Quarterly Financial Results Show Positive Growth Across Industries
The Jun-2024 quarter has seen a positive trend in financial results, with 54.0% of companies reporting positive results. Large cap companies have shown the highest proportion of positive results, with Nippon Life Ind. in the finance/NBFC sector emerging as a top performer. In the mid cap and small cap categories, Shakti Pumps and Lotus Chocolate have shown strong performance. In the last 24 hours, PG Electroplast has seen a significant improvement in its financial performance, with its net sales, PBT less OI, and PAT reaching their highest levels. Upcoming results from IndusInd Bank, Shriram Finance, and Pun. & Sind Bank are expected to continue this positive trend.
The current quarter financial results have been declared, with a total of 394 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters shows a positive growth, with 54.0% of companies reporting positive results for the Jun-2024 quarter, followed by 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 60.0%, followed by small cap at 53.0% and mid cap at 49.0%. Among the top performers in the large cap category is Nippon Life Ind. in the finance/NBFC sector, while Shakti Pumps in the compressors/pumps sector and Lotus Chocolate in the FMCG sector have emerged as the top performers in the mid cap and small cap categories, respectively.
In the last 24 hours, 63 results have been declared, with PG Electroplast being one of the top performers. The company, which operates in the consumer electronics industry, has seen a significant improvement in its financial performance for the Jun-2024 quarter. Its score has increased from 26 to 29, turning from mildly bullish to bullish on 30 May 2024 at Rs 253.98.
The company's net sales for the quarter have grown by 94.90% to reach Rs 1,320.68 crore, while its PBT less OI has increased by 136.78% to Rs 97.22 crore and its PAT has grown by 147.6% to Rs 83.70 crore. These are the highest figures for the company in the last quarter. Additionally, its PBDIT, PBT less OI, and PAT have also reached their highest levels at Rs 130.62 crore, Rs 97.22 crore, and Rs 83.70 crore, respectively.
Investors can look forward to upcoming results from IndusInd Bank, Shriram Finance, and Pun. & Sind Bank on 26 Jul 24. These results will provide further insights into the financial performance of these companies and their respective industries. With the positive trend in the current quarter's results, it is expected that these companies will also report strong numbers. Stay tuned for more updates on the financial performance of these companies.
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