Results     16-Apr-08
Announcements
Indbank Merchant Banking Services net profit declines 67.53% in the March 2008 quarter
Sales decline 51.52% to Rs 7.50 crore
Net profit of Indbank Merchant Banking Services declined 67.53% to Rs 4.52 crore in the quarter ended March 2008 as against Rs 13.92 crore during the previous quarter ended March 2007. Sales declined 51.52% to Rs 7.50 crore in the quarter ended March 2008 as against Rs 15.47 crore during the previous quarter ended March 2007.

For the full year, net profit rose 63.20% to Rs 34.55 crore in the year ended March 2008 as against Rs 21.17 crore during the previous year ended March 2007. Sales rose 86.92% to Rs 48.17 crore in the year ended March 2008 as against Rs 25.77 crore during the previous year ended March 2007.

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