Indbank Merchant Banking Services Reports Decline in Key Financial Metrics for Q3 FY24-25

Jan 22 2025 10:03 AM IST
share
Share Via
Indbank Merchant Banking Services announced its third-quarter financial results for FY24-25, showing declines in net sales, profit before tax, and profit after tax compared to previous quarters. The operating profit also reached a five-quarter low, indicating challenges in sales and operational efficiency. Earnings per share decreased as well.
Indbank Merchant Banking Services has reported its financial results for the third quarter of FY24-25, revealing notable shifts in key performance metrics. The company's net sales for the quarter were recorded at Rs 5.63 crore, which is lower than the average net sales of Rs 7.33 crore observed over the previous four quarters. This marks the lowest sales figure in the last five quarters, suggesting a challenging sales environment.

The Profit Before Tax (PBT) less Other Income also experienced a significant change, declining to Rs 1.87 crore, compared to an average PBT of Rs 3.40 crore in prior quarters. Additionally, Profit After Tax (PAT) decreased to Rs 1.17 crore, reflecting a shift from an average of Rs 2.45 crore. The operating profit was noted at Rs 2.03 crore, the lowest in five quarters, with an operating profit margin of 36.06%, indicating a change in the company's operational efficiency. Earnings per Share (EPS) fell to Rs 0.26, highlighting a shift in profitability and earnings for shareholders.

In light of these results, there have been evaluation changes regarding the stock's score.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News