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

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

The Mumbai-based low-cost airline, Akasa Air, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets - all Boeing 737 MAXs - on order

Akasa Airlines, Akasa

State-owned Indian Renewable Energy Development Agency Ltd (IREDA) has said that it has launched its first-ever issue of perpetual bonds to raise Rs 1,247 crore.
The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infrastructure, said a company statement issued late evening on Wednesday.
The perpetual bonds were issued at an annual coupon rate of 8.40 per cent.
This landmark initiative marks a major step in optimizing the company's capital structure, while capitalizing on the current supportive market conditions.
"Strengthening our capital base through perpetual bonds will enable us to scale up financing for renewable energy projects, accelerating India's transition to a cleaner and more sustainable future," Pradip Kumar Das, Chairman and Managing Director, IREDA, said.
Meanwhile, IREDA has received a refund of Rs 24.48 crore on March 19, 2025,

IREDA

The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infra

Adani family and Emaar are discussing the structure of a transaction, which could include an unlisted Adani unit infusing about $400 million in equity

Adani Group

Automaker Renault India on Thursday said it will increase prices of its entire model range by up to 2 per cent from April.
The extent of the increase will vary for different variants and models, the company said in a statement.
The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period, it added.
"Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment," Renault India Country CEO and MD Venkatram Mamillapalle said.
The company has been absorbing these costs for a long time to support customers, but to continue providing the best quality and innovative products, a price revision has become inevitable, he added.
This is the first price hike announced by Renault India since Feb 2023, the automaker noted.
Various carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, have already announced plans to hik

Renault

The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period

Prudential Group Holdings Ltd, UK Subsidiary of Prudential Plc will own 70 per cent stake in the venture while Vama will hold the remaining 30 per cent

The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity

Global capability centres go beyond Tier-I cities, chasing cost and talent

According to Antique Stock Broking, for February, projects awarded remained flat year-on-year (Y-o-Y) at Rs 56,000 crore

Capital Goods

The funding aims to power Asper's next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe

artificial intelligence, AI, GenAI

"There was a settlement (with BCCI), that settlement was before the Committee of Creditors (CoC) was being constituted," said Arun Kathpalia, the senior advocate appearing for Raveendran

Byjus, Byju

This is the largest healthcare seed round in the last 24 months

startup funding investment

In a bid to offer greater convenience, qcom platforms are increasing their presence in smaller cities, besides adding high-end items like Apple products to their product categories

Gig worker swiggy online delivery food

In the past, we have launched many products in the market, from generation 4 to generation 5, to Apex, Rizta, and Halo, said Ather Energy CTO

Swapnil Jain, co-founder and chief technology officer of Ather Energy

Gupta spoke about the company's growth roadmap, export plans, and upcoming launches

Jalaj Gupta, Managing Director, TI Clean Mobility, Murugappa Group

I'm not overly concerned about daily stock price fluctuations - we are in this for the long term, said Hexaware CEO

R. Srikrishna, CEO of Hexaware

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

Harindarpal ‘Harry' Singh Banga

Dubey talks about the impact of the recent merger, the Indian market, and artificial intelligence (AI)-powered data centres

Abhijit Dubey, chief executive officer of NTT Data

Kaplan talks about free flow of data to age-appropriate content and more

Joel Kaplan, chief global affairs officer at Meta

India is one of the most dynamic businesses we have. It has had constant growth-- except for the COVID year. Overall, it has been a growth story, says Andreas Sennheiser

ANDREAS SENNHEISER, Co-CEO, Sennheiser

Our mission is to apply AI in practical, real-world scenarios and integrate it into existing systems, says Sivasubramaniam

SHEKAR SIVASUBRAMANIAM, CEO, Wadhwani AI

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