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

Leading bourses NSE and BSE have given consent to the merger of three subsidiaries into JK Lakshmi Cement.
As per the scheme of amalgamation, three subsidiaries namely Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries are getting merged into JK Lakshmi Cement.
"We would like to inform you that BSE and NSE vide their letters dated 1st January 2025, have issued their Observation Letters as required under Regulation 37 of the Listing Regulations with No adverse observation'/ No objection', to the proposed scheme," JK Lakshmi Cement said in a BSE filing.
On July 31, 2024, the board of JK Lakshmi Cement had approved the amalgamation scheme, which will simplify the group structure and make it more commercially meaningful to have one combined entity focused in the business of cement and cement products.
For Udaipur Cement Works Ltd (UCWL), its shareholders will receive four shares of JK Lakshmi Cement for every 100 shares they hold in the ...

cement

For Udaipur Cement Works Ltd (UCWL), its shareholders will receive four shares of JK Lakshmi Cement for every 100 shares they hold in the company

The matter pertains to alleged violations of LODR regulations

Zee MD & CEO Punit Goenka

According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24

Only 12 of 82 approved applicants, or nearly 15 per cent, under the production-linked incentive scheme for the automobile and auto component industry (PLI-Auto) have achieved the mandated 50 per cent domestic value addition (DVA) target, according to

Mid-size motorcycle maker Royal Enfield on Thursday reported a 25 per cent rise in total sales at 79,466 units in December 2024, as compared to 63,387 units sold in the same month a year ago.
Domestic sales were at 67,891 units, as against 57,291 units in December 2023, up 19 per cent, Royal Enfield said in a statement.
Similarly, exports jumped 90 per cent at 11,575 units last month, as compared to 6,096 units in December 2023.
"As we gear up for 2025, we are looking forward to sustaining our growth momentum and continue inspiring our riding community across the globe with 'Pure Motorcycling' initiatives across the board," Royal Enfield CEO, B Govindarajan said.

Royal Enfield

Exports jumped 90 per cent at 11,575 units last month, as compared to 6,096 units in December 2023

Mahindra Group is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & Managing Director Anish Shah .
In his new year message to employees of the group, Shah said over the past year the group has accelerated its growth trajectory and its businesses are on an ambitious growth path and are firing on all cylinders.
"We look ahead with hope and confidence, driven by our aspiration to achieve growth at scale. We will continue to lead with purpose, to set audacious goals and work with discipline and determination to achieve them," he said.
Reflecting on 2024, Shah said, "It has been an incredible year in all dimensions, our performance far surpassed our audacious goals."
Crediting the team Mahindra for turning "challenges into opportunities and aspirations into aspirations", he said, "We span sectors that cover nearly 70 per cent of India's GDP, and we are establishing a meaningful presence in each of these

Anish Shah, Mahindra CEO & MD

Shah said over the past year the group has accelerated its growth trajectory and its businesses are on an ambitious growth path and are firing on all cylinders

TVS Motor Company on Thursday reported a 7 per cent increase in total sales at 3,21,687 units in December as compared to 3,01,898 units in the same month a year ago.
Total two-wheeler sales were up 8 per cent at 3,12,002 units last month as against  2,90,064 units in December 2023, the company said in a statement.
Domestic two-wheeler sales were up marginally at 2,15,075 units in December 2024,  from 2,14,988 units in the year-ago month.
The company said its electric vehicle sales rose 79 per cent last month at 20,171 units as compared to 11,288 units in December 2023.
Three-wheeler sales were lower at 9,685 units last month as against 11,834 units in December 2023.
Exports registered a 22 per cent increase at 1,04,393 units last month, from 85,391 units in December 2023, the company said.

TVS Motor company

Domestic two-wheeler sales were up marginally at 215,075 units in December 2024

Waaree Energies on Thursday said it has secured an order to supply solar modules totalling a capacity of 150 MWp for a major renewable project in India.
The contract includes the supply of Waaree's flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590Wp, a company statement said.
These modules are recognised for their durability, exceptional energy output, and advanced technology, it stated.
According to the statement, Waaree Energies Ltd., India's largest solar PV module manufacturer and a leader in the global energy transition, is pleased to announce the receipt of order for a major renewable power project of 150MW for the supply of solar modules from a renowned customer engaged in owning, developing, and operating renewable power projects in India.
The modules are scheduled to be supplied in the next financial year, 2025-26.
Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence, it said.
The execution of this pro

solar energy, solar, solar panel

These modules are recognised for their durability, exceptional energy output, and advanced technology

In the second half of 2024, Zepto had picked investment banks like Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its IPO

Zepto

Accel earned a 35x gain on its investment in Swiggy's initial public offering (IPO), marking one of the biggest gains for the Silicon Valley fund

Market, BSE, NSE, NIfty, Stock Market, investment

Rikant Pittie will oversee the company's strategic initiatives, drive innovation, and enhance customer experiences to further strengthen EaseMyTrip's position in the industry

Rikant Pittie

Demonetisation and the pandemic drove India's digital transformation in financial services. Companies built unique use cases around UPI

Fintech firm Kiwi’s co-founder Mohit Bedi.

Fintech firm Kiwi's co-founder Mohit Bedi

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

ANKUR BANSAL, co-founder and director of BlackSoil

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Stephen Dainton, President of Barclays Bank PLC

This partnership allows us to access IOC's 37,000 retail outlets and 13,000 LPG distributors, and they have a very strong brand presence, he says

Chetan Maini, Chairman, Sun Mobility

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Amazon India head Samir Kumar

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud

Jayabalan said the India GTDC is playing a crucial role for driving global innovations at the firm and the plan is to continue scaling up the centre both in terms of capacity and capabilities

Sreekanth Jayabalan, VP Transformation Officer and VP in charge of the Global Digital Technology Centre (GDTC),  at global consumer goods firm Kimberly-Clark

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Harsha Vardhan Agarwal, vice-president and managing director, Emami

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Rajeev Jain, MD, Bajaj Finance

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