Quarterly Financial Results: Positive Trend for Top Performers in Various Sectors

Sep 10 2024 09:00 PM IST
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The financial results for the Jun-2024 quarter have been announced, with 3768 stocks reporting. The trend over the last four quarters has been positive, with 48.0% of companies reporting positive results in Jun-2024. Large cap companies have shown the highest proportion of positive results at 56.0%, followed by mid cap at 47.0% and small cap at 45.0%. Inox Wind, Shakti Pumps, and Blue Cloud Soft. have emerged as top performers in their respective categories. Nova Iron & Steel has seen a positive shift in its financial performance, with growth in PBT LESS OI(Q) and PAT(Q). Upcoming results to watch out for include Interarch Build., Orient, and Nagarjuna Fert.
The current quarter financial results have been declared, with a total of 3768 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters has been relatively positive, with a proportion of positive results at 48.0% for Jun-2024, 50.0% for Mar-2024, 49.0% for Dec-2023, and 50.0% for Sep-2023.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 56.0%, followed by mid cap at 47.0% and small cap at 45.0%. Among the top results for each category, Inox Wind in the renewable energy sector has emerged as the top performer for large cap companies, while Shakti Pumps in the compressors/pumps sector has shown strong results for mid cap companies. For small cap companies, Blue Cloud Soft. in the IT software sector has delivered impressive results.

Overall, the top results have been declared by Frontier Springs in the auto ancillary sector for micro cap companies, Shakti Pumps for mid cap companies, and Blue Cloud Soft. for small cap companies.

In the last 24 hours, only one result has been declared, with Nova Iron &Steel emerging as the top performer. The company has seen a positive shift from mildly bearish to mildly bullish, with a score improvement from -4 to -3 in the last three months. The company's financial performance for the Jun-2024 quarter has been flat, but there are some positive indicators. PBT LESS OI(Q) has grown by 153.4%, PAT(Q) has grown by 1200.8%, and the operating profit to interest ratio is the highest at 3.88 times. PBDIT(Q) and operating profit to net sales(Q) are also at their highest levels, at Rs 13.83 cr and 11.06%, respectively. PBT LESS OI(Q) and PAT(Q) are also at their highest levels, at Rs 5.50 cr and Rs 6.55 cr, respectively. The EPS(Q) is also at its highest at Rs 1.24.

Upcoming results to look out for include Interarch Build. on 12 Sep 24, Orient on 13 Sep 24, and Nagarjuna Fert. on 16 Sep 24. Stay tuned for more updates on the financial performance of these companies.

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