Stock Report

Indbank Merchant Banking Services Ltd Q3 FY24 net profit at Rs. 2.55 crore

Posted On : 2024-01-22 22:25:47( TIMEZONE : IST )

Indbank Merchant Banking Services Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 6.6019 crores during the period ended December 31, 2023 as compared to Rs. 6.0554 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 2.5594 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 2.4232 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 0.58 for the period ended December 31, 2023 as compared to Rs. 0.55 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 6.6019 crs	₹6.0554 crs	9.03%
Net Profit	₹2.5594 crs	₹2.4232 crs	5.62%
EPS	₹0.58	₹0.55	5.45%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 6.6019 crores during the period ended December 31, 2023 as compared to Rs.5.4101 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.2.5594 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.1.7478 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.0.58 for the period ended December 31, 2023 as compared to Rs.0.39 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 6.6019 crs	₹5.4101 crs	22.03%
Net Profit	₹2.5594 crs	₹1.7478 crs	46.44%
EPS	₹0.58	₹0.39	48.72%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.18.0833 crores during the 9 Months period ended December 31, 2023 as compared to Rs.17.1187 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.6.4985 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.2.9605 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.1.46 for the 9 Months period ended December 31, 2023 as compared to Rs.0.67 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹18.0833 crs	₹17.1187 crs	5.63%
Net Profit	₹6.4985 crs	₹2.9605 crs	119.51%
EPS	₹1.46	₹0.67	117.91%

Shares of Indbank Merchant Banking Services Limited was last trading in BSE at Rs. 43.64 as compared to the previous close of Rs. 42.03. The total number of shares traded during the day was 28100 in over 607 trades.

The stock hit an intraday high of Rs. 44.69 and intraday low of 41.60. The net turnover during the day was Rs. 1218450.00.