Net profit of Indbank Merchant Banking Services reported to Rs 0.29 crore in the quarter ended March 2019 as against net loss of Rs 2.49 crore during the previous quarter ended March 2018. Sales declined 29.48% to Rs 1.89 crore in the quarter ended March 2019 as against Rs 2.68 crore during the previous quarter ended March 2018.

For the full year,net profit declined 20.27% to Rs 1.77 crore in the year ended March 2019 as against Rs 2.22 crore during the previous year ended March 2018. Sales declined 30.42% to Rs 8.12 crore in the year ended March 2019 as against Rs 11.67 crore during the previous year ended March 2018.

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Indbank Merchant Banking Services will hold a meeting of the Board of Directors of the Company on 18 May 2019.

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Net profit of Indbank Merchant Banking Services declined 72.44% to Rs 0.43 crore in the quarter ended December 2018 as against Rs 1.56 crore during the previous quarter ended December 2017. Sales declined 37.88% to Rs 1.82 crore in the quarter ended December 2018 as against Rs 2.93 crore during the previous quarter ended December 2017.

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Indbank Merchant Banking Services will hold a meeting of the Board of Directors of the Company on 12 February 2019.

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