31 Stocks Declare Q2 Financial Results: Mixed Trends Across Large, Mid, and Small Cap Companies

Jul 12 2024 03:00 PM IST
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The latest financial results for 31 stocks have been released, showing a mixed trend over the last four quarters. 40% of the results for the Jun-2024 quarter were positive, followed by 50% for the Mar-2024 quarter, 49% for the Dec-2023 quarter, and 50% for the Sep-2023 quarter. Large and mid cap companies had an equal proportion of positive results, while small cap companies had slightly lower results. TCS and Anand Rathi Wealth Management were top performers in their respective categories, while micro cap companies like PMC Fincorp and Wealth First Por showed exceptional financial performance. Upcoming results from Avenue Supermarts, Geojit Financial Services, and Bhansali Engineering on 13th July 2024 will be closely watched to see their impact on the overall market.
The current quarter financial results have been declared by 31 stocks, with a mixed trend seen over the last four quarters. Out of these, 40% of the results for the Jun-2024 quarter have been positive, followed by 50% for the Mar-2024 quarter, 49% for the Dec-2023 quarter, and 50% for the Sep-2023 quarter.

In terms of market capitalization, the positive results have been evenly distributed among large cap and mid cap companies, with 50% each. However, small cap companies have seen a slightly lower proportion of positive results at 37%.

Among the top results for large cap companies, TCS from the IT-Software sector has emerged as the leader. For mid cap companies, Anand Rathi Wealth Management from the Finance/NBFC sector has shown strong financial performance. In the small cap category, SG Finserve from the Finance/NBFC sector has stood out.

But the top overall results have been declared by micro cap companies, with PMC Fincorp and Wealth First Por from the Finance/NBFC sector showing exceptional financial performance. In fact, Wealth First Por has seen a significant improvement in its score, from 27 to 32, in the last three months.

Wealth First Por has reported a net sales growth of 84.70% at Rs 20.65 crore, along with a PBT less OI growth of 109.87% at Rs 17.86 crore and a PAT growth of 65.8% at Rs 14.01 crore. Its net sales and PBDIT have also reached their highest levels at Rs 20.65 crore and Rs 17.95 crore respectively. The company has also achieved the highest operating profit to net sales ratio at 86.92%. These strong financials have resulted in the highest PBT less OI, PAT, and EPS at Rs 17.86 crore, Rs 14.01 crore, and Rs 13.14 respectively.

Investors can look forward to upcoming results from Avenue Supermarts, Geojit Financial Services, and Bhansali Engineering on 13th July 2024. With the current quarter results showing a mix of positive and negative trends, it will be interesting to see how these companies perform and impact the overall financial market.

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