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

In an analyst call on Tuesday the company's management had dismissed concerns around corporate governance

Kalyan Jewellers

Residual benefits from last July's tariff hike, Indus consolidation to help telco

Airtel

Hero MotoCorp, India's largest two-wheeler manufacturer, recorded seven per cent increase in volume sales to 5.9 million units in 2024, with rural areas accounting for about 55 per cent of total sales

Niranjan Gupta

Ceat's consolidated PAT for Q3FY25 stood at Rs 97.1 crore, while revenue from operations came in at Rs 3,299.9 crore

CEAT

Vedanta Aluminium on Wednesday said it has reduced greenhouse gas (GHG) emissions intensity by 28.5 per cent between 2011-12 and 2023-24 fiscal years.
"This achievement underscores the company's unwavering commitment to responsible environmental practices and its vision for a net-zero future," the company said in a statement.
Vedanta Aluminium Chief Operating Officer Sunil Gupta said the company's commitment to achieving net-zero emissions by 2050 is reflected in the substantial reduction of GHG emissions and the firm's growing adoption of renewable energy.
"Beyond environmental stewardship, we continue to empower local communities and foster sustainable industrial practices. These achievements underscore our leadership in sustainability and reaffirm our dedication to balancing growth with responsibility to people, the planet, and future generations," he said.
These initiatives have impacted the lives of about 600,000 individuals across 269 villages in some of the most backward ...

Vedanta

Vedanta Aluminium on Wednesday said it has reduced greenhouse gas (GHG) emissions intensity by 28.5 per cent between 2011-12 and 2023-24 fiscal years.

The value of new business (VNB) rose 8.6 per cent YoY to Rs 930 crore in Q3 FY25, compared to Rs 856 crore in the same period last year

HDFC Life

Essar Energy Transition (EET) Hydrogen on Wednesday signed an engineering, procurement and construction (EPC) contract with ENKA for its flagship low carbon hydrogen production plant (HPP1) at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, UK.
In October 2024, the UK government announced funding had been agreed upon to support HPP1 as the UK's first large-scale low carbon hydrogen project at the heart of the HyNet Cluster.
HPP1 will have a production capacity of 350 MW and will capture around 600,000 tonnes of CO2 a year  equivalent to taking around 250,000 cars off the road.
The EPC contract "represents a major milestone for the HPP1 project, for the UK hydrogen industry, the HyNet Cluster and for EET Hydrogen's progress towards its goal of developing 4 GW of low carbon hydrogen production for industrial businesses across the North West of England to decarbonise their operations, protecting jobs and driving economic growth," the company said in a statement.
ENKA is

Hydrogen fuel

In October 2024, the UK government announced funding had been agreed upon to support HPP1 as the UK's first large-scale low carbon hydrogen project at the heart of the HyNet Cluster

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Startups, Indian startups

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday.
The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1 am.
Pixxel organised a livescreening of the launch at its headquarters in Bengaluru.
With the launch of the first three satellites, Pixxel will now be able to deliver more precise critical climate and Earth insights, said founder and CEO Awais Ahmed.
Ahmed was addressing reporters on the sidelines of the screening.
He said the Firefly constellation was six times sharper than the 30-metre standard of most existing hyperspectral satellites, capturing fine details previously invisible to conventional systems.
The Firefly also marks a watershed moment in India's space journey as the nation's first commercial satellite ...

Pixxel satellites

The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1 am

The funding will be used to scale operations, establish a research and development (R&D) centre, expand the workforce, and launch the company's flying taxi prototype

Sarla Aviation

Velocity said Shipfast has reimagined shipping workflows with its logistics partners to optimise for quicker deliveries

Velocity

There may not be any major changes in direct taxation, given that simplification has already been carried out in recent years

Vetri Subramaniam, Chief Investment Officer, UTI AMC

Modern lending ecosystems now have access to richer data through alternate data sources such as Account Aggregators (AA)

Joydip Gupta, head of Asia Pacific at Scienaptic AI

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

Unmesh Wagh, IRS, chairperson of JNPA and chief managing director of Vadhvan Port Project Ltd.

Rossell Techsys MD Rishab Gupta discusses the firm's demerger from Rossell India and its entry into the space sector, highlighting a Rs 2,800 crore order book and a focus on defence and civil aviation

Rossell Techsys Managing Director Rishab Gupta

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

Ravi Subramanian, managing director (MD) and chief executive officer (CEO), Truhome Finance

He highlighted shifting demand dynamics, uncertainty, and the evolving role of generative artificial intelligence (GenAI)

C Vijayakumar, CEO & MD,  HCLTech

The hospitality giant has cash and cash equivalent of Rs 1,500 crore

Anil Chadha

He talks about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation

Milind Lakkad, chief human resource officer (CHRO)

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