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

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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Jio Financial Services and Allianz SE company logos

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JSW Group on Friday said its expansion plan will not be impacted by the Supreme Court order to set aside the acquisition of Bhushan Steel and Power Ltd (BSPL) through the insolvency process.
JSW Steel Joint MD and CEO Jayant Acharya, in an earnings call, said that BPSL was not part of the brownfield expansion that the steel company took into account while setting the 50 million tonnes capacity target by 2030-31.
"In our 50 MT tonne outlook (expansion) that we have given up to 2030-31, BPSL was not part of the brownfield expansion that which we have taken into account. So therefore, it will not impact our target which we have given," Acharya said, in an earnings call, said while replying to a question if the acquisition of BPSL asset going into legalities will affect JSW Steel's expansion plans.
He also said that the company has filed a review in Supreme Court for BPSL case and believes there is a strong ground for the same.
"For that 0.5 MnT (expansion) we will take a view. That is

JSW Steel joint MD & CEO, Jayant Acharya

JSW Steel Joint MD and CEO Jayant Acharya, in an earnings call, said that BPSL was not part of the brownfield expansion that the steel company took into account while setting the 50 million tonnes

India's Tata Motors has approached Exor, the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business

Tata Motors, Tata

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State-owned BEML on Friday announced it has bagged a government order worth Rs 185.65 crore for supply of 79 units of bulldozers.
The company has bagged the order from the Ministry of Defence (MoD), BEML said in an exchange filing.
"BEML Ltd secures MoD order worth Rs 185.65 crore for the supply of 79 units of its flagship Power Angling & Tilting (PAT) bulldozers," it said.
The new order follows the company's successful execution of an earlier contract for 66 bulldozers, all of which were delivered well within the stipulated timeline.
"This order reinforces our steadfast commitment to the Government of India's 'Make in India' initiative and our resolve to equip the nation's armed forces with reliable, high-quality, and indigenously developed solutions," Shantanu Roy, Chairman & Managing Director of BEML Ltd, said.
BEML, under the administrative control of the Ministry of Defence, operates in three verticals - construction and mining, rail and metro, and defence and aerospace.

BEML. Defence PSU, BEML

The new order follows the company's successful execution of an earlier contract for 66 bulldozers, all of which were delivered well within the stipulated timeline

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England-based University of Bath has conferred an honorary doctorate on Bharti Enterprises Founder and Chairman, Sunil Bharti Mittal, the company said on Thursday.
The University of Bath is ranked among the UK's top-ten universities and placed within the top 10 per cent globally, the statement said.
"Founder and Chairman, Mr Sunil Bharti Mittal, has been awarded an Honorary Doctorate in Business Administration by the University of Bath, United Kingdom (UK)," the statement said.
The honour from the University of Bath marks Mr Mittal's ninth honorary doctorate and his third from a UK institution. He was earlier conferred the Doctor of Laws (Honoris Causa) by the University of Leeds in 2009 and the Doctor of Civil Law (Honoris Causa) by Newcastle University in 2012.
"I'm honoured to receive this recognition from the University of Bath, an institution renowned for its intellectual rigour, spirit of enterprise, and engagement with the world beyond the classroom," Mittal said.
"We are v

SUnil MIttal degree

The University of Bath is ranked among the UK's top-ten universities and placed within the top 10 per cent globally, the statement said

Our B2B business was very good, but it got impacted because of the same reason that industry expected the market to come off, says Angshu Mallick

Angshu Mallick

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Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd, talks about the company's strategy and challenges in India

Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd

Parth Jindal says JSW Paints' acquisition of AkzoNobel India will strengthen decorative and industrial paint segments; Dulux, tech tie-up key to long-term strategy

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