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

Commercial vehicle maker reports higher volumes, stronger margins and record annual revenue despite headwinds from commodity prices and West Asia tensions

Tata

Lender says it has strong legal grounds to contest the tax demand as investors cheer the end of a key regulatory overhang on the stock

IIFL Finance

Deal gives Vyome entry into the fast-growing market for next-generation autoimmune and inflammatory disease drugs

Vyome, Vyome Holdings

Global technology company Zoho Corporation on Wednesday announced an investment of Rs 70 crore in the Open Network for Digital Commerce (ONDC) to support the development of sovereign technology in the country.
The investment is aimed at making technology more accessible and inclusive for businesses of all types and sizes, particularly Micro, Small and Medium Enterprises (MSMEs), by helping them overcome structural constraints in digital commerce.
"Zoho Corporation...has invested Rs 70 crore in the Open Network for Digital Commerce (ONDC) to support the development of sovereign technology in India," the Chennai-headquartered firm said in a statement.
Zoho already facilitates digitisation for MSMEs through its finance suite of applications, which includes the Vikra seller app on the ONDC network, alongside Zoho ERP, Zoho Books, Zoho Inventory and Zoho Commerce.
The company's investment will continue to help expand the network's ecosystem and accelerate adoption, enabling more busines

ZOHO

The investment is aimed at making technology more accessible and inclusive for businesses of all types and sizes, particularly Micro, Small and Medium Enterprises

The country's largest carmaker Maruti Suzuki India Ltd on Wednesday said it has committed Rs 1,372 crore towards dedicated green logistics infrastructure, as it aims to increase share of rail-based vehicle dispatches to 35 per cent by 2030-31.
The company, which crossed 30 lakh cumulative vehicle dispatches through railways, currently has 26.5 per cent of its total dispatches coming from rail outbound logistics, said Maruti Suzuki India Ltd (MSIL)
"Since 2014, our rail-based vehicle dispatches have increased ninefold in volume, now contributing 26.5 per cent of the company's total vehicle dispatches. Maruti Suzuki has committed over Rs 1,372 crore towards dedicated green logistics infrastructure," MSIL Managing Director & CEO, Hisashi Takeuchi said.
This includes development of in-plant railway sidings at the company's Hansalpur and Manesar manufacturing facilities, rail yards set-up at key logistics hubs, procurement of specialised automotive rakes, and supporting multiple ...

car colour trends India 2025, black cars popularity, white cars market share, passenger vehicle colour trends, SUV colour preference India, Gen Z car buying trends, Maruti Suzuki Tata Motors colours, Jato Dynamics India data, Black Edition cars India

The company, which crossed 3 million cumulative vehicle dispatches through railways, currently has 26.5 per cent of its total dispatches coming from rail outbound logistics

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months  and many of their cars like the electric Comet have already crossed the 50% localisation mark

From kickstart scooters to kickstarting consumer credit, group's century-long reinvention mirrors India's changing economy

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group’s 100-year | Photo: BS Reporter

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group's 100-year | Photo: BS Reporter

The Indian semiconductor startup is developing AI-native processors for appliances, EVs and industrial systems that process data closer to where it is generated

Ramamurthy Sivakumar, founder and CEO of HrdWyr

The development comes at a time when Adda247, which has raised around $67 million to date, is preparing for a public listing over the next 12 to 18 months

Adda247

Health-tech platform expands investment in AI-driven healthcare systems that support patient and provider decision-making while growing its engineering team

Shashank ND, co-founder and CEO, Practo

The revised Press Note 3 framework may speed up startup deals by allowing limited China-linked exposure through the automatic FDI route, while keeping direct Chinese investment under approval

startups

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

Hardeep Singh Ahluwalia, executive director, Canara Bank

In the centenary year marking the inception of Bajaj Group as a business house in Mumbai, Chairman Shekhar Bajaj speaks about the journey and the road ahead for Bajaj Electricals

Shekhar Bajaj, Chairman, Bajaj Electricals

Bajaj outlined the group's ambition to take Bajaj Finserv to every middle-class household in India over next 5 years and build it into country's "best" and one of its largest financial conglomerates

d-sanjiv bajaj-5

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

Ashok Kumar Panda has assumed charge as chairman and managing director (CMD) of Steel Authority of India Limited (SAIL)

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