Indbank Merchant Banking Services Ltd posts PAT of Rs. 1.51 crore in Q1FY24

Indbank Merchant Banking Services Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 5.4260 crores during the period ended June 30, 2023 as compared to Rs. 4.2321 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.5159 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.5414 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.34 for the period ended June 30, 2023 as compared to Rs. 0.12 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 5.4260 crs	₹4.2321 crs	28.21%
Net Profit	₹1.5159 crs	₹0.5414 crs	180.00%
EPS	₹0.34	₹0.12	183.33%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 5.4260 crores during the period ended June 30, 2023 as compared to Rs.6.6211 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.5159 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-0.6879 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.34 for the period ended June 30, 2023 as compared to Rs.-0.16 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 5.4260 crs	₹6.6211 crs	-18.05%
Net Profit	₹1.5159 crs	₹-0.6879 crs	320.37%
EPS	₹0.34	₹-0.16	312.50%

Shares of Indbank Merchant Banking Services Limited was last trading in BSE at Rs. 27.57 as compared to the previous close of Rs. 26.61. The total number of shares traded during the day was 36338 in over 352 trades.

The stock hit an intraday high of Rs. 27.93 and intraday low of 26.25. The net turnover during the day was Rs. 991437.00.

Source : Equity Bulls

Keywords

IndbankMerchantBankingServices Q1FY24 ResultUpdate