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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 34.49 % in the past year, substantial increase in net sales/revenue by 5.57 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -90.91 %, Marginal decrease of -92.31% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Indbank Merchant Banking Services Limited. Notable increase of 36.19 % in net profit Year to Year, Indbank Merchant Banking Services Limited’s profitability increased by 15.75 % in this quarter.
- EPS over the Year and quarter: EPS increased by 34.55 % Year to Year. EPS increased by 15.63 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6.045 Cr | Rs. 7.701 Cr | Rs. 8.13 Cr | + 5.57 % | + 34.49 % |
| Expenses | Rs. 2.73 Cr | Rs. 3.86 Cr | Rs. 3.63 Cr | -5.96 % | + 32.97 % |
| Operating Profit | Rs. 3.32 Cr | Rs. 3.84 Cr | Rs. 4.5 Cr | + 17.19 % | + 35.54 % |
| OPM % | 54.92 % | 49.86 % | 55.35 % | + 5.49 % | + 0.43 % |
| Other Income | Rs. 0.011 Cr | Rs. 0.013 Cr | Rs. 0.001 Cr | -92.31 % | -90.91 % |
| Interest | Rs. 0.03 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | -33.33 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.12 Cr | Rs. 0.11 Cr | -8.33 % | + 10 % |
| Profit before tax | Rs. 3.2 Cr | Rs. 3.71 Cr | Rs. 4.37 Cr | + 17.79 % | + 36.56 % |
| Tax % | 24.21 % | 23.11 % | 24.61 % | + 1.5 % | + 0.4 % |
| Net Profit | Rs. 2.42 Cr | Rs. 2.85 Cr | Rs. 3.3 Cr | + 15.79 % | + 36.36 % |
| EPS in Rs | Rs. 0.55 | Rs. 0.64 | Rs. 0.74 | + 15.63 % | + 34.55 % |
Today, we’re looking at Indbank Merchant Banking Services Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 34.49 %. However, it did see a marginal increase of 5.57 % from the previous quarter. Expenses decreased slightly by -5.96 % quarter-on-quarter, aligning with the annual rise of 32.97 %. Operating profit, while up 35.54 % compared to last year, faced a quarter-on-quarter increase of 17.19 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.43 %, but an expansion of 5.49 % sequentially. Other income fell by -92.31 % compared to the last quarter, despite an annual decline of -90.91 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -33.33 %. Depreciation costs fell by -8.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10 %. Profit before tax grew annually by 36.56 % but saw an increase from the preceding quarter by 17.79 %.
Tax expenses as a percentage of profits increased slightly by 0.4 % compared to last year, with a more notable quarter-on-quarter increase of 1.5 %. Net profit rose by 36.36 % year-on-year but experienced a 15.79 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 34.55 % but a quarterly rise of 15.63 %. In summary, Indbank Merchant Banking Services Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6.045 Cr | Rs. 7.701 Cr | Rs. 8.13 Cr | + 5.57 % | + 34.49 % |
| Expenses | Rs. 2.73 Cr | Rs. 3.86 Cr | Rs. 3.63 Cr | -5.96 % | + 32.97 % |
| Operating Profit | Rs. 3.32 Cr | Rs. 3.84 Cr | Rs. 4.5 Cr | + 17.19 % | + 35.54 % |
| Net Profit | Rs. 2.42 Cr | Rs. 2.85 Cr | Rs. 3.3 Cr | + 15.79 % | + 36.36 % |
| EPS in Rs | Rs. 0.55 | Rs. 0.64 | Rs. 0.74 | + 15.63 % | + 34.55 % |
In reviewing Indbank Merchant Banking Services Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 34.49 % year-on-year growth, however, there was a minor increase of 5.57 % from the previous quarter. Expenses rose by 32.97 % compared to the previous year, with a decrease of -5.96 % quarter-on-quarter. Operating Profit surged by 35.54 % annually, and saw a 17.19 % increase from the last quarter.
Net Profit showed yearly increase of 36.36 %, and experienced a 15.79 % increase from the previous quarter. Earnings Per Share (EPS) rose by 34.55 % annually, however rose by 15.63 % compared to the last quarter. In essence, while Indbank Merchant Banking Services Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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