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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Business Standard

Speciality Restaurants' Anjan Chatterjee on liberalisation, scaling brands, competition and the challenges confronting India's restaurant industry

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Last week, Lam Research India announced its plan to invest ₹10,000 crore in India

Rangesh  Raghavan Lam Research

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The state-run miner plans to scale up research spending across mining, critical minerals, clean coal and energy-transition technologies, with the annual outlay reaching Rs 500 crore by FY30.

minerals

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Tata Trusts says the September 17 resolution failed the Article 121 test as its two nominees split 1-1

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Senior Supreme Court advocate Abhishek Manu Singhvi, in a social media post, said on Sunday that he had entered the fray in the Tata dispute, indicating that a legal process may be fast-tracked

Noel Tata

Mumbai-based Vytalyou has raised Rs 8-10 crore at a valuation of around Rs 33 crore to expand its network in Mumbai and enter other major Indian cities in 2027

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E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.

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The fresh produce platform plans to scale its zero-inventory model into three more metros and is targeting three-fold to five-fold year-on-year growth

Handpickd founder and chief executive officer, Anant Goel

Flam plans to use the fresh capital for research and development of its AI models, expanding its product suite and scaling enterprise sales globally

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Tata Trusts says Tata Sons cannot disown the nominee directors' affirmative voting rights it defended before the Supreme Court during the Cyrus Mistry litigation

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IDTA members have committed $3 billion to deep-tech startups, with $250 million invested so far, as investors seek to strengthen India's deep-tech ecosystem

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The conglomerate named his ​son, Howard Buffett, a Berkshire director since 1993, as chairman.

Warren Buffett

The leadership reshuffle comes as Practo grows 40 per cent year-on-year and remains profitable, while expanding in the UAE and US and investing in artificial intelligence.

Top row L-R: Siddhartha Nihalani, Co-founder & COO - B2C; Abhinav Lal, Co-founder & Chief Scientist ; Second row L-R: Shashank ND Singh, Founder, Managing Director and Executive Chairman; Jagnoor Singh, Chief Executive Officer; Rowel Coelho, COO - B2

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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