Indbank Merchant Banking Services standalone net profit declines 54.30% in the December 2024 quarter

Net profit of Indbank Merchant Banking Services declined 54.30% to Rs 1.17 crore in the quarter ended December 2024 as against Rs 2.56 crore during the previous quarter ended December 2023. Sales declined 14.70% to Rs 5.63 crore in the quarter ended December 2024 as against Rs 6.60 crore during the previous quarter ended December 2023.

Particulars	Quarter Ended
	Dec. 2024	Dec. 2023	% Var.
Sales	5.63	6.60	-15
OPM %	36.06	50.91	-
PBDT	2.00	3.37	-41
PBT	1.89	3.27	-42
NP	1.17	2.56	-54