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

Rakuten currently employs 4,000 people in India - 90 per cent of whom are tech staff - and plans to recruit people who it considers "power users" of AI

The Indian Banking, Financial Services, and Insurance (BFSI) industry has shown strong resilience amid global headwinds and achieved impressive growth. Credit growth has remained robust, and non-performing assets (NPAs) have reduced to multi-year low

Inox Green on Wednesday said it has entered into an agreement to provide operations and maintenance (O&M) services for 675 MWp of solar projects of one of the country's leading renewable energy companies.
This agreement marks Inox Green's entry into solar O&M -- a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company, a company statement said.
"We are thrilled to enter into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries.
"We believe that with our expertise, credentials and relationships across customers in India, we will be able to rapidly grow our portfolio of assets under management," S K Mathu Sudhana, CEO of Inox Green, said.
The projects are located at sites owned by the said company across multiple states, Inox Green said, without disclosing the name of the ...

Renewable energy, climate

This agreement marks Inox Green's entry into solar O&M -- a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company, the company said

The review could take three months after which the Adani pleas will be taken up under new processes, said the second source, with direct knowledge of the matter

Adani, Gautam Adani

As US-China trade tensions escalate, Apple is rapidly shifting its iPhone production to India, with new factories starting up and record shipments already underway

Apple iPhone 16e

Real estate firm  Prestige Estates Projects Ltd is targeting Rs 12,000 crore revenue from a 62.5-acre township at Ghaziabad, marking its entry into the Delhi-NCR growing residential market.
Prestige Estates is already developing a commercial project at Delhi's Aerocity.
In a regulatory filing on Tuesday, the company announced its entry into the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City, Indirapuram'.
With all approvals secured, Prestige Group has begun marketing the first phase of this township project named 'Oakwood and Mulberry'  which together represent a Gross Development Value (GDV) of over Rs 9,000 crore.
When the second phase "Mayflower" is launched, it will take the total GDV of the entire residential development to Rs 12,000 crore, it added.
The first phase will have 3,421  homes across 19 towers,  with unit sizes ranging from 1,681 sq ft to 6,026 sq ft.
The township is spread across 62.5-acre in Indirapuram

Prestige Estates, Prestige Group

The first phase will have 3,421 homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft

IndusInd Bank CEO Sumant Kathpalia resigned after audit firm Grant Thornton found nearly ₹2,000 crore in losses related to the bank's derivatives portfolio

Indusind Bank

The fund will invest in the pilot stage of 20 for-profit companies and ideas working in the areas of cooling, buildings, and freight which are market-ready

Roshni Nadar Malhotra

Founded by Saurabh, Shishir, and Nishit Gupta, Kalki offers premium bridal, festive, and occasion wear for both men and women

Startup funding

Top founders pushed for reforms to attract global talent, boost deeptech, drive investment, steps to ease business operations-including the process of "flipping" companies back to India from overseas

Startup founders met with commerce and industry minister Piyush Goyal

Goswami explained that deal would tackle ecosystem-level challenges such as lack of real-time transparency, inefficiencies in claim processing and the rising cost burden in healthcare for customers

Perfios strengthens portfolio with IHX, its third acquisition this year

The electric scooter maker cited nine-month performance as proof of strength amid rising EV competition

Ather Energy, Tarun Mehta, Swapnil Jain

Coffee prices have been going up because both robusta in Vietnam is seeing a bit of issues and Arabica in Brazil is also seeing a bit of issues and therefore there has been a run up

Sunil D'Souza, MD & CEO, Tata Consumer Products

First, AI is real-we have more than 34,000 customers globally leveraging AI capabilities and embedded features, says Davies

Simon Davies, president, SAP Asia Pacific

A digital persona can do funny hours. If I could have an anchor in the studio when the newsroom has woken up to a big event like an earthquake, it can be fed in, says Purie

Kalli Purie, vice-chairperson, TV Today Network

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Vibha Padalkar, BFSI

Julien talked about the hype and reality of artificial intelligence (AI), and the importance of India as well as other new emerging countries in the business

Teleperfomance chairman and chief executive officer Daniel Julien

Mondal talks about the Q4 results, outlook for FY26, and the new draft gold loan norms by the Reserve Bank of India

Pralay Mondal, managing director and chief executive officer of CSB Bank

Provisions against microfinance segment have peaked in Q4FY25

V. Vaidaynathan, MD and CEO, IDFC First Bank, V Vaidaynathan

An ideal product mix depends on what are the strengths of the company and how they cater the needs of the customers, says Jhingran

Amit Jhingran, MD & CEO, SBI Life Insurance

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