Indbank Merchant Banking Services Reports Strong Financial Performance in Q2 FY25
Indbank Merchant Banking Services, a microcap company in the finance/NBFC industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 21, 2024, have received a ‘Sell’ call from MarketsMOJO.
Despite the negative recommendation, Indbank Merchant has shown a very positive performance in the quarter. The company’s score has improved from 26 to 20 in the last three months, indicating a strong financial performance.
One of the key factors contributing to this positive performance is the company’s net sales, which have been consistently growing in the last five quarters and reached a high of Rs 8.13 crore in the September 2024 quarter. This trend is expected to continue in the near term.
Indbank Merchant’s operating profit (PBDIT) has also seen a significant increase, reaching a high of Rs 4.51 crore in the last five quarters. The company’s operating profit margin has also improved, reaching a high of 55.47%, indicating improved efficiency.
The company’s profit before tax (PBT) less other income has also shown a positive trend, reaching a high of Rs 4.38 crore in the last five quarters. Similarly, the profit after tax (PAT) has also seen a significant increase, reaching a high of Rs 3.30 crore in the same period.
Indbank Merchant’s earnings per share (EPS) have also shown a positive trend, reaching a high of Rs 0.74 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.
Overall, Indbank Merchant Banking Services has shown a strong financial performance in the September 2024 quarter, with positive trends in key financial indicators. Investors should keep an eye on the company’s future performance to make informed decisions.
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