Positive Growth Trend in Q2 Financial Results: Top Performers Revealed
The latest financial results for the Jun-2024 quarter have been announced, with 933 stocks reporting their performance. The trend over the last four quarters has shown positive growth, with large cap companies leading the way. Among the top performers are GE T&D India, Network People, and Lotus Chocolate. In the last 24 hours, Zomato Ltd. has emerged as the top performer with impressive growth in key areas such as PBT LESS OI(Q), PAT(Q), and NET SALES(Q). Upcoming results from companies like St Bk of India, Bank Of India, and Divi's Lab. on 03 Aug 24 will provide further insights into their financial performance.
The current quarter financial results have been declared, with a total of 933 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters has shown a positive growth, with 52.0% of companies reporting positive results in the Jun-2024 quarter, followed by 50.0% in Mar-2024, 49.0% in Dec-2023, and 49.0% in Sep-2023.In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 58.0%, followed by mid cap and small cap companies at 49.0% each. Among the top performers in the large cap category is GE T&D India in the Capital Goods sector. In the mid cap category, Network People in the IT - Software sector has shown outstanding results, while Lotus Chocolate in the FMCG sector has emerged as the top performer in the small cap category.
The overall top performers include Lotus Chocolate in the small cap category, Network People in the mid cap category, and Bombay Oxygen in the micro cap category in the Industrial Gases & Fuels sector.
In the last 24 hours, 78 results have been declared, with Zomato Ltd. emerging as the top performer. The company, which operates in the IT - Software industry, has seen a significant improvement in its financial performance for the Jun-2024 quarter. Its score has increased from 32 to 34 in the last 3 months, with impressive growth in key areas such as PBT LESS OI(Q), PAT(Q), NET SALES(Q), PBDIT(Q), and OPERATING PROFIT TO NET SALES(Q).
Some of the highlights of Zomato Ltd.'s financial performance include a 102.2% growth in PBT LESS OI(Q), 188.3% growth in PAT(Q), and the highest NET SALES(Q) and PBDIT(Q) at Rs 4,206.00 cr and Rs 177.00 cr respectively. The company has also shown the highest OPERATING PROFIT TO NET SALES(Q) at 4.21%, and the highest INVENTORY TURNOVER RATIO(HY) at 137.66 times. Its EPS(Q) has also seen a significant increase, reaching the highest at Rs 0.29.
Investors can look forward to upcoming results from companies such as St Bk of India, Bank Of India, and Divi's Lab. on 03 Aug 24. These results will provide further insights into the financial performance of these companies and their respective industries.
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