Indbank Merchant Banking Services Ltd Q2 FY2024 PAT up at Rs. 2.42 crore

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

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 6.0554 crores during the period ended September 30, 2023 as compared to Rs. 5.4260 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 2.4232 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 1.5159 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.55 for the period ended September 30, 2023 as compared to Rs. 0.34 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 6.0554 crs	₹5.4260 crs	11.60%
Net Profit	₹2.4232 crs	₹1.5159 crs	59.85%
EPS	₹0.55	₹0.34	61.76%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 6.0554 crores during the period ended September 30, 2023 as compared to Rs.4.3191 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.2.4232 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.1.9006 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.55 for the period ended September 30, 2023 as compared to Rs.0.43 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 6.0554 crs	₹4.3191 crs	40.20%
Net Profit	₹2.4232 crs	₹1.9006 crs	27.50%
EPS	₹0.55	₹0.43	27.91%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.11.4814 crores during the 6 Months period ended September 30, 2023 as compared to Rs.11.7086 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.3.9391 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.1.2127 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.89 for the 6 Months period ended September 30, 2023 as compared to Rs.0.27 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹11.4814 crs	₹11.7086 crs	-1.94%
Net Profit	₹3.9391 crs	₹1.2127 crs	224.82%
EPS	₹0.89	₹0.27	229.63%

Shares of Indbank Merchant Banking Services Limited was last trading in BSE at Rs. 35.06 as compared to the previous close of Rs. 33.64. The total number of shares traded during the day was 25608 in over 124 trades.

The stock hit an intraday high of Rs. 35.32 and intraday low of 33.05. The net turnover during the day was Rs. 885756.00.

Source : Equity Bulls

Keywords

IndbankMerchantBankingServices Q2FY24 H1FY24 ResultUpdate