Indbank Merchant Banking Services standalone net profit rises 247.06% in the March 2021 quarter

Sales rise 36.55% to Rs 3.25 crore

Net profit of Indbank Merchant Banking Services rose 247.06% to Rs 0.59 crore in the quarter ended March 2021 as against Rs 0.17 crore during the previous quarter ended March 2020. Sales rose 36.55% to Rs 3.25 crore in the quarter ended March 2021 as against Rs 2.38 crore during the previous quarter ended March 2020.

For the full year,net profit rose 93.78% to Rs 4.05 crore in the year ended March 2021 as against Rs 2.09 crore during the previous year ended March 2020. Sales rose 36.94% to Rs 12.01 crore in the year ended March 2021 as against Rs 8.77 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales3.252.38 37 12.018.77 37 OPM %13.54-203.36 --7.24-42.30 - PBDT0.810.80 1 5.073.24 56 PBT0.760.75 1 4.882.94 66 NP0.590.17 247 4.052.09 94

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