Positive trend in financial results as 59 stocks declare Q1 performance
The financial results for the Mar-2024 quarter have been announced, with 59 stocks reporting their performance. The trend over the last four quarters has been positive, with the current quarter showing the highest proportion of positive results at 58.0%. Large cap companies saw a positive trend in 54.0% of cases, while mid cap and small cap companies showed positive results in 75.0% and 50.0% of cases respectively. Among the top performers, ICICI Securities, SG Mart, and Eimco Elecon(I) stood out in their respective categories. ICICI Securities, with a market cap of 22985.81, showed significant improvement in its financial performance, with a score of 34 compared to 24 in the last 3 months. The company's net sales, PBDIT(Q), and PBT LESS OI(Q) were the highest in the industry, while its operating profit to net sales(Q) ratio and EPS(Q) were also the highest among its peers. Upcoming results of HDFC Bank, Sterling & Wils., and Alok Industries on 20 Apr 24 will be closely watched to see if the positive trend continues.
The financial results for the current quarter have been declared, with a total of 59 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters shows a positive proportion of results, with Mar-2024 at 58.0%, Dec-2023 at 49.0%, Sep-2023 at 50.0%, and Jun-2023 at 48.0%.In terms of market capitalization, the positive results were seen in 54.0% of large cap companies, 75.0% of mid cap companies, and 50.0% of small cap companies. Among the top results, ICICI Securities in the finance/NBFC sector emerged as the top performer in the large cap category. In the mid cap category, SG Mart in the textile sector showed strong results, while Eimco Elecon(I) in the engineering - industrial equipment sector stood out in the small cap category.
Out of the 29 results declared in the last 24 hours, the top performer was ICICI Securities, with a market cap of 22985.81. The company has seen a significant improvement in its financial performance for the Mar-2024 quarter, with a score of 34 compared to 24 in the last 3 months. This improvement can be attributed to the growth in PBT LESS OI(Q) at Rs 718.63 cr, which has increased by 103.72%, and PAT(Q) at Rs 536.53 cr, which has grown by 104.3%. The company also recorded the highest net sales of Rs 1,543.17 cr, with a growth of 74.41%. Additionally, its PBDIT(Q) and PBT LESS OI(Q) stood at Rs 1,078.96 cr and Rs 718.63 cr respectively, both being the highest in the industry. The operating profit to net sales(Q) ratio was also the highest at 69.92%, while the EPS(Q) stood at Rs 16.59, the highest among its peers.
Investors can look forward to the upcoming results of HDFC Bank, Sterling & Wils., and Alok Industries on 20 Apr 24. With the positive trend seen in the current quarter's results, it will be interesting to see how these companies perform and if they can maintain the upward trend.
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