Indbank Merchant Banking Services standalone net profit rises 100.00% in the March 2022 quarter

Sales rise 30.46% to Rs 4.24 crore

Net profit of Indbank Merchant Banking Services rose 100.00% to Rs 1.18 crore in the quarter ended March 2022 as against Rs 0.59 crore during the previous quarter ended March 2021. Sales rose 30.46% to Rs 4.24 crore in the quarter ended March 2022 as against Rs 3.25 crore during the previous quarter ended March 2021.

For the full year,net profit rose 71.43% to Rs 6.96 crore in the year ended March 2022 as against Rs 4.06 crore during the previous year ended March 2021. Sales rose 46.79% to Rs 17.63 crore in the year ended March 2022 as against Rs 12.01 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales4.243.25 30 17.6312.01 47 OPM %32.5513.23 -19.06-7.16 - PBDT1.820.80 128 8.755.08 72 PBT1.770.75 136 8.554.89 75 NP1.180.59 100 6.964.06 71

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