Positive Trend Continues as Majority of Companies Report Strong Q1 Results

May 05 2024 09:00 AM IST
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In the first quarter of the financial year 2024, 429 stocks have declared their results, with 59% reporting positive results. This is an improvement from the previous three quarters, where the proportion of positive results ranged from 48% to 50%. The positive trend was seen across all market capitalization categories, with Inox Wind, Netweb Technolog, and Asian Energy being the top performers in the large, mid, and small cap categories respectively. In the last 24 hours, C D S L has emerged as the top performer, with a significant improvement in its financial performance. Its net sales, PBT less OI, and PAT have reached their highest levels, indicating a bullish trend. Upcoming results from Gujarat Gas, Grindwell Norton, and CG Power & Indu are expected to provide further insights into the financial performance of the current quarter. Stay tuned for more updates on the first quarter results of 2024.
The first quarter of the financial year 2024 has seen a total of 429 stocks declaring their results. Out of these, 59% have reported positive results, showing a positive trend over the last four quarters. The proportion of positive results for the previous three quarters were 49%, 50%, and 48% respectively.

In terms of market capitalization, the positive results were seen in 59% of large cap companies, 62% of mid cap companies, and 55% of small cap companies. Among the top performers in each category, Inox Wind from the renewable energy sector stood out in the large cap category, Netweb Technolog from the IT-software sector in the mid cap category, and Asian Energy from the oil exploration/refineries sector in the small cap category.

In the last 24 hours, 7 results have been declared, with C D S L being the top performer. This finance/NBFC company has seen a significant improvement in its financial performance in the first quarter of 2024. The company's score has increased from 20 to 31 in the last 3 months, indicating a bullish trend.

C D S L's net sales have grown by 92.98% to reach Rs 240.78 crore, while PBT less OI has grown by 125.78% to Rs 141.81 crore and PAT has grown by 104.8% to Rs 129.26 crore. These are the highest figures for the company in the first quarter of 2024. Additionally, PBDIT, PBT less OI, PAT, and EPS have also reached their highest levels at Rs 147.89 crore, Rs 141.81 crore, Rs 129.26 crore, and Rs 12.37 respectively.

Investors can look forward to the upcoming results of Gujarat Gas, Grindwell Norton, and CG Power & Indu. on 06 May 2024. These companies are expected to provide further insights into the financial performance of the current quarter. Stay tuned for more updates on the financial results of the first quarter of 2024.

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