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

Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income to Rs 742.9 crore and declared a distribution of Rs 456 crore to unitholders for the March quarter.
According to a regulatory filing, the company's net operating income (NOI) rose to Rs 2,291.3 crore during the last fiscal from Rs 1,854 crore in 2024-25.
The board declared distribution of Rs 456.43 crore/ Rs 5.50 per unit for the quarter ended March 31, 2026.
The distribution to unitholders comprises interest payments on shareholder loans; repayment of SPV (special purpose vehicle) debt and NCDs (non-convertible debentures); dividends; and interest on fixed deposits.
"Together with distributions already made during the three previous quarters, the distributions for the full year ended March 31, 2026, amount to Rs 1,516.17 crore or Rs 21.40 per unit.
"FY2026 marked a strong year, supported by record gross leasing of 4 million square feet that led to occupancy growing by 5 per cent ...

Brookfield (Photo: Bloomberg)

The distribution to unitholders comprises interest payments on shareholder loans; repayment of SPV debt and NCDs (non-convertible debentures); dividends; and interest on fixed deposits

Bajaj Group's centenary is less a celebration than a pivot into healthcare, electric mobility and the AI age

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group’s 100-year | Photo: BS Reporter

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group's 100-year | Photo: BS Reporter

The Bombay High Court restrained circulation of a Berger Paints advertisement after observing that it prima facie crossed into disparagement of Asian Paints

Bombay High Court

The diversified Bajaj group, having interests in auto and financial services, turned 100 years old on Monday.
Prime Minister Narendra Modi lauded the group's work through the decades, noting that it has helped in the cause of nation-building.
"Over the decades, the Bajaj Group has played an important role in nation-building by creating jobs, fostering innovation and supporting community development," Modi said in a congratulatory message.
The group celebrated with an event in central Mumbai on Monday that was attended by a slew of politicians, business people and others.
Founded in 1926 in Mumbai by Jamnalal Bajaj, who was also actively involved in the freedom struggle and is considered the fifth adopted son of Mahatma Gandhi, the group now has a market capitalisation of USD 148 billion and employs 1.3 lakh people.
Amid the greater thrust on domestic manufacturing, Niraj Bajaj, the chairman of Bajaj Auto, reminded that India's journey towards self-reliance did not begin recently,

PM Modi, Narendra Modi

Prime Minister Narendra Modi lauded the group's work through the decades, noting that it has helped in the cause of nation-building

Rozana's private-label FMCG brand Samuh is scaling rapidly through low-cost sachets, contract manufacturing and a deep rural distribution network across 21,000 villages

rozana

Rural-focused microfinance institution Sindhuja Microcredit on Monday said it has raised USD 5 million (Rs 47 crore) in a pre-series D funding round from its existing investors.
The funding round saw participation from Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit, the company said in a statement.
The Noida-headquartered NBFC-MFI will utilise the fresh capital to strengthen its capital base, support business expansion, and scale up access to credit for underserved communities.
"We are making significant progress in our mission in touching the lives of low-income women borrowers from under-served households as well as in making financial services accessible to the financially excluded and MSME entrepreneurs through efficient, customer-friendly and technology-enabled solutions," Sindhuja Microcredit Co-Founders Abhisheka Kumar and Malkit Singh Didyala said in a joint statement.
"The latest funds will drive us to the next phase of growth by further expand

funding

The funding round saw participation from Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit, the company said in a statement

Niva Bupa aims to outpace retail health insurance industry growth through technology investments, multi-distribution expansion, and stronger customer adoption

niva rupa

The development comes at a time when Adda247, which has raised around $67 million to date, is preparing for a public listing over the next 12 to 18 months

Adda247

Health-tech platform expands investment in AI-driven healthcare systems that support patient and provider decision-making while growing its engineering team

Shashank ND, co-founder and CEO, Practo

The revised Press Note 3 framework may speed up startup deals by allowing limited China-linked exposure through the automatic FDI route, while keeping direct Chinese investment under approval

startups

SoftBank-backed auto-tech firm posts ₹20 crore adjusted EBITDA profit in Q4 as lending, retail sales and ownership services expand

cars 24

In the centenary year marking the inception of Bajaj Group as a business house in Mumbai, Chairman Shekhar Bajaj speaks about the journey and the road ahead for Bajaj Electricals

Shekhar Bajaj, Chairman, Bajaj Electricals

Bajaj outlined the group's ambition to take Bajaj Finserv to every middle-class household in India over next 5 years and build it into country's "best" and one of its largest financial conglomerates

d-sanjiv bajaj-5

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

Ashok Kumar Panda has assumed charge as chairman and managing director (CMD) of Steel Authority of India Limited (SAIL)

FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

Ramkumar Narayanan, executive vice-president for artificial intelligence (AI) technology enablement and head of India and the Philippines at FIS

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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