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

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

A program intended to inform too often became a tool to censor, Meta said

REC Limited (Photo: PIB)

Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu.
Customers can invest in fixed deposits through the marketplace with leading financial institutions at interest rates of up to 9.1 per cent without the need for a savings bank account, the company said in a statement.
"With our fixed deposit marketplace, we aim to democratise access to high-yield, fixed-return instruments from multiple trusted providers.
"This simple and secure platform is designed to offer competitive interest rates, empowering both seasoned investors and newcomers to grow their wealth confidently and effortlessly," Tata Digital Chief Business Officer, Financial Services, Gaurav Hazrati said.
The company said customers invest as little as Rs 1,000. With bank investments insured up to Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), they get safety and complete peace of mind.
Customers c

Tata

Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu.

Meta has appointed three new members to its board of directors, including Dana White, the president and CEO of Ultimate Fighting Championship and a key figure in the orbit of incoming President Donald Trump.
The social media company, which owns Facebook, Instagram and WhatsApp, is also adding auto tycoon John Elkann and tech investor Charlie Songhurst, Meta CEO Mark Zuckerberg said in a Facebook post late Monday.
White's ties with Trump date back to 2001, when White hosted a UFC at the Republican's former casino-hotel in Atlantic City, New Jersey, the Trump Taj Mahal. Trump has also appeared with White at UFC matches over the years, especially in his 2024 campaign as part of efforts to appeal to younger male voters.
White, in turn, has had speaking roles at the 2016, 2020 and 2024 Republican conventions and appeared on stage at Trump's election victory party in November, even speaking briefly to the crowd.
White has built UFC into one of the most valuable, fastest growing, and most

Whatsapp, meta

The social media company, which owns Facebook, Instagram and WhatsApp, is also adding auto tycoon John Elkann and tech investor Charlie Songhurst, Meta CEO Mark Zuckerberg said in a Facebook post

The tech giant will also support the country's long-term competitiveness by training 10 million people over the next five years with AI skills

Microsoft CEO Satya Nadella

A Chartered Accountant with 30 years' expertise, Sanjeev Kumar Sharma has worked with top firms across real estate, banking, and more

Signature Global

Microsoft CEO Satya Nadella announced a $3 billion investment to expand cloud and AI infrastructure in India, aiming to enhance regional capabilities and train 10 million people in AI by 2030

Satya Nadella

The service initially covers key areas such as Goregaon, Bandra, and the Bandra Kurla Complex (BKC), with plans for further citywide expansion

Blusmart

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Crypto exchange platform CoinSwitch

The company will utilise the raised funds to scale its two-wheeler energy solution to over 1 lakh vehicles over the next two years while advancing the deployment of 1 GWh of energy storage

EMO Energy

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

(From left) Abhinav Chaturvedi and Barath Shankar Subramanian, Partners at Accel

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Harsha Vardhan Agarwal, vice-president and managing director, Emami

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Rajeev Jain, MD, Bajaj Finance

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

ANKUR BANSAL, co-founder and director of BlackSoil

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Stephen Dainton, President of Barclays Bank PLC

India has become a very important hub. But it's not the only hub for us to innovate, given our width of solutions

Shailendra Katyal, Managing Director, Lenovo India

Singh spoke about the major trends that dominated the insurance space in 2024 and the trends to look forward to in the new year

Sarbvir Singh, CEO, Policybazaar.com

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud

Jayabalan said the India GTDC is playing a crucial role for driving global innovations at the firm and the plan is to continue scaling up the centre both in terms of capacity and capabilities

Sreekanth Jayabalan, VP Transformation Officer and VP in charge of the Global Digital Technology Centre (GDTC),  at global consumer goods firm Kimberly-Clark

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

Interview