Quarterly Financial Results: Positive Growth Seen in Majority of Companies

May 06 2024 03:00 PM IST
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The Mar-2024 quarter financial results have been announced, with 431 stocks reporting. The trend over the last four quarters has shown positive growth, with 59.0% of companies reporting positive results. In terms of market capitalization, large cap, mid cap, and small cap companies all showed positive results. The top performers were Motilal Oswal Financial Services Ltd., Inox Wind, and Asian Energy. Arvind Ltd. showed a bullish trend and strong financial performance, with impressive growth in various indicators. Upcoming results for May 7, 2024, include Voltas, Indraprastha Gas, and United Breweries.
The current quarter financial results have been declared, with a total of 431 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters has shown a positive growth, with 59.0% of companies reporting positive results for the Mar-2024 quarter, followed by 49.0% for Dec-2023, 50.0% for Sep-2023, and 48.0% for Jun-2023.

In terms of market capitalization, the positive results were seen in 58.0% of large cap companies, 63.0% of mid cap companies, and 54.0% of small cap companies. The top performers in each category were Motilal Oswal Financial Services Ltd. in the large cap sector, Inox Wind in the mid cap sector, and Asian Energy in the small cap sector.

However, the top overall performer was Asian Energy, with a strong financial performance in the oil exploration and refineries sector. In the mid cap category, Inox Wind, a renewable energy company, showed impressive results. In the small cap category, Dolat Algotech, a finance and NBFC company, also reported positive results.

In the last 24 hours, one company has declared its results, with Arvind Ltd. showing a bullish trend and turning from mildly bullish to bullish on May 3, 2024, with a stock price of Rs 333.95. The company has seen a positive financial performance in the Mar-2024 quarter, with a score improvement from 8 to 9 in the last 3 months.

Arvind Ltd. has shown strong growth in various financial indicators, including PBT LESS OI(Q) at Rs 130.39 crore, which has grown by 40.4%, and NET SALES(Q) at Rs 2,074.51 crore, which is the highest in the quarter. The company's PBDIT(Q) and OPERATING PROFIT TO NET SALES(Q) have also shown impressive growth, with the latter being the highest at 11.71%. The company's PAT(Q) has also seen a significant increase at Rs 99.03 crore, with a growth of 23.5%. The EPS(Q) for Arvind Ltd. is also the highest at Rs 3.79.

Upcoming results for May 7, 2024, include Voltas, Indraprastha Gas, and United Breweries. Investors and analysts will be eagerly awaiting these results to see the financial performance of these companies in the current quarter.

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