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

Netflix said Operation Safed Sagar, its biggest India production to date, generated over $24 million for the Indian economy through local hiring, businesses and VFX partnerships

Netflix

ITC Hotels Chairman Sanjiv Puri said rising domestic travel and experience-led tourism are driving hospitality growth, with the company targeting 250 hotels over five years

Sanjiv Puri CMD, ITC

Nexus Venture Partners led the funding round as the construction materials quick-commerce startup accelerates expansion, months after raising $6.6 million

homerun, company

The seven-year lease at Casagrand Industrial Park comes as India's logistics and industrial real estate sector records its strongest first-half leasing performance

Royal Enfield, Eicher Motors

Pavel Durov says cybercriminals are exploiting platform moderation systems through 'takedown extortion', putting legitimate online communities across social platforms at risk

Telegram CEO, Pavel Durov

Subramanya SV and Anand Dalmia will exit Groww after completing a planned one-year transition following Fisdom's acquisition and integration into the fintech firm's wealth business

groww

BP India Chairman Kartikeya Dube says India should expand strategic reserves, diversify energy sources and increase domestic oil and gas production to enhance energy security

Bharat Petroleum

NSRCEL plans specialised sector centres and AI-enabled learning tools to expand its entrepreneur network from around 238,000 to more than one million

IIM BANGALORE

The venture capital firm has secured Rs 300 crore in commitments and plans to back 21-22 engineering-led fintech and deep-tech companies at the Series A and select Series B stages

Ajay Modi, director Piper Serica

The latest funding round will value Sarvam AI at around $1.51 billion post-money, bringing its total funding to nearly $349 million.

AI, artificial intelligence

Profound helps users find career opportunities, make introductions and connect with employers

(L-R) Anuj Rathi, Co-Founder and CEO and Prashant Parashar, Co-Founder and CTO, Profound

India's pharma industry must pivot from global leadership in generics to innovation, backed by stronger policy, R&D funding and regulatory reforms, says Satish Reddy

Satish Reddy, chairman of Dr Reddy’s Laboratories

Satish Reddy, chairman of Dr Reddy's Laboratories

Akasa Air sees resilient travel demand despite rising fuel and forex costs, while betting on new airports and long-term expansion

Vinay Dube, Founder & CEO, Akasa Air

Maruti Suzuki Chairman R C Bhargava questioned the relevance of mandatory vehicle-to-vehicle communication norms, saying India's diverse driving conditions require differentiated standards

R C Bhargava Chairman, Maruti Suzuki

Birla outlines objectives for VI: Execute network investments, strengthen market competitiveness and grow customers and earnings

Kumar Mangalam Birla, Chairman of Aditya Birla Group (Photo: Kamlesh Pednekar)

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.

Buzzing :

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News