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

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

Upasana Taku, executive director, co-founder and chief financial officer, MobiKwik

Coal India's Q4 profit rises 12% on higher income, but weak offtake and softer FY26 performance highlight demand concerns despite diversification push

coal india, CIL, Coal Bhawan, coal India office

Capital-A said the fund is also in advanced discussions with select domestic institutional and quasi-sovereign investors aligned with its sector focus

investment, funds, funding

Johnson Lifts raises stake to over 80% in Toshiba JV, aiming to strengthen its position in India's premium elevator and escalator market with enhanced growth prospects

The much-anticipated provision of the deal value threshold (DVT) under the Competition Amendment Act 2023, notified on Monday, seeks to capture mergers and acquisitions (M&As) where the deal value exceeds Rs 2,000 crore or where the target company ha

MakeMyTrip is reportedly evaluating IDR route over a traditional IPO as it looks to access Indian investors while managing tax exposure, regulatory complexity in its offshore structure

MakeMyTrip

Acquisition of ₹1,123 crore adds Gurugram to co portfolio amid expansion

Larsen & Toubro

Visa, a payment gateway provider, on Monday announced that Suresh Sethi has been appointed Group Country Manager for India and South Asia.
In this role, Sethi will lead Visa's strategy and operations across India, Bangladesh, Sri Lanka,  Nepal, Maldives and Bhutan, the company said in a statement.
He succeeds Sandeep Ghosh, who is leaving Visa for other opportunities.
Based in Mumbai, Sethi will report to Stephen Karpin, Regional President, Asia Pacific, Visa, it said.
Most recently, Sethi served as MD and CEO of Protean e-Gov Technologies Ltd, where he led its transformation into an agile, product-led Digital Public Infrastructure (DPI) institution, it added.

VISA

Based in Mumbai, Sethi will report to Stephen Karpin, Regional President, Asia Pacific, Visa

Gaming firm Metasports Interactive secures $20 million from Metica to scale user acquisition and drive global expansion of its cricket game Hitwicket

The government on Saturday issued detailed guidelines for operationalisation of the second tranche of Rs 10,000 crore fund of funds (FoF) scheme for startups.
The guidelines include mechanisms for fund deployment, governance, and monitoring, with the objective of improving the efficiency of capital flows into India's startup ecosystem, the commerce and industry ministry said.
The scheme will be implemented through commitments to SEBI-registered Category I and II Alternative Investment Funds (AIFs), which will invest in DPIIT-recognised startups.
"This approach is expected to ensure disciplined capital allocation, crowding-in of private investments, and wider access to funding across sectors, stages, and geographies," it said.
The Small Industries Development Bank of India (SIDBI), it said, will act as the initial Implementation Agency and will undertake execution through a structured AIF selection and monitoring process.
The Department for Promotion of Industry and Internal Trade 

startups

The scheme will be implemented through commitments to Sebi-registered Category I and II Alternative Investment Funds (AIFs), which will invest in DPIIT-recognised startups

Bengaluru-based AAA gaming studio secures funding from VCs and Indian cricketers as it prepares to launch 'eCricket' and scale live operations

Startup bets on a systems-led approach over hit-driven strategy as investors back faster, repeatable game development and portfolio expansion in the mobile gaming space

(L-R) Tapan Ranjan is Co-founder and DOE of Spill Games, Om Misra is Co-founder and CEO of Spill Games in the Middle, Right is Harsh Garg is Co-founder and CTO of Spill Games

Pharma veteran Umang Vohra to lead Advent-backed Cohance Lifesciences as chairman and CEO, succeeding Vivek Sharma amid efforts to revive growth and address regulatory challenges

Cohance

India, Ericsson's second-largest market by revenue, will continue to be among the top rung, says Magnus Ewerbring

Ericsson’s chief technology officer for the Asia-Pacific, Magnus Ewerbring

Ericsson's chief technology officer for the Asia-Pacific, Magnus Ewerbring

SBI General targets 10% private market share, banking on retail growth and disciplined underwriting despite pricing pressures and rising acquisition costs

Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance

Arun Misra says the miner is preparing a $500-600 million capex programme, targeting a doubling of metal production over three to four years while expanding its silver and critical minerals businesses

Hindustan Zinc

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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