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

Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday.
The initial production target was 838 MT, which was revised to 806-810 MT in January.
In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth.
Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months.
Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year.
Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved.
On the issue of international coal prices softening, Prasad ruled out any pr

Coal India

In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth

SoftBank-backed Ola Electric has laid off over 1,000 employees as part of a restructuring move to cut costs and improve margins, even as it struggles with mounting losses and rising competition

Ola Electric, OLA

Adani Green Energy Ltd had earlier shelved its planned $600 million bond offering in November 2024 following the US indictment of key executives, including Chairman Gautam Adani

Adani Group (Photo: Bloomberg)

The non-banking financial company plans to raise the funds through a three-year loan, according to Parag Sharma, managing director and chief financial officer at Shriram Finance

Shriram Finance

The small monetary fines are a mere rap on the knuckle, especially for Asia's richest person and his Reliance conglomerate

Mukesh Ambani

Odisha Chief Minister Mohan Charan Majhi on Sunday said a mega steel plant with an investment of around Rs 40,000 crore will be jointly set up by JSW and POSCO in Keonjhar district's Patna area.
Addressing a public gathering at Champua, Majhi said, "I had vowed to set up a mega steel plant in Keonjhar district. God was kind enough to make me the chief minister to realise this dream."
In addition to Patna area, the CM said steel industries would be developed in various parts of the district, with a total investment exceeding Rs 1 lakh crore.
On January 28, during the 'Utkarsh Odisha-Make in Odisha Conclave,' the JSW Group, led by Sajjan Jindal, signed an MoU with the Odisha government to establish a 5 million tonnes per annum (MTPA) steel plant in Keonjhar.
In October last year, the JSW Group and South Korean steel giant POSCO had signed an MoU to set up an integrated steel plant in India with an initial capacity of 5 MTPA.
However, the companies have not revealed the location wher

Mohan Charan Majhi, Mohan, Charan, Odisha CM

Addressing a public gathering at Champua, Majhi said, "I had vowed to set up a mega steel plant in Keonjhar district. God was kind enough to make me the chief minister to realise this dream."

In India, Prosus has investments in Swiggy and owns payment technology (tech) company PayU, Rapido, a ride-hailing aggregator, and ecommerce platform Meesho

David Tudor, Group General Counsel, Naspers/Prosus

Think & Learn Pvt Ltd (Byju's) unlawfully orchestrated and benefited from a fraudulent scheme. Sham hedge fund Camshaft Capital facilitated the fraudulent scheme to defraud term loan lenders

gavel law cases

India's agriculture water technology sector requires investments of Rs 500-600 crore to achieve widespread adoption of smart irrigation solutions even as the country faces a deepening water crisis, according to the latest report.
The study by DCM Shriram on "The Investment Mismatch in AgWater" highlights that despite agriculture consuming the largest share of water resources while contributing 16 per cent to GDP and employing 55 per cent of the workforce, the sector struggles with efficiency and adequate funding.
India has between 70-100 active AgWaterTech startups, but many risk closure due to investment hurdles, according to the report.
"Limited data, long gestation periods, and the high proportion of small and marginal farmers make AgWaterTech less attractive to investors," it added.
Ajay S Shriram -- Chairman and Senior Managing Director, DCM Shriram and Director of DCM Shriram Foundation -- emphasised the severity of the situation, saying, "Water is the most critical resource 

agriculture

India has between 70-100 active AgWaterTech startups, but many risk closure due to investment hurdles, according to the report

Company scouts for fresh land in Chennai for bigger centre; mulls IPO

data centre

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands

Prakash Sikaria, Founder & CEO, super.money

Hartsock spoke about her journey, flipping the firm's outsourcing ecosystem, and expanding its capacity centre

Jennifer Hartsock, executive vice president and chief information & digital officer, Cargill

We are clearly seeing this macro trend play out over the last 15-20 years

Mahindra and Mahindra

Sohn speaks on the company's rationale behind investing in Cashfree, monetisation challenges in the Indian gaming segment and focus areas for 2025

Sean (Hyunil) Sohn, chief executive officer (CEO), Krafton India

While Shell is planning a major initiative to re-refine waste oil in its core business of lubricants, it is also adapting cutting-edge AI to enable efficiency and run complex energy simulations

Mansi Tripathy, Shell India chairman

Less than 15-25 per cent of all use cases going into production

HARRICK VIN, chief technology officer (CTO), Tata Consultancy Services (TCS)

The common thread is backing grounded founders who are hands-on and have a relentless focus on execution

Sanjay Kukreja, Partner and CIO, ChrysCapital

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

Kunal Shah, founder, Cred

Murray shared his insights on the country's growing commercial real estate sector

NEIL MURRAY, chief executive officer (CEO) of real estate management services at JLL

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