Indbank Merchant Banking Services reports nil net profit/loss in the March 2014 quarter

Sales decline 7.09% to Rs 1.18 crore

Indbank Merchant Banking Services reported no net profit/loss in the quarter ended March 2014 as against net loss of Rs 0.29 crore during the previous quarter ended March 2013. Sales declined 7.09% to Rs 1.18 crore in the quarter ended March 2014 as against Rs 1.27 crore during the previous quarter ended March 2013.

For the full year,net profit declined 58.90% to Rs 0.30 crore in the year ended March 2014 as against Rs 0.73 crore during the previous year ended March 2013. Sales rose 15.81% to Rs 6.08 crore in the year ended March 2014 as against Rs 5.25 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales1.181.27 -7 6.085.25 16 OPM %-19.49-25.20 --5.43-22.67 - PBDT0.160.02 700 0.991.30 -24 PBT0.01-0.18 LP 0.320.59 -46 NP0-0.29 100 0.300.73 -59

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