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

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

KAS Technologies has sought government incentives for developing semiconductor tools, subsystems and components locally, along with greater support for commercialising IP.

AI semiconductors

State-run Oil India plans to drill deepwater exploration wells across the Andaman, Krishna-Godavari, Mahanadi and Kerala-Konkan sedimentary basins over three years.

Oil India logo

Coforge CEO Sudhir Singh says IT services firms can bridge the gap between AI adoption and operationalisation as the technology puts pressure on traditional businesses.

Coforge CEO & ED Sudhir Singh  said the company was banking on large deals

Tata Sons' board vote on N Chandrasekaran's reappointment and the mandatory listing has renewed questions over governance, board authority and Tata Trusts' rights

Tata Sons, Tata group, bombay house

Zee is strengthening its content strategy and monetisation while building new growth engines across micro dramas, kids' content and live entertainment, CEO Punit Goenka said

Punit Goenka, MD & CEO at Zee Entertainment Enterprises

Spread across 4.68 acres in Goregaon West, the project has a developable potential of about 1.05 million sq ft and marks Puravankara's eighth Mumbai redevelopment.

puravankara

Five of the six companies ended above their issue prices, led by Karamtara Engineering, as a record number of mainboard firms listed on the stock exchanges in a day

stock market

Mumbai-based Vytalyou has raised Rs 8-10 crore at a valuation of around Rs 33 crore to expand its network in Mumbai and enter other major Indian cities in 2027

healthcare, doctor

E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.

quick commerce

The fresh produce platform plans to scale its zero-inventory model into three more metros and is targeting three-fold to five-fold year-on-year growth

Handpickd founder and chief executive officer, Anant Goel

Flam plans to use the fresh capital for research and development of its AI models, expanding its product suite and scaling enterprise sales globally

artificial intelligence, AI,

The leadership reshuffle comes as Practo grows 40 per cent year-on-year and remains profitable, while expanding in the UAE and US and investing in artificial intelligence.

Top row L-R: Siddhartha Nihalani, Co-founder & COO - B2C; Abhinav Lal, Co-founder & Chief Scientist ; Second row L-R: Shashank ND Singh, Founder, Managing Director and Executive Chairman; Jagnoor Singh, Chief Executive Officer; Rowel Coelho, COO - B2

Subramanian will take charge on November 30, subject to approvals, while outgoing managing director Balfour Manuel will remain with the company as senior strategic adviser until May 2027

R S Subramanian,  Senior V P–South Asia, DHL Express  & MD, DHL Express India

BSH Home Appliances India targets rapid growth through wider distribution, new product categories and increased local manufacturing

Saif Khan, managing director and chief executive officer

Candice D'Cruz, Vice President, Luxury Brands, Asia Pacific, Hilton said that the company was not going slower compared to its global rivals

Candice D’Cruz, vice president - luxury brands in Asia Pacific

Candice D'Cruz, vice president - luxury brands in Asia Pacific

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

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

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

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