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

Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the "silicon" in Silicon Valley

Intel

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore.
On March 10, the private sector lender disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024, as per its internal review.
Analysts peg the discrepancy at Rs 2,100 crore in absolute terms.
Against this backdrop, the Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is likely to review the bank's financial statements.
"As a proactive measure, ICAI-FRRB may undertake a review of the financial statements of IndusInd Bank," ICAI President Charanjot Singh Nanda told PTI on Thursday.
FRRB conducts the review of financial statements of companies to assess compliance with Accounting Standards, Standards on Auditing, Schedule II and III of the Companies Act, 2013, am

Indusind Bank

On March 10, the private sector lender disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024

London-listed BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy group wants to cut costs and improve its return on investments

bp logo

Kunnumal replaces Milind Lakkad, who is stepping down upon his superannuation

TCS, Tata Consultancy Services

Delhi Airport has three terminals: T1 with a capacity of 40 million passengers per year, T2 with 15 million, and Terminal 3 (T3) with 45 million

Delhi airport, Airport

IndusInd Bank on Thursday said that the holding of HDFC Mutual Fund in the bank has crossed 5 per cent as the fund house purchased an additional 15.92 lakh shares from the market.
The stake increase comes a day after IndusInd Bank announced a whopping Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, a massive price correction in the bank's shares was witnessed.
The aggregate holding of HDFC Mutual Fund Scheme in IndusInd Bank as of the close of business hours on March 11, 2025, was 5.02 per cent of the paid up equity capital of the company, the bank said in a regulatory filing.
Following an additional 0.20 per cent stake purchase, HDFC Mutual Fund through its various schemes had 77.9 crore shares at the end of March 11, it said.
Prior to the stake purchase, HDFC Mutual Fund's holding was 4.82 per cent but with an additional share purchase, the holding rose to 5.02 per cent.
The filing however did

IndusInd Bank

The stake increase comes a day after IndusInd Bank announced a whopping Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth

Magma General Insurance, with presence across motor, health, property, and other commercial lines, reported a gross written premium (GWP) of Rs 3,295 crore in 2023-24 (FY24)

Patanjali

So long GIC Re, a public-sector entity, was the only player in the field

Insurance, irdai

The company became the master franchisee of American fast food giant Wendy's in 2023. Since then, Rebel has scaled Wendy's to 200 stores, with the latest one opening in Gurugram on Wednesday

Ankush Grover, Cofounder, Rebel Foods

On the international front, the fashion-tech brand plans to open two stores in Dubai. It is currently scouting locations and aims to begin operations by the end of 2025

Amar Nagaram, co-founder and chief executive officer (CEO), Virgio

Speaking on the sidelines of TiECon, Mehta stated that Ather's focus remains on scaling its business, as the company is bullish on expanding its market beyond South India

Tarun Mehta

The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business

JIJI MAMMEN, ED&CEO, Sa-Dhan

'We have installations  of about 6 Gw in solar and 5 Gw in wind energy, and a pipeline of 15 Gw,' said Sumant Sinha, chairman and chief executive officer of ReNew

Sumant Sinha

"In India, we're witnessing distinctive travel trends, including spiritual and religious tourism" said Laura Houldsworth, MD & VP, APAC, Booking.com

Laura Houldsworth

Karine Allouche, general manager for enterprise at Coursera, highlighted that 95 per cent of Indian higher education leaders believe micro-credentials help create job-ready graduates

Karine Allouche,

I'm not overly concerned about daily stock price fluctuations - we are in this for the long term, said Hexaware CEO

R. Srikrishna, CEO of Hexaware

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

Harindarpal ‘Harry' Singh Banga

ELC President and CEO Stephane de La Faverie talks about how they are fostering entrepreneurship in India's rapidly expanding beauty market

Stephane de La Faverie, President & CEO, The Estee Lauder Companies

Dish TV is focusing on expanding its revenue stream, said Manoj Dobhal

Manoj Dobhal, CEO, Dish TV

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