22 Sep 2020 | 6:39 PM

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COMPANYNEWS
Indbank Merchant Q2 net profit down 39.39% at Rs 0.20 cr
  Indbank Merchant Banking Services Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-08-2019
The company reported standalone net profit of Rs 0.20 crore for the quarter ended September 30 2019 as compared to Rs 0.33 crore in the same period last year registering a year-on-year decline of 39.39 per cent.


Net revenue of the company declined moderately by 6.25 per cent at Rs 1.80 crore in July-September quarter of this fiscal as against Rs 1.92 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 1.05 per cent to Rs 1.89 crore from Rs 1.91 crore in year ago period.


Other Income grew by 10.00 per cent at Rs 0.77 crore versus (Sep`18 Rs 0.70 crore).


Operating Profit slipped by 600.00 per cent to Rs -0.10 crore as against Rs 0.02 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 743.90 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.38 crore while Taxation increased by 120.00 per cent at Rs 0.01 crore (Sep`18 Rs -0.05 crore).