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

Press Trust of India

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

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The Bombay High Court on Tuesday quashed a bribery case against HDFC Bank MD and CEO Sashidhar Jagdishan filed by the Lilavati Kirtilal Mehta Medical Trust, calling the complaint a "counterblast" to the bank's recovery proceedings to reclaim dues of over Rs 65 crore.
A division bench of Justices M S Karnik and N R Borkar stated that financial institutions are bound to initiate proceedings for recovery of loan amounts, and observed that the complaint was a result of the acrimony and strained relations between the Trust's past and present trustees.
Lilavati Kirtilal Mehta Medical Trust runs Lilavati Hospital in Bandra.
"In our view, the complaint is nothing but a counterblast to the recovery proceedings initiated, and the materials on record do not at all justify an investigation into the claim made by the complainant," the court said.
It also refused to accept the complainant's claim that the Trust's founder, Kishore Mehta, died in 2024 because of pressure mounted by the bank and sa

Bombay High Court

The court, while quashing the FIR, said continuance of the same would be nothing but an "abuse of the process of court" and that the same was not a bona fide complaint

The company is developing in-house design platforms for key components as it shifts from a build-to-print model to a design-led player higher up the value chain

Maneck Behramkamdin, Executive Vice President & Business Head, Aerospace Business of Godrej Enterprises Group

The deal adds local operations and customers as SoftBank-backed Netradyne expands its AI-powered fleet safety business and strengthens its presence across key European markets

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Startup founded by Bhavish Aggarwal triples revenue to ₹300 crore, shifts capital from chip ambitions to infrastructure-led services

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Biocon founder Kiran Mazumdar-Shaw outlines a five-year transition plan, naming niece Claire Mazumdar as successor to lead the company's next growth phase

Claire Mazumdar

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David L Gitlin, chairman and chief executive officer, Carrier Global, speaks about the company's plans to reach $1 billion in India revenue by the end of the decade

David L Gitlin, chairman and chief executive officer, Carrier Global

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Anuj Mathur, managing director and chief executive officer, Canara Bank and HSBCAnuj Mathur, managing director and chief executive officer, Canara Bank and HSBC

Anuj Mathur, managing director and chief executive officer, Canara Bank and HSBC

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VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

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