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

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a USD 53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.
Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon had challenged Chevron's bid for Hess, one of three companies with access to the massive Stabroek Block oil field off the coast of Guyana.
We disagree with the ICC panel's interpretation but respect the arbitration and dispute resolution process, Exxon Mobil said in a statement on Friday.
Guyana is a country of 791,000 people that is poised to become the world's fourth-largest offshore oil producer, placing it ahead of Qatar, the United States, Mexico and Norway. It has become a major producer in recent years.
Oil giants Exxon Mobil, China's CNOOC, and Hess squared off in a heated competition for highly lucrative oil fields in northern South America.
With Chevron .

Chevron gets go ahead for USD 53B Hess deal

Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris

NCLAT stays insolvency proceedings against Reliance Infrastructure after the company claims it has fully paid all dues, including interest. The matter is set for hearing on August 27

reliance infrastructures rinfra

Reckitt said it will retain a 30 per cent stake in the business, whose brands include Air Wick air fresheners and Cillit Bang cleaners

Reckitt Benckiser Group

Axis Bank announces Arjun Chowdhury's resignation and Neeraj Gambhir's elevation to Executive Director amid weak Q1 earnings, with the stock tumbling over 5% due to higher slippages

Arjun chowdhury

The acquisition is subject to UK Financial Conduct Authority approval, Firstsource said in an exchange filing

handshake deal merger

CCI had ordered an investigation into the company for alleged abuse of dominant position based on a complaint received by Aditya Birla Group's Grasim Industries on July 1

Brokerages view on Asian Paints: Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2024-25 (Q1 FY25). The muted performance was on account of the heatwave, elections and an unfavourable product

The firm's total revenue, on a consolidated basis, increased 0.5 per cent to ₹43,147 crore from ₹42,943 crore last year. The Bloomberg estimate for revenue was ₹43,004 crore

jsw steel

Education startup's creators blame financial backers for the company's collapse from $22 billion valuation to insolvency

Byjus, Byju

Startup Policy Forum launches Centre for New-Age Public Companies to guide tech firms through IPOs as India's markets attract listings worth over $90 billion

Startup Policy Forum Launches Centre for New-Age Public Companies (CNPC)

Bengaluru-based QpiAI raises $32 million to build utility-scale quantum systems as India pushes ahead in emerging technologies through public and private backing

Dr Nagendra Nagaraja, chief executive and founder of QpiA

Under IndiaAI Mission, the Centre will train 550,000 VLEs across CSCs in AI; railway ticket booking to be enabled and Aadhaar service resumption also under review

Ashwini Vaishnaw, Ashwini, Vaishnaw

The training will be conducted under the IndiaAI Mission, which aims to equip nearly 1 million individuals with AI-related skills, Vaishnaw said

Murugappa Group scion says India needs a China-style sectoral roadmap for growth, bets big on semiconductors and EVs

Vellayan Subbiah

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

Earmarks nearly $1 billion to build three new data centres in India over the next three to four years

Surajit Chatterjee

R Doraiswamy, a LIC veteran with over 39 years' experience, has been appointed MD & CEO for three years as the insurer sees a major reshuffle in its top management

R Doraiswamy

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

Lakkad and Kunnumul talk about talent, technology, transition, and what lies ahead for TCS's 600,000+ workforce

Sudeep Kunnumal (right) to take over the post of Chief Human Resources Officer (CHRO) at Tata Consultancy Services (TCS) from Milind Lakkad who served for more than six years

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

Parth Jindal & Greg Poux-Guillaume

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News

Interview