Q1 Financial Results: Positive Growth and Top Performers Revealed
The first quarter of the financial year 2024 has seen positive growth in the performance of companies, with 51% reporting positive results. Large cap companies have shown the highest proportion of positive results, followed by mid cap and small cap companies. Tata Motors, Inox Wind, and Asian Energy have emerged as top performers in their respective categories. Williamson Fin has recently declared its results, showing a positive trend and improvement in score. Upcoming results from Vadilal Inds., G M Breweries, and HCL Technologies will provide further insight into the performance of companies in the March quarter. Stay tuned for more updates.
The first quarter of the financial year 2024 has come to an end and the results are in. A total of 3724 stocks have declared their financial results for the March quarter, giving us a glimpse into the performance of various companies. The trend over the last four quarters shows a positive growth with 51% of companies reporting positive results in the March quarter, followed by 49% in December 2023, 50% in September 2023, and 48% in June 2023.In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 57%, followed by mid cap companies at 52% and small cap companies at 47%. Among the top performers in the large cap category is Tata Motors in the auto sector, while Inox Wind in the renewable energy sector and Asian Energy in the oil exploration/refineries sector have emerged as the top performers in the mid cap and small cap categories respectively.
In the last 24 hours, one company has declared its results and it is none other than Williamson Fin. The company has shown a positive trend, turning mildly bullish from sideways on 26th June 2024 at Rs 7.38. The financial performance for the March quarter has been flat, but there has been an improvement in the score from 0 to 5 in the last 3 months. The company's PAT(Q) stands at the highest at Rs 0.66 crore and EPS(Q) at Rs 0.79.
Looking ahead, there are some upcoming results to watch out for. Vadilal Inds. is set to declare its results on 2nd July 2024, followed by G M Breweries on 9th July 2024 and HCL Technologies on 12th July 2024. It will be interesting to see how these companies have performed in the March quarter and what lies ahead for them in the coming months. Stay tuned for more updates on the financial results of the current quarter.
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