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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Hinduja Housing Finance on Friday announced the appointment of Vivek Kannan as its Chief Executive Officer.
Kannan, who joined the company as Chief Operating Officer in 2020, succeeds Sachin Pillai, who stepped down as Managing Director of the housing finance company on October 29.
Pillai will continue on the company's board as a non-executive director.
Kannan with over two decades of experience in the financial services sector will focus on strengthening the company's market presence and driving sustainable growth.
Commenting on the appointment, Dheeraj G Hinduja, Chairman, Hinduja Housing Finance said, under his leadership, the company will continue to strengthen its capabilities and deliver long-term value to its customers and stakeholders.
Hinduja Housing Finance is a subsidiary of Hinduja Leyland Finance Ltd.

Vivek Kannan

Kannan, who joined the company as Chief Operating Officer in 2020, succeeds Sachin Pillai, who stepped down as Managing Director of the housing finance company on October 29

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CEO Jayant Acharya said the company remains on track to spend ₹22,000-24,000 crore in FY27 as it targets nearly 80 million tonnes of capacity

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