The financial results for the current quarter have been declared, with a total of 645 stocks announcing their performance for the period of September 2024. The trend over the last four quarters has shown a positive growth, with 52.0% of companies reporting positive results in September 2024, followed by 49.0% in June 2024, 51.0% in March 2024, and 50.0% in December 2023.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 57.0%, followed by mid cap at 51.0% and small cap at 47.0%. Among the top performers in each category, Inox Wind in the renewable energy sector has emerged as the top result for large cap companies, while T R I L in the capital goods sector has shown outstanding performance for mid cap companies. For small cap companies, Arvind SmartSp. in the real estate sector has reported the top results.

In the last 24 hours, a total of 153 results have been declared, with Inox Wind being the top performer. The company has shown a size of 26467.02 and operates in the renewable energy industry. Inox Wind has recently turned mildly bullish from bullish on October 16, 2024, at Rs 219.60. The company has seen an outstanding financial performance in the quarter of September 2024, with a score improvement from 39 to 49 in the last three months.

The financials for September 2024 have shown significant growth for Inox Wind. The net sales have grown by 97.56% to Rs 732.24 crore, while the operating profit to interest ratio has reached the highest at 3.91 times. The profit before tax less other income has also shown a growth of 290.40% to Rs 84.33 crore, and the profit after tax has grown by 450.5% to Rs 92.91 crore. The company has also reported the highest net sales and PBDIT at Rs 732.24 crore and Rs 172.93 crore, respectively. The operating profit to net sales ratio has also reached the highest at 23.62%. In terms of turnover ratios, Inox Wind has shown the highest inventory turnover ratio at 1.65 times and debtors turnover ratio at 1.62 times. The company has also reported the highest cash and cash equivalents at Rs 531.88 crore.

Looking ahead, the upcoming results for the next few days include Rainbow Child. on October 27, 2024, Suzlon Energy on October 28, 2024, and Gillette India on October 28, 2024. With the current quarter financial results showing positive growth and top performers like Inox Wind, the market is expected to continue its upward trend in the coming months.