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 section of Akasa Air has written to the civil aviation ministry seeking a probe into the airline's hiring practices, alleging rostering issues and other lapses.
Among others, these pilots have claimed that some operating crew do not report to work on time and claimed that there are issues with reporting of On Time Performance.
On Thursday, the section of the pilots sent an e-mail to Civil Aviation Minister K Rammohan Naidu, Civil Aviation Secretary, and Director General of Civil Aviation, flagging various issues at the airline.
There was no immediate comment from Akasa Air.
In the e-mail, the pilots have sought an investigation into the airline's hiring practices, claiming that hiring was being done at the whims and fancies of a chosen few.
It also alleged that the carrier does not have a stable roster.
Recently, the section of pilots had raised concerns about alleged training and safety issues at the airline even though the airline had rejected them as baseless and untrue.
In

Akasa Air, Akasa airlines

Among others, these pilots have claimed that some operating crew do not report to work on time and claimed that there are issues with reporting of On Time Performance

The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter

Donald Trump

State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction companies.
The Chennai-headquartered lender said it is selling 46 loan accounts and invited expressions of interest from the ARCs, according to an official statement.
The sale will be conducted through an e-auction under the open auction method on a portfolio basis, it said, adding that the portfolio comprises accounts financed under a consortium arrangement, with some admitted under NCLT.
Prospective buyers can bid on a portfolio basis, individual accounts, or groups of accounts, it added.
IOB Managing Director and Chief Executive Ajay Kumar Srivastava said when it comes to resolving stress, it wants to focus on value maximisation through recovery measures, including invoking SARFAESI actions, compromise settlements, and sales to ARCs.
Eligible ARCs and other transferees can submit their EoI by January 18 to participate in the e-auction scheduled for Janu

Indian Overseas Bank, IOB, PSU Banks

The sale will be conducted through an e-auction under the open auction method on a portfolio basis

PVR Inox remains focused on delivering exceptional experiences and is confident in its strong business outlook for 2025, said PVR Inox MD

Ajay Bijli, PVR Inox MD

Uptick in FY24 mirrors similar trend in the listed space. The second of a 3-part series on unlisted firms' financials looks at their debt

Debt

India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24

TCS, Tata Consultancy Services

While referrals are typically reserved for known quantities - former colleagues, or at least someone with a mutual acquaintance who can vouch for them - there's a burgeoning underground market

From Accenture to IBM, IT hiring set to gain pace with 25,000 openings

This funding will support Innovaccer's efforts to expand collaboration with existing customers, introduce new AI and cloud capabilities, and scale its developer ecosystem

Innovaccer

Lenskart's revenue from operations rose by 43 per cent to Rs 5,427.7 crore in FY24, and due to cost-effective management, it controlled its losses by 84 per cent

lenskart

"The pitch will happen next month. Lenskart is a profitable business," said a person familiar with the development

PhysicsWallah offers two types of classes for students: Vidyapeeth, which are its offline centres, and Pathshala, which includes a hybrid model

Alakh Pandey, founder and CEO, PhysicsWallah.

KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS

KredX

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

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

Rossell Techsys MD Rishab Gupta discusses the firm's demerger from Rossell India and its entry into the space sector, highlighting a Rs 2,800 crore order book and a focus on defence and civil aviation

Rossell Techsys Managing Director Rishab Gupta

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Sanjiv Puri

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

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