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

Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31

The company is in continuous discussions with workers to resolve the strike, which began on Monday, the company said in an exchange filing

Britannia Industries

DIC India has settled a case with capital markets regulator Sebi pertaining to alleged violation of disclosure lapses after paying Rs 34.32 lakh towards the settlement amount.
DIC India, a manufacturer of printing inks and allied products, had filed suo motu  settlement applications in terms of the Sebi's (Settlement Proceedings) regulations, the regulator said in an order on March 21.
The company proposed to settle by neither "admitting nor denying the findings of fact and conclusions of law" the enforcement proceedings that may be initiated against  it for the violation of rules.
As per the settlement order, the markets watchdog will not initiate enforcement proceedings against DIC India for the violations.
However, Sebi retains the right to take further action if any misrepresentation is discovered or if the company breaches any terms of the settlement.
"...it is hereby ordered that any proceedings that may be initiated for the violations are settled in respect of the applicant

Securities and Exchange Board of India, Sebi

DIC India, a manufacturer of printing inks and allied products, had filed suo motu settlement applications in terms of the Sebi's (Settlement Proceedings) regulations

The company will use the proceeds for further lending and to improve its leverage ratios

The Tata group’s unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group’s financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

The Tata group's unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group's financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua

Realty firm Brigade Enterprises has acquired 4.4 acres of land in Whitefield Bengaluru to develop a housing project with an estimated revenue of Rs 950 crore.
In a regulatory filing on Monday, the company said it will develop a premium residential project with a total development potential of 0.6 million (6 lakh) square feet and a Gross Development Value of approximately Rs 950 crore.
Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio.
Established in 1986, Brigade Group is one of India's leading property developers.
Brigade has developed many projects across South and West India.
Bengaluru-based Brigade has a presence in residential, office and retail segments of real estate as well as hotel business.

Brigade Group

Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio

Real estate company Hero Realty has appointed Rohit Kishore as its new Chief Executive Officer (CEO).
Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday.
Kishore joins Hero Realty from Eldeco Properties, where he served as the CEO.
Before Eldeco, he worked in many real estate companies, including Lotus Greens Developers, MARS Development, M3M India, and Bharti Realty.
Hero Realty has successfully delivered projects in Ludhiana, Mohali and Haridwar.
In December 2018, Hero Realty announced its foray into the Delhi-NCR property market with an investment of about Rs 900 crore to develop a premium housing project.
Hero Realty is currently developing a few projects in Delhi-NCR.

handshake deal merger

Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday

Sumitomo holds 44% in SML Isuzu; current stake valued at Rs 1,100 cr; deal may happen at a discount to current trading price

mahindra

Customers across 10 major cities can now get their hands on the latest iPhone 16e, along with popular Android smartphones

quick commerce, ecommerce, online delivery, quick delivery

According to the Tracxn Geo Quarterly India Tech Report, out of the $2.5 billion, three startups Erisha E Mobility, Darwinbox and Infra Market received funding of over $100 million each

India's tech startup boom: Are policy tweaks needed to drive growth?

BrightCHAMPS, an edtech firm that delivers learning courses to students in the K-12 segment, found that 58 per cent of students globally are already integrating AI into their studies

artificial intelligence, AI, GenAI

Currently, there are 30 SUNDAY hotels, with Sunday Luxury Downtown Al Qudaybiyah in Manama, Bahrain being one of the recent additions to the brand's portfolio, it said

OYO, Oyo rooms, Oyo app, Oyo logo

India is an exciting market not just from a demographic point of view, but also because the government wants to make tourism a much bigger portion of the economy, says Mertz

Airbnb CFO, Ellie Mertz

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure,  said TRIL MD and CEO

Sanjay Dutt, TRIL MD and CEO

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

Brazil's market-driven fuel pricing allows flexible fuel blending

Vikram Gulati - Country Head and Executive Vice President, Corporate Affairs and Governance, Toyota Kirloskar Motor

Nanda said this is Amazon India's highest-ever reduction in seller fees to support lakhs of small businesses across the country selling on its platform

Amit Nanda, Director, Selling Partner Services, Amazon India

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv | Photo: Kamlesh Pednekar

Jaggi elaborates on financing plans, the issues under investigation, and the way forward

Anmol Jaggi, Co-founder, BluSmart

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