22 Sep 2020 | 7:29 PM

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COMPANYNEWS
Indbank Merchant Q1 net profit up 26.39% at Rs 0.91 cr
  Indbank Merchant Banking Services Ltd. | 16 Jan 2020 | 03:41 PM
Published on 07-19-2019
The company reported standalone net profit of Rs 0.91 crore for the quarter ended June 30 2019 as compared to Rs 0.72 crore in the same period last year registering a year-on-year growth of 26.39 per cent.


Net revenue of the company rose by 5.62 per cent at Rs 2.63 crore in April-June quarter of this fiscal as against Rs 2.49 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 10.29 per cent to Rs 1.83 crore from Rs 2.04 crore in year ago period.


Other Income grew by 10.96 per cent at Rs 0.81 crore versus (Jun`18 Rs 0.73 crore).


Operating Profit surged by 77.78 per cent to Rs 0.80 crore as against Rs 0.45 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 69.33 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.38 crore while Taxation increased by 700.00 per cent at Rs 0.24 crore (Jun`18 Rs 0.03 crore).