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

The transaction marks the firm's complete exit from the Gurugram-based fintech, where it was an early institutional investor

Securities and Exchange Board of India (Sebi)

The listing could value Airtel Money at as much as $10 billion, the people said, a valuation that would put it among the largest IPOs on a European exchange in recent years

Bharti Airtel

Bloomberg

The deal was held up in court amid Daiichi Sankyo's long-running dispute with the Singh brothers over its purchase of Ranbaxy Laboratories more than a decade ago

Daiichi

Firm bolsters push into high-net-worth segment with senior hire and expanded leadership team

Kartik Kini

Shares of state-owned CIL on Tuesday ended over 3 per cent higher after the firm reported an 11.1 per cent rise in consolidated net profit for the March quarter.
The stock ended at Rs 466.95, up 3.10 per cent on the BSE. During the day, it jumped 4.63 per cent to Rs 473.90.
On the NSE, the stock climbed 3.20 per cent to end at Rs 467. During the day, it surged 4.72 per cent to Rs 473.90 apiece.
In traded volume terms, 18.44 lakh shares of the firm were traded at BSE and 267.32 lakh shares on the NSE during the day.
CIL on Monday reported an 11.1 per cent rise in consolidated net profit to Rs 10,839.18 crore in the March quarter, driven by higher revenue.
Coal India Ltd (CIL) logged a consolidated net profit of Rs 9,751.64 crore in the year-ago period.
In a filing to the BSE, the Maharatna firm said its revenue from operations rose to Rs 46,490.03 crore from Rs 43,961.56 crore in the corresponding quarter of the previous fiscal year.
The consolidated expenses of the company durin

Coal India

The stock ended at ₹466.95, up 3.10 per cent on the BSE. During the day, it jumped 4.63 per cent to ₹473.90

The project will include 380 homes for existing members, along with over 850 free-sale residences across about 7.6 lakh square feet of saleable carpet area

house of hiranandani, logo

Lower provisions, easing stress in asset quality, and steady growth in non-interest income help drive a robust Q4 earnings performance for the bank

Bandhan Bank

Funding co-led by Susquehanna, Mirae Asset and Bertelsmann to drive expansion, improve unit economics and strengthen operations in India's fast-growing home services market

Snabbit

The firm will use the capital to accelerate its global expansion and drive product innovation

Logistics firms

Health and wellness e-commerce platform HyugaLife has raised Rs 100 crore in a Series A funding round led by venture capital firm IvyCap  Ventures.
The funding round also saw participation from First Bridge Fund.
The fresh capital will be utilised to strengthen the platform's AI-powered personalisation capabilities, expand its dark store network for faster deliveries, and establish an offline retail presence, the company said in a statement.
HyugaLife operates as a marketplace for proteins, supplements, and health foods.
The platform sources directly from brands-eliminating third-party sellers-and conducts independent lab tests for nutrition and heavy metals.
The startup, which counts Indian cricketer KL Rahul among its key investors, currently lists over 10,000 products from more than 450 brands.
"India's protein and supplements market has a trust problem, and HyugaLife was built to address it. We're doubling down on our authenticity guarantee by expanding lab-tested offerings, 

investment, funds, funding

The startup, which counts Indian cricketer KL Rahul among its key investors, currently lists over 10,000 products from more than 450 brands

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

He said net interest margins have bottomed out and will increase in the current financial year

Swarup Saha, MD & CEO of Punjab & Sind Bank

Beverage major says it will continue investing in India to expand reach, build capabilities and drive long-term growth despite the market still being far from maturity

Henrique Braun, Coca-Cola

Appointment of Nobuo Okochi as CFO follows Amit Harlalka's elevation to CEO, ensuring leadership continuity as AMNS India advances expansion and long-term growth plans

Nobuo Okochi

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

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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