69 Stocks Report Positive Growth in Mar-2024 Quarter, Mid-Cap Companies Lead the Way

Apr 21 2024 03:00 PM IST
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The Mar-2024 quarter financial results have been announced, with 63.0% of companies reporting positive results. Mid-cap companies have shown the highest proportion of positive results at 78.0%, followed by large-cap companies at 60.0% and small-cap companies at 54.0%. Among the top performers, ICICI Securities, SG Mart, and Eimco Elecon(I) have reported the highest positive results in their respective categories. In the last 24 hours, 6 companies have declared their results, with Sterling & Wils. being one of the top performers. The company's net sales and PAT have shown significant growth, with a high operating profit to interest ratio. Upcoming results from Hatsun Agro, Reliance Industries, and Rallis India are highly anticipated.
The current quarter financial results have been declared, with a total of 69 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters has shown a positive growth, with 63.0% of companies reporting positive results for the Mar-2024 quarter, followed by 49.0% for Dec-2023, 50.0% for Sep-2023, and 48.0% for Jun-2023. In terms of market capitalization, the mid-cap companies have shown the highest proportion of positive results at 78.0%, followed by large-cap companies at 60.0% and small-cap companies at 54.0%. Among the top performers in each category, ICICI Securities from the finance/NBFC sector has emerged as the top result for large-cap companies, while SG Mart from the textile sector has shown the best performance among mid-cap companies. For small-cap companies, Eimco Elecon(I) from the engineering-industrial equipment sector has reported the highest positive results. In the last 24 hours, 6 companies have declared their results, with Sterling & Wils. being one of the top performers. The company, with a market cap of 13083.82, has turned mildly bullish from bullish on 18 Mar 2024 at Rs 484.90. The financial performance for the Mar 2024 quarter has been very positive, with a score improvement from 4 to 20 in the last 3 months. The company's net sales for the quarter have grown by 142.2% at Rs 1,178.01 crore, while the PAT has shown a growth of 100.9% at Rs 1.44 crore. The operating profit to interest ratio has been the highest at 1.20 times, while the net sales and PBDIT have also shown the highest figures at Rs 1,178.01 crore and Rs 29.35 crore respectively. The operating profit to net sales ratio has been the highest at 2.49%, followed by PBT less OI at Rs 0.35 crore and PAT at Rs 1.44 crore. The EPS for the quarter has also been the highest at Rs 0.06. Looking ahead, Hatsun Agro, Reliance Industries, and Rallis India are set to announce their results on 22 Apr 24. With the positive trend seen in the current quarter, investors are eagerly waiting to see the financial performance of these companies. Stay tuned for more updates on the upcoming results.

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