Positive Trend Continues: 53% of Companies Report Positive Q2 Results in 2024
The third quarter of the financial year 2024 has seen a total of 519 companies declaring their results. Out of these, 53% have reported positive results, showing a slight increase from the previous quarter’s 49%. The positive trend has been consistent over the last four quarters, with the proportion of positive results being 51% in March 2024 and 50% in December 2023.
In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 60%, followed by mid cap companies at 48% and small cap companies at 46%. Among the top performers in the large cap category is Multi Comm. Exc. from the finance/NBFC sector. In the mid cap category, T R I L from the capital goods sector has shown outstanding results, while Prime Securities from the finance/NBFC sector has emerged as the top performer in the small cap category.
Overall, the top three companies with the best results are T R I L from the mid cap category, Multi Comm. Exc. from the large cap category, and E2E Networks from the IT – Hardware sector. In the last 24 hours, 154 results have been declared, with Arvind SmartSp. being one of the top performers.
Arvind SmartSp., a construction and real estate company, has shown a significant improvement in its financial performance in the third quarter of 2024. The company’s score has improved from -5 to 35 in the last three months, indicating a bullish trend. The company’s net sales have grown by 265.46%, PBT less OI has grown by 352.86%, and PAT has grown by 370.9%. Arvind SmartSp. has also shown the highest operating profit to interest ratio at 14.50 times, along with the highest net sales, PBDIT, PBT less OI, PAT, and EPS.
Investors can look forward to the upcoming results of J K Cements, Yes Bank, and ICICI Bank on 26th October 2024. These results will provide further insights into the financial performance of these companies and their impact on the market. Stay tuned for more updates on the current quarter’s financial results.
