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

With Rajesh Exports facing regulatory pressure and concerns about LIC's exposure to the beleaguered gold jewellery firm, Chairman Rajesh Mehta has distanced himself from the insurer's investment decisions, arguing that ordinary retail shareholders stand to gain regardless of how the situation plays out.
"LIC has not purchased the shares yesterday or last year. LIC's purchases are over a period of time, approximately 20 years. These shares have been taken by LIC from the open market, from the stock market," Mehta told PTI in an interview.
Currently, LIC holds a 10.80 per cent stake in Rajesh Exports.
Mehta was categorical that neither he nor other promoters had any role in LIC's accumulation of the stock.
"No promoter has ever sold his shares to LIC. The company has never made any placement to LIC. By the buying of shares by LIC, the company or the promoters have never benefited in any manner," he said.
Mehta said the company had no relationship with or knowledge of LIC's investmen

Rajesh Exports

The stock of Rajesh Exports Ltd has tumbled over 14 per cent since June 3, and hit a new lower circuit limit of Rs 94.50 on Monday

Tata Trusts confined discussions to routine matters, deferring decisions on N Chandrasekaran's tenure and Tata Sons' potential listing amid legal challenges

Tata Trusts, Bombay House

Having tied up with a Chinese company to produce cars, can JSW snag another such deal to make lithium-ion batteries?

Rapido says it has captured up to 40% of India's cab ride market, onboarded 500,000 drivers and plans expansion into e-rickshaws and more cities

Rapido’s cofounder Aravind Sanka said 90 per cent of cab drivers were concentrated in and around  15-20 top Indian cities

Rapido's cofounder Aravind Sanka said 90 per cent of cab drivers were concentrated in and around  15-20 top Indian cities

As PhysicsWallah scales rapidly, some mentors say academic roles are increasingly tied to student retention and renewals, a claim the company disputes

PhysicsWallah, PW, edtech

German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios with effect from July 1.
The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement.
"To protect our premium standards against macroeconomic headwinds -- specifically rupee depreciation and escalating logistics costs -- we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1," said Hardeep Singh Brar, President and CEO, BMW Group India.
BMW India's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models.
Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU).

BMW Group India will raise prices by up to 2% across BMW and MINI models from July 1, citing rupee depreciation and higher logistics costs

CopperTech Metals, preparing for a US listing, said Konkola Copper Mines will require continued financial support from Vedanta to sustain operations and fund expansion plans

Vedanta

TrueFan AI raised $10 million to expand globally and scale its enterprise video-generation platform powered by AI avatars and automation

TrueFan AI | Image: LinkedIn

The data and AI platform said the Series F round values the growing role of monitoring software in managing increasingly complex AI workloads

artificial intelligence

The funding from NABVENTURES and IAN Alpha Fund will help Aquapulse expand farm technology, procurement networks, processing capacity and seafood exports

Abhishek and Abhilash - Aquapulse

Bengaluru-based electric two-wheeler maker raises Rs 250 crore in Series B funding and plans capacity expansion as it targets a public listing in the second half of FY28

Simple Energy

Canara Bank expects ₹1,000-2,000 crore in FCNR(B) inflows, aims to boost CASA deposits and reduce reliance on bulk deposits under its new CEO

Shri. Brajesh Kumar Singh, MD & CEO, Canara Bank

Amazon India Country Manager Samir Kumar on the company's $35 billion bet, the quick-commerce race, and why he believes it's still early innings for e-commerce in India

Samir Kumar

India's green hydrogen sector has reached a tipping point, says IFC, as improving economics, policy support and rising industrial demand drive market growth

Imad N Fakhoury, Regional Division Director for South Asia, International Finance Corporation (IFC)

Novo Nordisk plans to defend its obesity drug leadership in India as semaglutide patent expiry fuels competition from nearly 50 new market entrants

Vikrant Shrotriya, managing director of Novo Nordisk India

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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