Positive Trend Continues: 59% of Companies Report Positive Results in Q1 2024

May 03 2024 03:00 PM IST
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In the first quarter of the financial year 2024, 371 companies have declared their results, with 59% reporting positive results. The market cap wise distribution of positive results shows 60% for large cap, 60% for mid cap, and 55% for small cap companies. Netweb Technolog from the IT-software sector has shown outstanding financial performance in the mid cap category, while Motil.Oswal.Fin. and Dolat Algotech have emerged as top performers in the large and small cap categories, respectively. Netweb Technolog has seen a significant improvement in its financial performance, with a score of 33 compared to 25 in the last three months. Stay tuned for more updates on the latest financial results.
The first quarter of the financial year 2024 has seen a total of 371 companies declaring their results. Out of these, 59% have reported positive results, showing a positive trend over the last four quarters. The market cap wise distribution of positive results is as follows: 60% for large cap, 60% for mid cap, and 55% for small cap companies. In the large cap category, Motil.Oswal.Fin. from the finance/NBFC sector has reported the top results. For mid cap companies, Netweb Technolog from the IT-software sector has shown outstanding financial performance. In the small cap category, Dolat Algotech from the finance/NBFC sector has emerged as the top performer. Netweb Technolog, with a market cap of 10442.62, has turned sideways from mildly bullish on 02 May 2024 at Rs 1,765.40. The company has seen a significant improvement in its financial performance in the first quarter of 2024, with a score of 33 compared to 25 in the last three months. The company's net sales have grown by 82.9%, PBT less OI by 113.6%, and PAT by 109.0%. Net sales have reached a high of Rs 265.89 crore, while PBDIT and operating profit to net sales have also reached their highest at Rs 40.42 crore and 15.20%, respectively. The company's PBT less OI and PAT have also reached their highest at Rs 35.86 crore and Rs 29.66 crore, respectively. The EPS has also shown a significant increase, reaching its highest at Rs 5.26. In the upcoming results, IDBI Bank, Kansai Nerolac, and Kotak Mahindra Bank are expected to declare their results on 04 May 2024. Investors and analysts are eagerly waiting to see how these companies have performed in the first quarter of the financial year. Stay tuned for more updates on the latest financial results.

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