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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Business Standard

The Enforcement Directorate has attached assets worth ₹1,885 crore in alleged bank fraud cases linked to Reliance group firms, taking total group attachment to about ₹12,000 crore

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HAL plans to lift civil aviation's share of revenue to 25% in a decade, banking on Dhruv NG helicopters, SJ-100 regional jets and H-228 aircraft sales

Hindustan Aeronautics Ltd, HAL

PAT grows 4% YoY impacted by one-time provision of ₹593 cr on account of the New Labour Codes

Maruti Suzuki

IndiGo CEO Pieter Elbers said that the airline is targeting over 4,000 daily flights and 200 million passengers by 2030, with early wide-body induction planned to support long-haul expansion

Pieter Elbers, chief executive officer of IndiGo

Amazon said US-based employees affected by the job cuts would be given 90 days to seek alternative internal roles, along with severance pay and transition support

amazon

TVS Supply Chain Solutions strengthens its FMCG logistics play with the ₹88 crore acquisition of Hyderabad-based Swamy & Sons 3PL

TVS Supply Chain

Adani Electricity Mumbai Ltd has received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating on par with the sovereign, according to India Ratings.
"The rating upgrade reflects strong regulatory support, improving credit metrics and sustained deleveraging, supported by stable cash flows under a cost-plus regulatory framework," India Ratings said in a statement.
Acquired in 2018 from Anil Dhirubhai Ambani Group, Mumbai utility has seen a sharp turnaround under the Adani Group. Since the acquisition, the company has more than doubled its asset base to over Rs 10,000 crore, through sustained capital expenditure to meet rising electricity demand in India's financial capital.
India Ratings cited "timely and cost-reflective tariff orders issued by the Maharashtra Electricity Regulatory Commission," adding that these have enabled "full recovery of past regulatory assets, including carrying costs, restoring regulatory balances to 

Adani Group

According to India Ratings, Adani Electricity Mumbai Ltd received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating

D-Propulse is building an indigenous rotating detonation engine (RDE)-based propulsion system

IAN Alpha Fund

Blinkit now delivers the Rs 50, zero-KYC Bharat Yatra NCMC card across major cities, making metro and bus travel easier with a single RuPay-powered mobility card

Blinkit, Bharat Yatra national common mobility card (NCMC) (Photo: Blinkit)

Series A round led by Sorin Investments backs the rollout of minimally invasive, single specialty centres

(L-R) Nivesh Khandelwal, co-founder and chief executive officer, Nivaan Care; and Vishwas Singh, co-founder and COO of Nivaan Care

New ecosystem with Google, BCG, Wipro and others aims to reduce climate, data and procurement risks in agriculture

Krishna Kumar, founder and chief executive officer, Cropin

Axis MF CIO Ashish Gupta says global markets are defying old correlations, while India lags for now but looks better placed in 2026 on earnings and valuations

Ashish Gupta, CIO, Axis AMC

In his annual note, Birla reflected on changing global power equations, trade tensions, India's economic rise, and the Aditya Birla Group's expansion

Kumar Mangalam Birla,Birla, Mangalam

Meta Platforms has been sued by an international group of plaintiffs over claims related to WhatsApp's privacy and data security

Elon Musk

Piramal Finance MD Jairam Sridharan says bank rate transmission to NBFCs remains weak, prompting a stronger shift towards lower-cost DFI funding

Jairam Sridharan, MD & CEO, Piramal Finance

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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