Positive Growth and Top Performers: A Look at Q2 2024 Financial Results
The financial results for the Jun-2024 quarter have been announced, with 583 companies reporting their performance. The trend over the last four quarters has shown a positive growth, with large cap companies leading the way. Multi Comm. Exc. from the finance/NBFC sector, Network People from the IT - Software sector, and Lotus Chocolate from the FMCG sector have emerged as top performers in their respective categories. In the last 24 hours, Zen Technologies has shown significant improvement in its financial performance, with the highest net sales, PBDIT, PBT less OI, PAT, and EPS for the quarter. With Jindal Stain, Castrol India, and Indus Towers set to announce their results, the overall financial results for the current quarter seem promising.
The current quarter financial results have been declared, with a total of 583 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters has shown a positive growth, with 53.0% of companies reporting positive results for the Jun-2024 quarter, followed by 50.0% for Mar-2024, 49.0% for Dec-2023, and 50.0% for Sep-2023.In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 60.0%, followed by mid cap at 50.0%, and small cap at 48.0%. Among the top performers in each category, Multi Comm. Exc. from the finance/NBFC sector has emerged as the top result for large cap companies, while Network People from the IT - Software sector has shown outstanding performance for mid cap companies. For small cap companies, Lotus Chocolate from the FMCG sector has reported the highest results.
In the last 24 hours, six companies have declared their results, with Zen Technologies being the top performer. This IT - Software company has seen a significant improvement in its financial performance, with a score of 33 from 20 in the last three months. The company's net sales have grown by 131.5%, PBT less OI by 153.9%, and PAT by 143.6% for the Jun-2024 quarter. Additionally, Zen Technologies has reported the highest net sales, PBDIT, PBT less OI, PAT, and EPS for the quarter.
Looking ahead, Jindal Stain, Castrol India, and Indus Towers are set to announce their results on 30 Jul 24. Investors and analysts are eagerly waiting to see how these companies have performed in the current quarter. With the positive trend in the last four quarters and the outstanding performance of companies like Zen Technologies, the overall financial results for the current quarter seem promising.
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