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

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Air India

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India's largest realty firm DLF Ltd is set to enter the Mumbai housing market as it plans to launch a luxury housing project in the city worth about Rs 2,500 crore in the next two weeks.
DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market.
According to sources, the company has got all regulatory approvals to launch this project, which will be developed in partnership with Delhi-based Trident Realty.
DLF has received RERA approval for its first premium residential project in Mumbai. The project, located in the suburb of Andheri, is expected to be launched within the next two weeks, they said.
In the first phase, the company will develop 416 units in four towers.
DLF plans to sell these apartments in a price range of Rs 5-7 crore per unit.
The spokesperson declined to comment.
Earlier this month, the company launched and completely sold the DLF Privana North housing project in Gurugra

real estate

DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market

The NLC India Renewables Ltd, a subsidiary of NLC India, has received the Letter of Award (LoA) from the state government backed Tamil Nadu Green Energy Corporation Ltd for the development of three standalone Battery Energy Storage (BES) systems in the state.
This is the first large-scale BES system project to be undertaken by NLCIL Group and marks a major milestone, the Tamil Nadu-based company said.
The projects would be implemented under the Build-Own-Operate model with Viability Gap Funding support, NLC India said in a press release on Sunday.
Each project with an aggregate capacity of 250MW/500MWh would be established at 400/230/110 kV Ottapidaram Sub Station, Tuticorin, 400/230/110 kV Anuppankulam Sub Station in Virudhunagar district and 400/230/110 kV Kayathar Sub Station, Tuticorin in the state.
The company had bagged the projects through a 'competitive bidding process', it added.

NLC India

This is the first large-scale BES system project to be undertaken by NLCIL Group and marks a major milestone, the Tamil Nadu-based company said

Amazon enters India's $15 bn diagnostics sector with at-home test collection, digital reports and integrated health services through Amazon Medical across six cities

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Raymond Realty will launch six residential projects this fiscal in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore as the company looks to expand the property business amid strong demand.
In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, post demerger of the real estate vertical from Raymond Ltd, which will now focus on just the engineering vertical.
The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.
Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR).
"In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said.
"The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Out of that Rs 10,500 crore worth of projects h

The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business

Appellate tribunal NCLAT has quashed an NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process.
The development has come as a relief to JSW Energy which had sought permission to participate in the insolvency resolution process of Raigarh Champa Rail Infrastructure Pvt Ltd (RCRIPL), an ancillary company of KSK Mahanadi.
JSW Energy has already acquired KSK Mahanadi Power, a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, earlier in March this year.
The Chennai-bench of the NCLAT said it sees no demerits in the decision of the lenders' body CoC to invite fresh Expression of Interest (EoI) by re-issuing fresh Form G, inviting new prospective buyers as it "will certainly increase competition and in all likelihood, result in higher bids."
".... since, the EoI is proposed to be reopened for everybody and not for JSW alone, it is fair and transparent and not ...

JSW energy

JSW Energy has already acquired KSK Mahanadi Power, a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, earlier in March this year

Backed by Advent International and Chicago Pacific Founders, Tredence raised about $205 million in two founding rounds till 2022

firm Was banking big On genAI, Which is expected tO cOntribute abOut 25% tO the tOp line in next 2 yea

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krutrim

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We have been trying out all the categories that are possible in consumer business, be it food, beverages, impulse foods and home and personal care, said T Krishnakumar, director at RCPL

T Krishnakumar

Sanjay Sethi says that bulk of the company's growth will come from its existing pipeline taking the total keys to over 5,000 on the back of the domestic hospitality boom till 2030

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