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

JSW Steel board on Friday approved a proposal to sign agreements with South Korea-based POSCO Group to enter into a joint venture to set up a 6 million tonne steel project in India.
In an exchange filing, JSW Steel said the joint venture project is proposed to be set up in Odisha.
"Board of Directors has approved entering into a Share Subscription and Joint Venture Agreement, with POSCO Co., Ltd and POSCO- India Private Limited (together referred to as "POSCO Group") through which Saffron Resources Private Limited ("Saffron"), a wholly owned subsidiary of the Company would become a 50:50 Joint Venture between the Company and POSCO Group," JSW Steel said.
The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said.
Saffron possesses 887 acres of land in the state that may be used to set up the proposed plant.
JSW Steel said further to share subscription and joint venture agreement, the POSCO Group will subscribe to shares of Saffro

JSW Steel, JSW

The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said

Aditya Birla Group firm crosses 200 mtpa capacity milestone, outlines Rs 16,000 crore investment plan to expand capacity to 240 mtpa by FY28

Kumar Mangalam Birla, Chairman of Aditya Birla Group (Photo: Kamlesh Pednekar)

Company initiates independent probe with Deloitte and Trilegal; sets up board-level oversight as it reviews allegations at Nashik unit

Tata Consultancy Services, TCS

Global logistics firm takes office space in Kharadi at Rs 1.45 crore monthly rent, indicating relocation of its existing Pune operations

Maersk

Project in Goregaon West to include major rehab component and free-sale area, with Mhada overseeing development under the cluster redevelopment model

Adani Group

Brokerage compensates clients for losses from MCX outage, citing goodwill gesture to protect relationships despite the issue originating at the exchange

Angel One shares gain 8% on healthy Q4 show; PAT up 84% YoY, revenue 38%

Angel One

Currently, more than 95 per cent of Rubicon's revenue comes from the United States (US), where the company has built a generics and specialty portfolio

Rubicon Research (Photo: Company website)

All In Capital invests $350,000 in Vasuki AI, marking first relocation under its Golden Ticket programme aimed at helping Indian AI startups access global capital and scale

Artificial Intelligence, AI Technology, IT Sector

Funding will support product development, AI capabilities, and hiring as GobbleCube expands its presence across global digital marketplaces

GobbleCube

Fintech firms are accelerating co-branded RuPay credit card launches as UPI linkage drives small-ticket credit use, boosts transaction volumes, and deepens integration of credit into everyday digital

Virtual Credit Cards

Indian startup bets on agentic AI for governments and enterprises as adoption scales across sectors, driven by multilingual capabilities, high-volume interactions, and sovereign AI infrastructure

Ankush Sabharwal Founder and CEO CoRover (middle) with the team

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

Ravi Kumar, chief executive officer (CEO), Cognizant

Max Healthcare plans to expand capacity to 6,500 beds by FY27 and boost medical tourism through overseas offices and new facilities, including a 400-bed tower in Delhi

Abhay Soi, Chairman and Managing Director, Max Healthcare

Company to expand backward integration with ingot and wafer units, alongside a 6 Gw integrated solar facility in Madhya Pradesh, as it scales clean energy portfolio and new segments

Sameer Gupta, Chairman, Jakson Group

IBM's Hans Dekkers says enterprise AI adoption hinges on data control, hybrid cloud strategies, and domain-specific models, with digital sovereignty defined by autonomy, not just data localisation

Hans Dekkers, general manager, IBM Asia-Pacific

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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