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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Footwear major Bata India Ltd on Thursday announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer.
Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business, Bata India Ltd said in a regulatory filing.
He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets, it added.
Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe.
Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia and China, the company said.
He has also served as Country Director for Guess in France and holds an MBA from INSEAD, it added.,
"Sanjay brings deep retail and consumer experien

Bata India

Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business

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Italian multinational FILA Group, one of the promoters of DOMS Industries, has divested a 7 per cent stake in the company for Rs 934 crore through open market transactions, according to the bulk deal data on the NSE.
Meanwhile, SBI Mutual Fund (MF) and Axis MF have increased their holdings in DOMS Industries by purchasing a combined stake of 2.13 per cent for Rs 285 crore.
DOMS manufactures and markets a wide range of stationery and art materials, while FILA Group is a supplier of art materials and has a portfolio of 25 iconic brands.
FILA -- Fabbrica Italiana Lapis ed Affini SPA offloaded over 42.48 lakh equity shares in two tranches, representing a 7 per cent stake in DOMS Industries, as per data on the National Stock Exchange (NSE).
The shares were sold in the price range of Rs 2,200.07-2,200.55 apiece on Wednesday, taking the combined transaction value to Rs 934.74 crore.
Following the transaction, Fila Group's shareholding in DOMS Industries has come down to 19.01 per cent fr

DOMS-FILA

SBI Mutual Fund (MF) and Axis MF have increased their holdings in DOMS Industries by purchasing a combined stake of 2.13 per cent for ₹285 crore

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