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

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

Federal Bank

The IT services firm plans to scale its frontier-certified engineers to 5,000 and frontier business operators to 10,000 as enterprise AI adoption gathers pace

Cognizant

The South Korean financial services firm will invest through compulsorily convertible preference shares to support Choice Equity Broking's expansion plans

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The company said India was among its key growth markets, with strong performance in convenient foods and beverages supporting international organic revenue growth

PepsiCo, Pepsi

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

L-R: Thierry Sabbagh, Guillaume Cartier, Massimiliano Messina and Saurabh Vatsa at the launch of the Nissan TIKTON SUV in Mumbai. (Photo: Kamlesh Pednekar)

Drugmaker says it will supply 6-7 million pens in the last two quarters of FY27 and restart production by November after resolving the API-related quality issue

Erez Israeli, chief executive officer, Dr Reddy’s Lab

Erez Israeli, chief executive officer, Dr Reddy's Lab

The Singapore-headquartered lender's India arm reported robust FY26 earnings, aided by healthy loan growth, improved asset quality and a stronger capital position following a capital infusion

DBS Bank

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

Amazon says customers using its generative AI-powered shopping tools are three times more likely to make purchases, with adoption in India rising sharply year-on-year

Kishore Thota, Director, Shopping, India & Emerging Markets, Amazon

HDFC ERGO CEO Parthanil Ghosh says the insurer will prioritise profitable growth, retail health and motor insurance, while expanding AI-driven underwriting and claims management

Parthanil Ghosh, managing director and chief executive officer, HDFC ERGO

Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%

Mahesh Pai

TAFE is strengthening supply chains and localisation amid rising costs while preparing to launch its electric tractor in Europe later this year

(L) Mallika Srinivasan, Chairman & Managing Director, Tafe, (R) Lakshmi Venu Vice Chairman, Tafe

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

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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