Indbank Merchant Banking Services Reports Strong Financial Performance in Q1 FY25.

Indbank Merchant Banking Services, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Indbank Merchant has shown a very positive performance in the quarter, with a score of 26, which is a significant improvement from the previous score of 11 in the last three months.

One of the key factors contributing to this positive performance is the company’s net sales, which have been consistently growing each quarter in the last five quarters and have reached a high of Rs 7.70 crore. This trend is expected to continue in the near term.

The company’s profit after tax (PAT) has also seen a significant growth of 50.4% over the average PAT of the previous four quarters, reaching Rs 2.85 crore. This is a very positive trend for the company’s profitability in the near term.

Similarly, the net sales have also shown a growth of 23.5% over the average net sales of the previous four quarters, reaching Rs 7.70 crore. This is another positive trend for the company’s sales performance.

Indbank Merchant’s operating profit (PBDIT) has also reached its highest at Rs 3.83 crore in the last five quarters, indicating a positive trend in the near term. The same can be said for the profit before tax less other income (PBT), which has also reached its highest at Rs 3.70 crore in the last five quarters and has shown a growth of 38.8% over the average PBT of the previous four quarters.

The company’s earnings per share (EPS) have also reached its highest at Rs 0.64 in the last five quarters, showing an increasing profitability and creating higher earnings for shareholders.

In terms of liquidity, Indbank Merchant has shown improvement with its cash and cash equivalents reaching its highest at Rs 70.92 crore in the last six half-yearly periods.

Overall, Indbank Merchant Banking Services has shown a very positive financial performance in the quarter ending June 2024, with various key indicators showing a positive trend in the near term.