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

At present, badminton Olympian P V Sindhu, Indian woman cricketer Shafali Verma, and tennis player Sumit Nagal are acting as brand endorsers for Bank of Baroda

Debadatta Chand, Managing Director & CEO, Bank of Baroda welcomed Sachin Tendulkar as Bank of Baroda's global brand ambassador | Photo: X/ @bankofbaroda

Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period.
Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement.
Production in Q2 FY25 was restricted to 86,000 units, down 7 per cent as compared to 93,000 units in the year-ago period as a result of aluminium supply disruptions reported in Q1 FY25, it added.
We expect both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, the company said.

Tata Motors has commenced construction of its new Rs 9,000 crore plant in Tamil Nadu, which will also manufacture the next generation of Jaguar Land Rover (JLR) vehicles. This marks the first time a premium vehicle will be fully manufactured in India

Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement

On Monday, the company commenced the delivery of the largest single order of electric trucks in India to Billion Electric Mobility, a member of Group BillionE

Ashok Leyland

In August this year, Emami acquired 100 per cent ownership of men's grooming brand The Man Company

Harsha V Agarwal, vice chairman and managing director, Emami

Coal India-arm SECL is set to spend Rs 169 crore over the next five years on extensive plantation drives in Chhattisgarh and Madhya Pradesh, an official statement said on Monday.
In partnership with the Rajya Van Vikas Nigam, the South Eastern Coalfields Ltd (SECL) aims to plant over 26 lakh saplings in Chhattisgarh and 12 lakh in Madhya Pradesh between 2023-24 and 2027-28.
The initiative also includes a four-year maintenance period for each year of plantation to ensure proper growth and survival of saplings, the coal ministry said in a statement.
In alignment with the Prime Minister Narendra Modi's  'Ek Ped Maa Ke Naam' campaign, SECL has planted 1,46,675 saplings across its operational areas in Chhattisgarh and Madhya Pradesh.

coal india, CIL, Coal Bhawan, coal India office

In partnership with the Rajya Van Vikas Nigam, the South Eastern Coalfields Ltd (SECL) aims to plant over 26 lakh saplings in Chhattisgarh and 12 lakh in Madhya Pradesh

The key focus areas for the company in India would be building power transmission systems, especially high-voltage direct current (HVDC) technology for which it is the only supplier in India

Sterlite Power Transmission Limited

Home-grown FMCG major Emami expects four to five-fold growth in sales through quick commerce channels in the next two years, the company's Vice Chairman & MD Harsha V Agarwal said on Monday.
Besides, it is also looking for more acquisition opportunities in D2C (direct-to- consumer) segments in sectors like nutrition, pet care or health food.
The Kolkata-headquartered company is quite encouraged by a good monsoon this season and is "optimistic" for good festive season sales, even from the rural markets, which were lagging.
Emami has recently acquired the remaining 49.6 per cent stake in Helios Lifestyle, which owns men's grooming brand 'The Man Company'.
Besides, it had acquired a 26 per cent stake in Axiom Ayurveda, marking its entry into the packed juice business and increased its stake in pet care product maker Cannis Lupus.
"...we have been very aggressive in the acquisition and even going forward, we are looking for acquisitions, be it full acquisitions or partnering with D2C 

Besides, it is also looking for more acquisition opportunities in D2C (direct-to- consumer) segments in sectors like nutrition, pet care or health food

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

India has more than 100 space technology startups and most were founded in the past five years. It owns 55 active space assets that include communication, meteorological and Earth observation satellites. According to a report by Tracxn, a market inte

Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said.
Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles.
The Hyderabad facility is expected to be operational by the end of 2025.
"This strategic investment highlights Exicom's robust positioning in international markets and our commitment to expanding operational capabilities across diverse geographies. The comprehensive deal encompassing four key regions'?the UK, the Netherlands, the United States, and Australia'?amounts to USD 37 million," Nahata said.
Exicom has absorbed the entire workforce of 300 people at Tritium in the company.
"With the integration of Tritium's 300 talented individuals, Exicom will leverage synergies an

In July, electric vehicles sales in the country were nearly 28 per cent higher than in the previous month and the highest for a month in the current financial year, according to Vahan data from the Ministry of Road Transport and Highways. If you look

Nasdaq-listed Tritium designs and manufactures proprietary hardware and software to make DC fast chargers for electric vehicles

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

Quick commerce

Sankarlingam added that, globally, Zoom Phone amassed five customers with over 100,000 seats in Q1 FY25

Zoom

What really worked for us, I think, is that none of us came from the industry but we did realise that we will be running into insurmountable problems, she said

Vrinda Kapoor, chief executive officer of 3rdiTech

He spoke on IMAX's place in the global cinema ecosystem and its India plans

Richard Gelfond, New York-based CEO of IMAX

He talks about the opportunities in India amid an ongoing protein health revolution

Antoine De Saint-Affrique, Chief Executive Officer, French food major Danone SA

Coffee, and more specifically, specialty coffee, is pretty much at a tipping point, Nair said

Vinay Nair, vice president, Costa Coffee, India, and emerging markets

AstraZeneca Pharma India Managing Director and Country President, Sanjeev Panchal, talks to Shine Jacob about the company's future plans in an interview

Sanjeev Panchal, Country president & managing director, AstraZeneca  Pharma India

Kurek discusses Oriflame's commitment to the direct-selling model, its plans to expand its women-led sales force, and how India remains a priority market

Edyta Kurek, senior vice president of Oriflame India and Indonesia

India is expected to have a fair share of the €22-25 billion in investments the firm has planned over a three-year period between 2023 and 2025

Catherin Macgregor, Group CEO and board member, ENGIE

The 88-year-old designer, author of books like The Design of Everyday Things, Emotional Design, Design for a Better World was in India as advisor to BITS Design School, Mumbai, for a three-city tour

Don Norman

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