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Indbank Merchant Banking Services reports standalone net loss of Rs 2.49 crore in the March 2018 quarter

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Capital Market

Sales rise 14.04% to Rs 2.68 crore

Net loss of Indbank Merchant Banking Services reported to Rs 2.49 crore in the quarter ended March 2018 as against net profit of Rs 1.07 crore during the previous quarter ended March 2017. Sales rose 14.04% to Rs 2.68 crore in the quarter ended March 2018 as against Rs 2.35 crore during the previous quarter ended March 2017.

For the full year,net profit declined 58.43% to Rs 2.22 crore in the year ended March 2018 as against Rs 5.34 crore during the previous year ended March 2017. Sales rose 26.85% to Rs 11.67 crore in the year ended March 2018 as against Rs 9.20 crore during the previous year ended March 2017.

 
ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales2.682.35 14 11.679.20 27 OPM %-33.9636.17 -25.79-10.00 - PBDT-0.681.19 PL 4.406.22 -29 PBT-0.741.06 PL 3.975.69 -30 NP-2.491.07 PL 2.225.34 -58

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First Published: May 04 2018 | 5:26 PM IST

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