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

Bhagwati Products has leased 430,000 sq ft in Oppo's Noida plant to expand smartphone output, marking another major industrial space deal amid strong demand in NCR's manufacturing hubs

smartphone manufacturing, PLI Scheme

Nasscom has urged tech firms to strengthen cybersecurity frameworks as West Asia conflict heightens risks, advising measures ranging from credential resets to DDoS readiness and supply-chain audits

Nasscom logo

IT services company Tech Mahindra on Monday strongly denied market speculations around a possible significant reduction in headcount.
Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration.
The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount.
"The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount.
"In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.

Tech Mahindra, stock market trading, IT stocks

Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration

Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut

Tech Mahindra

Puravankara has signed a joint development agreement for a 4-acre land parcel on Hennur Road, Bengaluru, adding a project with an estimated GDV of over ₹1,300 crore to its growth pipeline

Puravankara housing project

Reliance Retail has acquired beauty and wellness brand Pahadi Local, with the founding team continuing in key roles as the company expands the label across retail and digital platforms

Reliance Retail

Bengaluru-based aerospace manufacturer Hical Technologies on Monday said that Dassault Aviation has awarded it long-term contract to manufacture products for critical Rafale fighter aircraft control systems applications.
In a statement, Hical Technologies said it will deliver mission-critical products that meet Dassault Aviation's stringent engineering, qualification, and reliability standards under the agreement.
"Hical Technologies has demonstrated a strong commitment to quality and reliability - values that strongly align with Dassault Aviation's heritage of excellence," said Bruno Coiffier, Senior Executive Vice President, Procurement and Purchasing, Dassault Aviation.
"This milestone is a testament to the years of engineering investment, precision manufacturing discipline, and quality culture that our teams at Hical have built," said Yashas Jaiveer, Managing Director, Hical Technologies.
"Being entrusted with critical products for the Rafale, one of the most sophisticated figh

rafale, defence, air force

The Bengaluru-based firm said that its inclusion in the Rafale programme positions India as a strategic contributor to one of the world's most operationally active fighter aircraft platforms

The collaboration is aimed at solving such issues faced by direct-to-consumer (D2C) companies

PayU India, PayU

Snabbit has launched Kavach, a platform-embedded safety system that proactively monitors risk and triggers escalation during home-service jobs, strengthening protection for women workers

Snabbit

StrideOne has raised ₹100 crore in equity and structured debt and appointed industry veteran Rajesh Sud as co-founder and chairman as it strengthens governance and scales its MSME credit platform

Rajesh Sud, co-founder and chairman, StrideOne

Arnya Real Estates Fund Advisors raises ₹1,030 crore in the first close of its real estate equity fund with Supreme Universal to back redevelopment-led housing projects in Mumbai and Pune

Real estate

Hinduja Group is expanding AI across automotive, insurance, energy and healthcare businesses, with early deployments already improving efficiency and generating new digital revenue streams

Amit Saharia, Hinduja Group president — strategy

Varun Beverages says expanded capacity, a diversified portfolio and its Africa strategy support confidence in a strong recovery, despite last year's weather-led demand disruption

Ravi Jaipuria, Non-Executive Chairman, Devyani International

Cars24's India used-cars chief Himanshu Ratnoo has resigned as the SoftBank-backed firm restructures leadership while pushing for profitability targets and preparing for a potential IPO

Cars

Jay Chaudhry warns that hijacked Artificial Intelligence agents could become the next major cybersecurity risk for enterprises

Jay Chaudhry, Zscaler founder, billionaire

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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