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

Wells Fargo & Co. and Morgan Stanley are also tapping the high-grade bond market, a day after JPMorgan Chase & Co. kicked off the sector's latest round of note sales with a $6 billion transaction

Goldman Sachs Group Inc

Bloomberg

Angel One on Thursday reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter as rising operating expenses weighed on margins.
The company had posted a PAT of Rs 281.5 crore in the corresponding year-ago quarter.
However, the broking firm registered a 5.8 per cent increase in total income to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing.
Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, driven primarily by higher employee benefit costs, employee stock ownership plan (ESOP) expenses and other operating expenses.
The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Rs 1 each.

Angel One

The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of ₹10 will be subdivided into 10 equity shares of ₹1 each

HUL's Gandhidham and Pondicherry plants have been recognised by the World Economic Forum as Advanced 4IR Lighthouses, taking the company's total Lighthouse sites to five

Hindustan unilever, HUL

"You have to be strong in India to be strong outside India," said CEO Elie Maalouf on catering to India's growing number of outbound travellers alongside China

Elie Maalouf, chief executive officer, IHG Hotels & Resorts

The company sold 16,428 homes with a total saleable area of 27.26 million square feet (msf), driven by 41 project launches across India during the year

Godrej Properties, Godrej One

Auto-tech firm says higher-margin retail and financing businesses are reshaping its profit profile

Shivanshu Makkar, CFO, CARS24

As inflation eased and the job market cooled, the Federal Reserve turned more dovish, driving strong inflows into BlackRock's fixed-income products

Blackrock

Reuters

Quick home-services platform brings on Pync's founding team as it expands into new categories and cities

Pync Founding Team, Harsh Prateek, Dev Priyam and Mayank S

Aule Space has raised $2 mn in pre-seed funding led by pi ventures to build autonomous satellite jetpacks that dock with geostationary

start up

The fleet management startup operates over 3,000 vehicles in several Tier 1 cities and aims to scale operations with the new capital

CarDekho Group

Ride-hailing giant expands employee transportation services as GCCs fuel demand

Nikolaas Van de Loock, General Manager, Uber Shuttle, EMEA and India

Vikram Sahu says the country is central to the bank's global growth, citing strong GDP prospects, rising client demand and robust IPO and M&A momentum

Vikram Sahu, India CEO and Country Executive, Bank of America

LTTS CEO Amit Chaddha says the mobility business is set for a turnaround from Q4 as the firm pivots to engineering intelligence and reshapes its portfolio under a new five-year strategy

Amit Chaddha, chief executive officer (CEO) and managing director (MD), L&T Technology Services (LTTS)

TCS CEO K Krithivasan talks about his vision of AI-first TCS and shift in its strategy towards acquisition

K Krithivasan, chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services (TCS)

TCS, for the first time, disclosed revenue from AI. Annualised AI revenue grew 17.3 per cent sequentially to $1.8 billion

Samir Seksaria, Seksaria, Samir

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

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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