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

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Multi-conglomerate ITC on Thursday said it will acquire Sresta Natural Bioproducts, engaged in the manufacturing and sale of organic packaged food products under the 24 Mantra Organic brand, for about Rs 472.50 crore.
It has signed a share purchase agreement to acquire a 100 per cent stake in Sresta Natural Bioproducts Private Limited (SNBPL), ITC said in a regulatory filing.
The acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction will fortify ITC's presence and market standing in the high growth organic products segment in both Indian and overseas markets," it added.
SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora.
"The share acquisition is expected to be completed in Q1 of FY 2025-26 or such later date as may be

It has signed a share purchase agreement to acquire a 100 per cent stake in Sresta Natural Bioproducts Private Limited (SNBPL), ITC said in a regulatory filing

Motilal Oswal Mutual Fund (MF) on Thursday acquired additional shares of IT firm Coforge worth Rs 231 crore through an open market transaction.
According to the bulk deal data available on the NSE, Motilal Oswal MF purchased 3.5 lakh shares or 0.52 per cent stake in Greater Noida-based Coforge.
The shares were acquired at an average price of Rs 6,605.13 apiece, taking the transaction value to Rs 231.18 crore.
After the latest transaction, Motilal Oswal MF's equity stake in Coforge rose to 8.58 per cent from 8.06 per cent.
Details of the seller(s) of Coforge's shares could not be ascertained on the National Stock Exchange (NSE).
The scrip of Coforge on Thursday climbed 3.78 per cent to close at Rs 6,650 per piece on the NSE.
On Thursday, Coforge said its wholly-owned subsidiary Coforge Technologies Australia has completed the acquisition of TMLabs from its shareholders in accordance with the share sale agreement.

Motilal Oswal Asset Management Company, MOAMC

According to the bulk deal data available on the NSE, Motilal Oswal MF purchased 3.5 lakh shares or 0.52 per cent stake in Greater Noida-based Coforge

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