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

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Business Standard

The group has proposed two nuclear power plants, a thermal power station and pumped storage projects, with the plan to undergo detailed scrutiny before any approval

Adani Group

The company expects exports to contribute 35 per cent of FY27 revenue as demand improves in North America and Europe, helping absorb newly created manufacturing capacity

Ramkrishna Forgings Ltd (RKFL) | Photo: Company website

India's ITC reported ​a 27% fall ​in quarterly profit ‌on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed ‌on demand for pricier brands

ITC limited

Reuters

Embassy Reit expects strong leasing demand to continue, targets 92 per cent occupancy in FY27 and is evaluating Hyderabad expansion with a 1.5 msf development pipeline

Amit Shetty, chief executive officer of Embassy Office Parks REIT

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A man waits at a bus-stop with an advertisement of Larsen &amp; Toubro outside the company's manufacturing unit in Mumbai

Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches

Adani Energy Solutions

Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team

Hazrati's exit is significant as the company has pivoted to focus on financial services and loyaltyHazrati's exit is significant as the company has pivoted to focus on financial services and loyalty

Hazrati's exit is significant as the company has pivoted to focus on financial services and loyalty

The funding from SBI, REC and Canara Bank will support hybrid and utility-scale solar projects being developed for Maharashtra and Gujarat state utilities

Vineet Mittal, Avaada

Sovereign AI startup appoints former Mistral and xAI executive as adviser as it expands globally and builds a one trillion-parameter foundation model

Sarvam AI

The made-in-India satellite battery-powered an experimental payload at an altitude of 450 km, validating its performance through launch and harsh orbital conditions

Powerbank-50

Battery Ventures and NewRoad Capital co-lead funding as startup expands AI agents that automate procurement and supply-chain spending for Fortune 500 companies

Freehand founders Abhijeet Manohar and Nitin Jayakrishnan

Sarvam plans to launch a trillion-parameter AI model within six months and says it is open to government ownership as India advances its sovereign AI ambitions

Pratyush Kumar Cofounder, Sarvam

NTT Data says India remains its most important payments market despite zero MDR challenges, as it expands Adaptis and invests in value-added payment solutions

(L-R) Shinichiro Nishikawa, head, global payments strategy & transformation section, NTT Data Japan; Takeo Ueno, whole-time director & CEO, NTT Data Payment Services India; Rahul Jain, CFO, NTT Data Payment Services India (Photo: Kamlesh Pednekar)

Canara Bank expects to raise up to $2.5 billion through FCNR(B) deposits and overseas borrowings as it guides for stable margins and healthy credit growth

Brajesh Kumar Singh MD & CEO, Canara Bank

V. Jayasankar and Sourav Mallik appointed managing directors and co-CEOs, while Srinivasan takes on a strategic advisory role from August 1

S Ramesh , MD & CEO, Kotak Investment Banking

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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