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

Experts opine that regulators and policy action need to evolve due to the social media impact and the financial influencers getting paid for endorsements

Gensol Engineering

TCS is expected to account for around 55 per cent of the combined net profit of 23 listed companies in FY25 down from its all-time high contribution of 106 per cent in FY20 and 64 per cent on FY23

CERC has refused to intervene in the substitution of agreements issue, citing it does not fall in the purview of tariff regulations of the Electricity Act 2003

Adani Green Energy solar project, 7 GW solar power project, Andhra Pradesh solar energy, Azure Power PPA transfer, SECI solar projects, CERC solar ruling, solar power regulatory approval, Adani Green Energy SECI deal, 2.3 GW PPA Adani, solar energy I

The BluSmart story is not a one-off. India has witnessed several such instances in the past-brilliant brands or products built from scratch, only to be undone by mismanagement or greed

BluSmart

CD ratio of HDFC Bank to return to pre-merger levels (85-90 per cent) in FY27

Sashidhar Jagdishan, MD And CEO Of HDFC Bank

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry.
On the government's recent PLI scheme for passive or non-semiconductor electronics components, Sharma, the Chairman of Panasonic Life Solutions India, said it will encourage the industry and boost its competitiveness in the global markets.
On March 28, the government approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore. It is the first scheme that focuses on promoting the manufacturing of passive electronic components.
Currently, India imports USD 12-13 billion worth of non-mobile electronics. Almost USD 5-6 billion of PCB (printed circuit board) are being imported from elsewhere for assembling here, he said.
"Now, the industry is being encouraged. We should sta

Panasonic

On the government's recent PLI scheme for passive or non-semiconductor electronics components, said Sharma, the Chairman of Panasonic Life Solutions India

The deal, if completed, would value BluSmart at least 60 per cent below its last known valuation

Zepto is currently present in 50 cities in the country and delivers an average of 1.5 million orders a day

Aadit Palicha, Zepto CEO

The clarification comes amid income-tax notices issued to startups for foreign funding routed via Singapore

Startups, Indian startups

According to data from brokerage firm Motilal Oswal published in January, Uber leads the country's cab-hailing market on average daily rides and monthly active users

Blusmart

Early investors who exited firm say they saw signs of chaos

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

K Krithivasan, TCS

We have created a bunch of tools to automatically analyse what is going inside the truck and predict which part fails when. That makes our warranty business more profitable, says Vaidya

Raghavendra Vaidya, managing director (MD) and chief executive officer (CEO) of DTICI

The Netherlands operation is structurally one of the most competitive assets in the steel industry across peers in Europe

Koushik Chatterjee

In India, we'll price our beverages starting at ₹99 for an espresso and ₹129 for an Americano, going up to ₹329, said Sanjay Mohta, vice-president and general manager, India, Kenangan Coffee

Edward Tirtanata, Sanjay Mohta

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Vibha Padalkar, BFSI

We're actually huge in India, it is the number one demographic for us, says Barrie

Matt Barrie, CEO, Freelancer

We have a current rental income of ₹150 crore which is expected to cross ₹700 crore on annuity basis in the coming three to five years, says Vachani

Sahil Vachani, MD & CEO, Max Estates

Rekate talks on uncertainties due to global tariff wars, how Indian companies are navigating these challenges, and why India continues to be an important market for the American lender

Jason Rekate, Global Co-Head of Corporate Banking, Citi

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