana stores across rural South India

(On left ) C.Prasanna Kumar, Founder & CEO, VilCart at one of the warehouses

Ekta Kapoor says short-form content may grab attention, but enduring entertainment businesses will be built on strong intellectual property and loyal audiences

Ekta Kapoor

Alvarez & Marsal executives Steve Wallace and Himanshu Bajaj discuss AI adoption, return on investment, ethical safeguards and growth opportunities across global markets

Alvarez & Marsal’s (A&M’s) Managing Director and Chief Operating Officer Steve Wallace, and the company’s India head and MD Himanshu Bajaj, who also leads A&M’s India global capability centre

Alvarez & Marsal's (A&M's) Managing Director and Chief Operating Officer Steve Wallace, and the company's India head and MD Himanshu Bajaj, who also leads A&M's India global capability centre

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

Rajneesh Karnatak, MD and CEO, Bank of India

Rajiv Bajaj has informed the company that he will not seek re-election at the annual general meeting (AGM) scheduled for July 31

rajiv bajaj baja auto ceo

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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