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

Tata Projects on Monday said it has forged a strategic partnership with Canada-based MDS Aero Support Corporation to advance aero-engine testing infrastructure in India.
The collaboration brings together Tata Projects' advanced infrastructure capabilities and MDS Aero Support's global expertise in gas turbine engine testing, a company statement said.
The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem, it added.
Under the partnership, Tata Projects will lead key infrastructure elements including civil and structural works, MEP, high-air-pressure systems, HVAC, high-temperature exhaust systems, cooling-water systems and associated site infrastructure.
MDS will bring its specialised expertise in the design, engineering, supply, integration, commissioning and lifecycle support of advanced gas turbine engine test facilities and systems.
Rajiv Menon, President and Chief Growth and Strategy Office

TATA GROUP

The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem

Once shares begin trading, management must report to investors through financial results, material disclosures and regular shareholder communication

Indian Coal Exchange will operate as a physical delivery-based coal trading exchange, providing a technology-enabled marketplace that brings buyers and sellers together on a single platform

coal

Sun Pharma will commercialise and manufacture LIB Therapeutics' once-monthly cholesterol drug outside the US and China after its EU approval

Sun Pharma

NMDC's new project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum (MTPA) slurry pipeline and a 2 MTPA pellet plant at Nagarnar.

NMDC under pressure to cut iron ore prices for April

iron ore

The growth drive puts HSBC in more direct competition with larger local rivals including ICICI Bank Ltd. and Kotak Mahindra Ltd. for a slice of India's fast-expanding wealth pool

HSBC, HSBC Holdings, HSBC headquarters

Bloomberg

The boardroom battle in India's top industrial conglomerate leaves a trail of unanswered questions

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Nearly half of high-value electronics purchases are expected to use affordability options, while biometric authentication is seeing higher payment success rates

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IITM Unicorn Frontier Fund I has deployed nearly Rs 55 crore in four deep-tech startups and is targeting a final close by December 2026

IIT Madras, Unicorn India Ventures announce Rs 450 crore first close of Rs 1,000 crore fund

The solution combines agentic AI with property, inventory and CRM systems to support discovery, lead qualification, sales and post-sales interactions through WhatsApp and voice

Technology, artificial intelligence, Telecom industry

Brahma AI is an AI-native enterprise technology company focused on audiovisual content across media and entertainment, sports, healthcare, and advertising.

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Chittilappilly, who has been managing director since 2012, will take on the additional role following the completion of Radha Unni's second and final term

Mithun K Chittilappilly appointed as Chairperson & Managing Director of V-Guard Industries

NX Group plans a dedicated semiconductor logistics facility in Gujarat in 2027 and will train its Indian workforce to handle sensitive chip equipment and materials

Katsuhito Kobayashi

Japanese logistics major plans a dedicated semiconductor facility in Gujarat in 2027 and will train its Indian staff to handle specialised chip logistics

Sunil Gupta, cofounder of QNu Labs, talks about why digital security is a sovereign need

Sunil Gupta, Cofounder, QNu Labs

Tata Hitachi MD Sandeep Singh said the company will rely on its dealer network, customer relationships, machine quality and resale value to compete with Chinese equipment makers

tata hitachi managing director sandeep singh said firm is targeting average revenue growth of 10% a year over the next 5 years

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

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