Curtain Raiser: Q3FY24 Performance Review

With 3,431 companies yet to announce their results, a comprehensive evaluation of the entire sector performance awaits completion. Nonetheless, the article analyses the results of various sectors which have been announced till date

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The equity market plays to the tune of a company’s results and earnings. The sudden drop that we saw in the benchmark equity indices last fortnight is a testament to it. HDFC Bank posted a worse-than-expected result, leading to a big tumble effect in the market. Nevertheless, in the Q3FY24 earning season, across various sectors, the overall financial landscape reflects positive growth trends. The aggregated data showcases a robust year-on-year (YoY) performance, with significant increases in various financial metrics.

The revenue of a total of 156 companies that have declared their results so far shows a substantial 18.15 per cent YoY growth, indicating a strong top-line expansion for the reporting companies. The net profit and operating profit have experienced even more impressive growth rates, with YoY increases of 35.75 per cent and 26.02 per cent, respectively, highlighting the efficiency and profitability across various sectors.