Indbank Merchant Banking Services standalone net profit rises 362.96% in the March 2024 quarter

Sales rise 62.56% to Rs 6.86 crore

Net profit of Indbank Merchant Banking Services rose 362.96% to Rs 2.50 crore in the quarter ended March 2024 as against Rs 0.54 crore during the previous quarter ended March 2023. Sales rose 62.56% to Rs 6.86 crore in the quarter ended March 2024 as against Rs 4.22 crore during the previous quarter ended March 2023.

For the full year,net profit rose 157.14% to Rs 9.00 crore in the year ended March 2024 as against Rs 3.50 crore during the previous year ended March 2023. Sales rose 36.32% to Rs 24.92 crore in the year ended March 2024 as against Rs 18.28 crore during the previous year ended March 2023.

Particulars	Quarter Ended			Year Ended
?	Mar. 2024	Mar. 2023	% Var.	Mar. 2024	Mar. 2023	% Var.
Sales	6.86	4.22	63	24.92	18.28	36
OPM %	48.25	27.73	-	48.48	34.46	-
PBDT	3.30	1.13	192	12.03	5.45	121
PBT	3.21	1.04	209	11.65	5.08	129
NP	2.50	0.54	363	9.00	3.50	157

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