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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Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

IndiGo and Sarvam are working on AI applications for customer service, employee productivity and airline operations, with successful use cases set to be scaled up

Funding, Fund raising, Funding round

The/Nudge Foundation's investment platform will provide ₹2 crore to ₹16 crore in patient capital to seed-to-Series A ventures serving India's Next Billion across livelihoods and climate resilience

investment, funds, funding

Commerce and Industry Minister Piyush Goyal on Wednesday proposed an India-Japan startup pitching series, on the lines of the popular 'Shark Tank' format, to connect young startups from the two countries with investors and potential business partners.
Addressing a roundtable on startups, Goyal said such pitching sessions could be organised virtually, leveraging digital connectivity, to facilitate greater interaction between Indian and Japanese startups.
"India and Japan can develop a pitching series, something like the Shark Tank initiative, that can help young startups pitch," Goyal said.
He said Indian startups could pitch their ideas to Japanese investors, while Japanese startups could seek partners and business opportunities in India.
"In this world of global connectivity through Zoom calls and the internet, I think we can have more and more pitching sessions where Indian startups pitch for Japanese investments and Japanese startups pitch for partners in India," he said.
Goyal

Piyush Goyal, Piyush

"India and Japan can develop a pitching series, something like the Shark Tank initiative, that can help young startups pitch," Commerce and Industry Minister Piyush Goyal said.

Cheap open-source AI models could widen the cyberattack threat as adversaries gain access to powerful tools without the cost of frontier models

Meerah Rajavel, chief information officer (CIO) at Palo Alto Networks

Dissenting lenders allege five entities linked to Subhash Chandra's family helped push through a repayment plan proposing Rs 6.5 crore against admitted claims

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Regulator imposes penalties totalling ₹1.05 crore over alleged lapses in the ₹44.87 crore SME IPO, including misleading disclosures and concealment of material facts

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TVS Motor has appointed Peyman Kargar as CEO from January 2027, with K N Radhakrishnan continuing until then and subsequently serving as a non-executive director

Peyman Kargar

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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

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

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

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