Quarterly Financial Results Show Positive Growth for Majority of Companies
The latest financial results for the current quarter have been announced, with 223 stocks reporting their performance for December 2023. The trend over the last four quarters has shown positive growth, with 60% of companies reporting positive results for the current quarter. Large cap companies have shown the highest proportion of positive results at 63%, followed by mid cap at 57% and small cap at 59%. Top performers include J K Cements in the cement sector, Jindal Saw in the iron and steel sector, and SG Finserve in the finance/NBFC sector. SG Finserve has seen a significant improvement in its financial performance, with the highest net sales, PBDIT, PBT less OI, PAT, and EPS for the quarter. Other upcoming results to look out for include Brightcom Group, Coforge, and MRPL. With the positive trend in the current quarter's financial results, investors can anticipate a promising year ahead.
The latest financial results for the current quarter have been declared, with a total of 223 stocks announcing their performance for the period of December 2023. The trend over the last four quarters has shown a positive growth, with 60% 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 63%, followed by mid cap at 57% and small cap at 59%. Among the top performers in the large cap category is J K Cements in the cement sector, while Jindal Saw in the iron and steel sector has emerged as the top performer in the mid cap category. In the small cap category, SG Finserve in the finance/NBFC sector has shown outstanding financial performance for the quarter.
SG Finserve, with a market cap of 2902, has turned mildly bearish from bearish on 9th January 2024 at Rs 508.95. The company has seen a significant improvement in its financial performance, with its score increasing from 32 to 40 in the last 3 months. The company's net sales for the quarter have grown by 321.37%, PBT less OI by 358.64%, and PAT by 369.6%. SG Finserve has also recorded the highest net sales, PBDIT, PBT less OI, PAT, and EPS for the quarter.
In the last 24 hours, 57 results have been declared, with SG Finserve emerging as the top performer. Other upcoming results to look out for include Brightcom Group on 21st January 2024, Coforge on 22nd January 2024, and MRPL on 22nd January 2024. With the positive trend in the current quarter's financial results, investors can look forward to a promising year ahead.
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