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

Infosys has informed some employees of lower Q4 FY25 bonus payouts citing profit decline while calling the move temporary and promising better recommendations once growth returns

Infosys

Solar solutions provider Solex Energy on Tuesday posted 390 per cent jump in its net profit to Rs 42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues.
The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said.
According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to Rs 42.79 crore from Rs 8.73 crore in the previous year.
The company delivered a robust performance, with consolidated revenues reaching Rs 665.82 crore, a significant 81 per cent year-on-year growth compared to Rs 368.02 crore in FY 2023-24, it stated.
The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added.
Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is

solar energy, solar, solar panel

The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said

At least four senior Flipkart leaders, including SVP Ankit Jain, have quit amid rising cost pressures, IPO plans, and intensifying rivalry in the quick commerce space

flipkart

Tata group firm Titan Company Ltd on Tuesday said Suparna Mitra, CEO of its Watches & Wearables Division, has resigned due to personal reasons.
The date of cessation of Mitra, who has been in this role for the last five years, is August 12, 2025, the company said in a regulatory filing.
In her resignation letter to Titan Co Managing Director CK Venkataraman, Mitra cited "personal reasons" for her decision to move on.

Titan

The date of cessation of Mitra, who has been in this role for the last five years, is August 12, 2025, the company said in a regulatory filing

Curefoods now holds national rights to Krispy Kreme and has entered North India with 11 new outlets in Delhi NCR, planning further expansion into western markets

Ankit NAGORI, CUREFOODS

JK Tyre & Industries has drawn up plans for expanding its marketing presence in West Bengal and the northeast region of the country, a company official said on Tuesday.
"West Bengal is a strategic hub for the company in the east. The company's strategic focus in West Bengal includes deepening penetration in the truck and passenger car radial (PCR) segments", Anshuman Singhania, managing director of JK Tyre & Industries, said in a statement.
He said the northeast region continues to be a high-priority market for JK Tyre, adding that the company has more than 800 dealers in the eastern zone.
In West Bengal, Singhania said the company has more than 31 branded shops and six depots across the state. "We plan to increase the number of branded ships to 40 in West Bengal by the end of the current financial year", he said.
Singhania said that the company, a part of the JK group, is aiming at a revenue growth of 25 per cent this fiscal and also outperform the projected market growth of .

JK Tyre Novice Cup

In West Bengal, Singhania said the company has more than 31 branded shops and six depots across the state

Quick service restaurant chain Biryani Blues on Tuesday said it has raised USD 5 million (over Rs 40 crore) in a funding round led by Carpediem Capital's new fund Yugadi Capital with participation of other investors.
The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics. The brand plans to open over 100 new outlets over the next three years, Biryani Blues said in a statement.
"We are poised to accelerate our expansion by opening over a 100 new brand stores over the next three years, in popular high street markets and malls across north India," Biryani Blues Co-founder Raymond Andrews said.
Operating under Thea Kitchen Pvt. Ltd, Biryani Blues runs 68 outlets across North India and Bengaluru.
Earlier, Biryani Blues raised USD 5 million in Series B funding from Rebel Foods in FY22. It had previously secured USD 2 million in Series A funding from Carpediem Capital Partners Fund I ...

Funding, Fund raising, Funding round

The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics

Both investors acquire shares from Zepto's early foreign backers at a $5 billion valuation as the firm aims for majority domestic ownership before going public

SHARE, acquisition

Company plans to purchase BluSmart EVs and integrate them under Uber Green; talks underway with multiple lenders; decision based on pricing and quality

BluSmart

Fleet operator in talks with embattled firm's lenders for possession of EVs

Insurtech firm Zopper is currently focussed on scaling up its operations and may consider going public in the next 3 to 5 years, a top company official said.
The company has recently raised USD 25 million in growth capital from investors to accelerate its expansion and invest in new-age technology.
"As such, our business has a positive gross margin. But in a growth company, you keep investing the profits into future growth, which we have also been doing for many years," Zopper co-founder and Chief Operating Officer Mayank Gupta told PTI.
He also said the company is not looking to break even at this stage but is instead investing every earned money towards expansion.
"If we want, we can break even today, but that will mean that we stop investing in the future, and growth will become stunted," he said.
The B2B insurance infrastructure company is even open to inorganic routes for expansion.
"We are not actively looking at any acquisition, but keep doing a sense check of the market. 

Zopper

The company has recently raised $25 million in growth capital from investors to accelerate its expansion and invest in new-age technology

Revised CGSS raises guarantee cover to ₹20 crore and increases protection for lenders to encourage credit flow and reduce risks for innovation-led startups

Startups, Indian startups

India has a large population and its innovation "stays significantly ahead of the curve", he said

Bikram Singh Bedi, vice-president and India managing director, Google Cloud

Magical records will find their audience. All these labels are signing artists based on how many subscribers or likes, and things like that, says Cohen

Lyor Cohen, global head of music, Google and YouTube

Ohri said the group would focus on premium and luxury segments but noted that the buyer demographic was also changing

Aakash Ohri, joint managing director and chief business officer at DLF Home Developers

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders

Ashok Chandra, MD & CEO, Punjab National Bank

P R Jaishankar talks about the road ahead for India Infrastructure Finance Company

P R Jaishankar, Managing Director, India Infrastructure Finance Company (IIFCL)

Over the last three years, Swiss Re globally went through an internalisation drive in the tech domain

Amit Kalra, managing director and head of Swiss Re Global Business Solutions

Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank

Prashant Kumar, MD & CEO, Yes Bank

Corporate credit growth was around 10 per cent in FY25 and this year also we will maintain the same

K Satyanarayana Raju, MD & CEO, Canara Bank

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