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

Foxconn begins shipping key iPhone 17 parts from China to India for trial production; full-scale assembly to start in August as Apple aims for simultaneous launch in India and China

Foxconn

IRB Infrastructure Developers and its InvIT report an 8% YoY growth in toll revenue, reaching Rs 1,680 crore in Q1 FY26 despite the early onset of the monsoon

IRB Infrastructure Developers

Foxconn has drawn up an alternative plan to rescue its India iPhone 17 production by bringing in experts mainly from Taiwan and the US

iPhone, apple

The Nadar family earned ₹9,906 crore from HCL Technologies in FY25, up from ₹8,585 crore a year earlier

Shiv Nadar

Social media platform X has slashed subscription fees for account holders in India by up to 48 per cent, according to updates on its portal.
The social media firm has slashed premium account subscription fee for mobile app by about 48 per cent to Rs 470 from Rs 900 it charged earlier on a monthly basis.
The subscribers of premium and premium-plus service at X get a checkmark next to their name or id.
Similarly, X has reduced premium subscription fee by about 34 per cent for web accounts to Rs 427 from Rs 650 charged earlier.
The charges for premium subscription on mobile apps are higher at Rs 470 due to additional fees charged by app stores.
The company has slashed monthly subscription for basic subscribers on their handle by 30 per cent to Rs 170 from Rs 243.75 earlier.
The basic account holder gets featured to enable them to edit posts, write longer posts, background video playback and they can download videos.
The reduction is about 34 per cent for the annual subscription fee

x, Twitter

The social media firm has slashed premium account subscription fee for mobile app by about 48 per cent to ₹470 from ₹900 it charged earlier on a monthly basis

Tesla will compete with its Chinese rival BYD, as well as domestic major Tata Motors in the Indian market

Tesla, Tesla logo

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm

Religare

Walmart-owned Flipkart is offering a $50 million stock buyback to employees, signaling confidence in its upcoming IPO and promising an additional liquidity event if performance targets are met

Flipkart

VinFast partners with BatX Energies to recycle and repurpose high-voltage EV batteries in India, strengthening its commitment to a sustainable battery value chain for its India operations

VInfast

The deal marks a major step towards building a localised and sustainable battery value chain for VinFast's India operations, including its upcoming Thoothukudi factory and after-sales services

PhonePe maintains its leadership on the UPI leaderboard, capturing a 46.46% market share in June, processing over 8.54 billion transactions, according to NPCI data

PhonePe

With assets under management of over ₹12 billion, Infinity offers loans to entrepreneurs and small business owners in India's smaller cities, supporting them in achieving their growth goals

Shrikant Ravalkar, Founder, MD & CEO Infinity

Santosh Iyer, managing director and chief executive officer of Mercedes-Benz India, talks about the rising competition ahead of Tesla's India entry

Santosh Iyer

Keshav Murugesh discusses WNS's merger with Capgemini and the roadmap for AI-led intelligent operations

Keshav Murugesh, chief executive officer (CEO), WNS.

Zomato founder Deepinder Goyal has bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for Rs 52.3 crore, according to Zapkey.
Goyal, who co-founded food delivery platform Zomato, bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022.
The registration of this property has been done in March this year, as per the Zapkey, which has seen and reviewed the registration document.
Goyal bought an apartment, having 10,813 square feet super built up area, in 'DLF Camellias' project on Golf Course Road, DLF phase-5 for Rs 52.3 crore, Zapkey said.
According to market experts, the value of this property is now between Rs 125 crore and Rs 150 crore.
In Gurugram, housing prices have surged significantly in the last three years.
Many industrialists and top executives have bought apartments in the DLF Camellias project.
After the success of DLF Camellias project, DLF Ltd has launched another ultra luxury project 'The Dahlias' at same location.

Deepinder Goyal, Zomato CEO

According to market experts, the value of this property is now between ₹125 crore and ₹150 crore

IDFC First Bank chief says not insuring the microfinance portfolio earlier worsened FY25 losses but confirms that 66 per cent of the book is now covered under CGFMU

V. Vaidaynathan, MD and CEO, IDFC First Bank, V Vaidaynathan

Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd, talks about the company's strategy and challenges in India

Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd

Parth Jindal says JSW Paints' acquisition of AkzoNobel India will strengthen decorative and industrial paint segments; Dulux, tech tie-up key to long-term strategy

Parth Jindal & Greg Poux-Guillaume

Udemy CEO Hugo Sarrazin about AI in learning, and how significant a market India is for the company

Hugo Sarrazin

Tariffs are not impacting our industry directly in the sense that they impact goods and services, says Gangadharan

Nasscom chairperson Sindhu Gangadharan

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