Quarterly Financial Results: Positive Growth and Top Performers Revealed
The latest financial results for the current quarter have been announced, with 698 stocks reporting their performance. The trend over the last four quarters has shown positive growth, with 58.0% of companies reporting positive results for the current quarter. Large and mid cap companies have shown similar proportions of positive results, while small cap companies have reported slightly lower percentages. Top performers include Punjab National Bank, Waaree Renewables, and Asian Energy. In the last 24 hours, 91 results have been declared, with Cochin Shipyard emerging as the top performer. The company's financial performance has significantly improved, with high scores in various categories. Upcoming results from Adani Enterprises, Titan Company, and Indian Hotels Company are expected to provide valuable insights for investors.
The latest financial results for the current quarter have been declared, with a total of 698 stocks announcing their performance for the period of December 2023. The trend over the last four quarters has shown a positive growth, with 58.0% of companies reporting positive results for the current quarter, followed by 50.0% in September 2023, 47.0% in June 2023, and 48.0% in March 2023.In terms of market capitalization, the large cap and mid cap companies have shown a similar proportion of positive results at 63.0%, while the small cap companies have reported a slightly lower percentage at 50.0%.
Among the top results for large cap companies, Punjab National Bank from the public banks sector has emerged as the top performer. In the mid cap category, Waaree Renewables from the electric equipment sector has shown outstanding results. For small cap companies, Asian Energy from the oil exploration/refineries sector has reported the highest performance.
Overall, the top results have been dominated by small cap companies, with SG Finserve from the finance/NBFC sector and Asian Energy from the oil exploration/refineries sector being the top performers. In the micro cap category, Vintage Coffee from the miscellaneous sector has also shown impressive results.
In the last 24 hours, 91 results have been declared, with Cochin Shipyard emerging as the top performer. The company, which operates in the ship building industry, has seen a significant improvement in its financial performance, with a score of 31 compared to 16 in the last 3 months. The company's PBT LESS OI(Q) has grown by 140.75%, while its PAT(Q) has grown by 121.4%. The company's net sales for the quarter have also shown a growth of 64.64%, with the highest net sales recorded at Rs 1,056.40 crore. Cochin Shipyard has also reported the highest PBDIT(Q) at Rs 310.10 crore and the highest operating profit to net sales(Q) at 29.35%. Its PBT LESS OI(Q) and PAT(Q) have also been the highest at Rs 282.33 crore and Rs 244.38 crore respectively. The company's EPS(Q) has also shown a significant growth, reaching Rs 9.29, while its debtors turnover ratio(HY) has been the highest at 8.47 times.
Investors can look forward to upcoming results from Adani Enterprises, Titan Company, and Indian Hotels Company on 1st February 2024. These companies are expected to announce their financial performance for the current quarter, providing valuable insights for investors.
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