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

Customs allows foreign liquid bulk cargo to be stored at Indian ports

Container Corporation of India (Concor)

The merger would also consolidate long products assets under a single entity, unlocking opportunities to create shareholder value, the company said

Tata Steel

India's transmission infrastructure may see Rs 1.65 lakh crore investments over three years, creating significant EPC opportunities across substations, railways and renewables

Resized Godrej Enterprises Group logo

Audi India may revise its product strategy once clarity emerges on import duty cuts under the India-EU FTA, potentially expanding its model range across segments

Balbir Singh Dhillon, Brand Director, Audi India

L Catterton's India consumer-focused fund has raised $200 million and aims for $400 million, with a $200 million greenshoe option to scale investments further

Sanjiv Mehta

Novo Nordisk says competition in semaglutide will be driven by science and quality, not pricing, as multiple generic versions prepare to enter India after patent expiry

Novo Nordisk

IT services firms are pushing managers to deploy AI tools in client work to boost productivity, improve efficiency and drive revenue growth amid a prolonged demand slowdown

IT SECTOR

Venture Catalysts exits Pee Safe with a 9.6x return, delivering strong gains after the hygiene startup raised fresh capital in a round led by OrbiMed

Wellness startup Pee Safe raises Rs 25 cr for R&amp;D, product launches

Pee Safe

BambooBox raises $6.6 million in a Peak XV-led round to scale its AI-driven account-based marketing platform and expand global enterprise adoption

Funding, Fund raising, Funding round

Susquehanna Asia VC leads Series C round as Atlys expands globally and invests in AI tools to streamline visa applications and build infrastructure for cross-border travel

Mohak Nahta, founder and chief executive officer of Atlys

Early-stage companies selected from more than 4,000 applicants will receive up to $2 million each and access to Google's AI models and computing resources

(L-R) Prayank Swaroop, Partner at Accel; Jonathan Silber, Co-founder and Director of the Google AI Futures Fund

Perfios appoints former SBI executive Nitin Chugh as group CEO to lead its expanding techfin, risktech and digital platforms amid rapid growth and acquisitions

Nitin Chugh, BFSI

Long-endurance surveillance drones and industrial partnerships are set to deepen India-US defence cooperation and expand India's role in the global unmanned systems ecosystem

Vivek Lall, chief executive, General Atomics Global Corporation (GAGC)

From academia to enterprise, the institute's deep-tech portfolio of 140 startups targets strategic self-reliance in satellite tech, turbines, and medical diagnostics

C S Murali, chairman of FSID STEM at Indian Institute of Science, Bengaluru

Razorpay's MD and Co-Founder Shashank Kumar on why AI agents will do more for India's small merchants than traditional search, the company's IPO plans, and why the conflict in West Asia makes it hard

Shashank Kumar, MD & Co-Founder, Razorpay

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