Quarterly Financial Results Show Positive Growth for Majority of Companies

Feb 03 2024 09:00 AM IST
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The latest financial results for the current quarter have been announced, with 1014 stocks reporting their performance for December 2023. The trend over the last four quarters has shown positive growth, with 55% of companies reporting positive results. Large cap companies have shown the highest proportion of positive results at 64%, followed by mid cap companies at 56%, and small cap companies at 46%. Top performers include Punjab National Bank, Swan Energy, and SG Finserve. In the last 24 hours, Rategain Travel emerged as the top performer with significant improvement in its financial performance. Upcoming results from Tata Chemicals, Linde India, and Bharti Airtel on 5th February 2024 are highly anticipated.
The latest financial results for the current quarter have been declared, with a total of 1014 stocks announcing their performance for the period of December 2023. The trend over the last four quarters has shown a positive growth, with 55% of companies reporting positive results for the current quarter, followed by 50% in September 2023, 47% in June 2023, and 48% in March 2023.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 64%, followed by mid cap companies at 56%, and small cap companies at 46%. Among the top performers in each category, Punjab National Bank from the public banks sector has emerged as the top result for large cap companies, while Swan Energy from the textile sector has shown outstanding performance for mid cap companies. For small cap companies, SG Finserve from the finance/NBFC sector has reported the highest results.

In the last 24 hours, 128 results have been declared, with Rategain Travel emerging as the top performer. This IT software company has seen a significant improvement in its financial performance, with a score of 33 in the current quarter compared to 32 in the previous quarter. The company's net sales have reached a high of Rs 252.02 crore, while its PBDIT stands at Rs 51.27 crore, and operating profit to net sales at 20.34%. Its PBT less OI has grown by 69.8% to Rs 41.15 crore, while its PAT has shown a growth of 58.6% at Rs 40.42 crore. The company's EPS has also reached a high of Rs 3.43.

Investors can look forward to upcoming results from Tata Chemicals, Linde India, and Bharti Airtel on 5th February 2024. With a positive trend in the current quarter's financial results, it will be interesting to see how these companies perform and contribute to the overall market performance.

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