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Indbank Merchant Banking Services standalone net profit declines 41.47% in the December 2022 quarter

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Capital Market

Sales decline 20.88% to Rs 4.32 crore

Net profit of Indbank Merchant Banking Services declined 41.47% to Rs 1.75 crore in the quarter ended December 2022 as against Rs 2.99 crore during the previous quarter ended December 2021. Sales declined 20.88% to Rs 4.32 crore in the quarter ended December 2022 as against Rs 5.46 crore during the previous quarter ended December 2021. ParticularsQuarter EndedDec. 2022Dec. 2021% Var.Sales4.325.46 -21 OPM %30.32-16.67 -PBDT2.363.23 -27 PBT2.273.18 -29 NP1.752.99 -41

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First Published: Jan 21 2023 | 4:15 PM IST

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