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

Volkswagen bypassed the 35 per cent duty imposed on Completely Knocked-Down (CKD) units by misclassifying components as individual parts, according to Indian tax authorities

Volkswagen, Skoda

Tata Power on Tuesday said its arm Tata Power Renewables Energy has commissioned a 431 MW DC Solar project in Neemuch, Madhya Pradesh.
Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said.
This innovative integration has boosted the efficiency of the entire system by over 15 per cent, enabling peak power supply for extended hours, it added.
"We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch," Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Ltd, said.
The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes.
"This project not only demonstrates the viability of cost-effective solar energy, with a winning bid price but also highlights the potential of sustainable energy solutions to drive India's green energy transitio

Tata power

Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India

Novo and Lilly are both scaling up production as they vie for a dominant share of a weight-loss market that some analysts forecast could reach $150 billion a year in the next decade

Wegovy, weight loss drug

Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint

Flipkart

Two advisory firms have urged shareholders to reject Gautam Singhania's appointment as executive chairperson of Raymond Lifestyle, citing concerns over governance, transparency, and reputational risks

Gautam Singhania, chairman and managing director, Raymond

Adani-linked individuals, including Vinay Prakash, a director at Adani Enterprises, and Ameet Desai, a director at Ambuja Cements, have each offered Rs 3 lakh to settle the case

Gautam Adani, Adani

According to reports, Andhra Pradesh CM N Chandrababu Naidu is personally reviewing the situation and is expected to discuss the matter with his cabinet on Tuesday

Chandrababu Naidu, Andhra CM

While Prosus said that the exact timeline for the IPO announcements will come from the firms themselves, it also identified another five investee companies on its "future potential" IPO list

This collaboration aims to empower businesses and end customers with critical knowledge to protect themselves while promoting widespread awareness about cybersecurity across India

Razorpay

Funding in the sector has increased by 153 per cent year-on-year (Y-o-Y), reaching $608.8 million across 68 deals in 2024 so far

Indian edtech sector online learning online education edtech funding startup funding

Following the imposition of restrictions on Navi, the lender cancelled a scheduled fund raising activity of Rs 100 crore. Rating agency CRISIL had also put Navi's ratings on "rating watch"

Reserve Bank of India, RBI

He talks about the issues with TAFE and the future roadmap in one of the company's first interviews since the 'tractor war' began

Luis Felli, senior vice president and general manager for Massey Ferguson (Global)

Aster coming together with Blackstone-backed Quality CARE will become one of the top three platforms in India, said Alisha Moopen, Deputy Managing Director of Aster DM Healthcare

Alisha Moopen, Deputy Managing Director, Aster DM Healthcare

He says SBI is comfortable with liquidity with overall credit deposit ratio at a modest 68 per cent and the aim is to maintain incremental CD ratio at 100 per cent

SBI Chairman Setty

Jamshyd Godrej and Nyrika Holkar talked about the development of 1,000 acres of prime land in Mumbai, future investment plans, and the need for brand change

Jamshyd Godrej, Chairman & Managing Director, Godrej & Boyce on occasion with seen Nyrika Holkar, Executive Director  (Pic: Kamlesh Pednekar)

We will close this year with 130 operating hotels and add almost 20 operating hotels next year, said Nikhil Sharma, MD,  South Asia, Radisson Hotels group

Nikhil Sharma, Radisson

He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets

Lee Elliott, partner and global head of occupier research at Knight Frank

Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond

Chief Investment Officer Ervin Tu and Ashutosh Sharma, head of growth investments for India and Asia at Prosus

The steel industry is clearly in a down-cycle

Koushik Chatterjee

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News

Interview