Indbank Merchant Banking Services standalone net profit declines 39.39% in the September 2019 quarter

Sales decline 6.25% to Rs 1.80 crore

Net profit of Indbank Merchant Banking Services declined 39.39% to Rs 0.20 crore in the quarter ended September 2019 as against Rs 0.33 crore during the previous quarter ended September 2018. Sales declined 6.25% to Rs 1.80 crore in the quarter ended September 2019 as against Rs 1.92 crore during the previous quarter ended September 2018. ParticularsQuarter EndedSep. 2019Sep. 2018% Var.Sales1.801.92 -6 OPM %-5.001.04 -PBDT0.300.34 -12 PBT0.220.28 -21 NP0.200.33 -39

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