The first quarter of the financial year 2024 has seen a total of 1020 stocks declaring their results. Out of these, 55% have reported positive results, showing a positive trend over the last four quarters. The proportion of positive results for the previous three quarters were 50%, 50%, and 48% respectively.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 60%, followed by mid cap companies at 59%, and small cap companies at 47%. Among the top performers in each category, Inox Wind from the renewable energy sector has shown outstanding results for large cap companies, while Netweb Technolog from the IT software sector has topped the mid cap category. For small cap companies, Asian Energy from the oil exploration/refineries sector has emerged as the top performer.

In the last 24 hours, 129 results have been declared, with R&B Denims being one of the top performers. This textile company has seen a significant improvement in its financial performance, with a score of 33 compared to 6 in the last three months. The company's PBT LESS OI(Q) has grown by 936.25%, PAT(Q) by 527.1%, and NET SALES(Q) by 74.59%. Additionally, R&B Denims has the highest operating profit to interest ratio and the highest net sales and PBT LESS OI among all the companies that have declared their results.

Looking ahead, investors can expect to see the results of Balkrishna Inds, NHPC Ltd, and Astral on 17 May 2024. These companies are expected to provide further insights into the current financial landscape. With the positive trend seen in the first quarter, it will be interesting to see if these companies can continue the trend and deliver strong financial results. Stay tuned for more updates on the latest financial results.