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

Delhivery Direct goes live in Delhi-NCR and Bengaluru, offering 15-minute pickups and flexible shipping across vehicle types

Delhivery debuts on-demand local shipping in NCR, Bengaluru

Delhivery

Since April, India has mandated mixing gas used to run automobiles and cooking gas with 1 per cent of CBG

Hindustan Petroleum, HPCL

HDFC Capital-backed proptech startup Reloy, which helps builders generate referral sales, has posted a 60 per cent growth in revenue to Rs 28.5 crore in the previous fiscal year on high demand for housing properties.
The company posted a gross revenue of Rs 17.8 crore in the 2023-24 financial year.
"We managed to grow 50 per cent in our core referral sales business," Reloy Founder and CEO Akhil Saraf told PTI.
He noted that the company has cracked the code on referral sales and replicating this across all clients.
Saraf said the company is working with almost all leading real estate developers across major states.
Founded in 2015, Reloy specialises in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their customers and brokers more efficiently.
Reloy has so far raised Rs 13 crore from various investors, including HDFC Capital, which owns around 10 per cent stake in the startup.
The tech solutions offered by the 

Revenue, Stock, Budget, Economy, Market

Founded in 2015, Reloy specialises in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their customers and brokers more efficiently

Fighter jet maker HAL had applied independently, Indian Space Research Organisation said in a statement on Friday

The company has lined up investment of about ₹6,000 crore in FY26 for capital expenditure through 14 greenfield facilities

Rs, Rupee, Indian Currency

Air India cancelled eight international and domestic flights earlier on June 20, citing maintenance and operational issues

Air India grounded a Delhi–Pune flight after a bird hit, cancelling the return service. Eight more flights were cancelled amid heightened inspections post-Ahmedabad crash

Air India

Sundaram Wealth will primarily target families and individuals who require sophisticated wealth management solutions beyond traditional investment products

Sundaram Finance

The Bhavish Aggarwal-led startup integrates Samagra's AI platform and team to expand vernacular, government-focused AI tools across education, agriculture, and citizen services

krutrim

The ease in norms from the Securities and Exchange Board of India (Sebi) comes at a time when multiple Indian startups such as PhonePe, Zepto, Pine Labs

Startup funding picks up after 3-year slump

Magicpin's logistics arm Magicfleet reaches one million monthly deliveries and sets its sights on two million monthly orders by FY26 while expanding across metro cities

Magicfleet

India is a focal point in Amazon's global brand protection strategy, using AI tools, stricter seller checks and law enforcement partnerships to fight counterfeits

Kebharu Smith, Director of Amazon’s Counterfeit Crimes Unit (CCU)

Kebharu Smith, Director of Amazon's Counterfeit Crimes Unit (CCU)

To improve the coal supply chain, the remaining 55 of 92 FMC projects will be operationalised by FY29

P M Prasad, chairman and managing director, Coal India Ltd (CIL)

PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said

Namma Yatri recently crossed 100 million rides but the traction is largely from Bengaluru and some Southern and Eastern regions

Morgenshtern noted that India is not only the company's top market for growing it's tech workforce but also one of the only three countries where it advertises

Omri Morgenshtern, global chief executive officer at Agoda

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

Sanjay Sethi

Microfinance can never be a sunshine sector because every 5-6 years it gets into some kind of challenges, says Revankar

Umesh Revankar, executive vice-chairman of Shriram Finance

We assembled 6.4 million Made-in-India devices across segments in 2023-24. We doubled it in FY25, Shailendra Katyal, Lenovo India vice-president and managing director said

Shailendra Katyal, Lenovo India vice-president and managing director

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