Indbank Merchant Banking Services quarterly results and financials

Indbank Merchant Banking Services (INDBANK)₹25.54−0.82%(9 Nov 2026 close)Stockbroking & Allied

Key facts

In the Jun 2026 quarter (standalone), Indbank Merchant Banking Services reported sales of ₹6.91 Cr, up 3.1% from Jun 2025, and net profit of ₹2.39 Cr, up 11.2% year on year. For the year to Mar 2026, sales were ₹25.15 Cr and net profit ₹7.14 Cr.

Sales (Jun 2026): ₹6.91 Cr
Net profit (Jun 2026): ₹2.39 Cr
Sales (FY Mar 2026): ₹25.15 Cr
Net profit (FY Mar 2026): ₹7.14 Cr
EPS (Jun 2026): ₹0.55
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Indbank Merchant Banking Services quarterly results

₹ crore unless stated; each column is a quarter.

Indbank Merchant Banking Services Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	6.05	6.61	6.87	7.71	8.14	5.64	5.32	6.70	6.29	6.26	5.90	6.91
Expenses	2.74	3.25	3.55	3.87	3.63	3.61	3.66	3.79	3.64	3.60	4.07	3.75
Operating Profit	3.29	3.35	3.31	3.83	4.49	2.02	1.65	2.90	2.64	2.65	1.82	3.15
OPM %	54.7%	50.9%	48.3%	49.9%	55.5%	36.1%	31.2%	43.5%	42.1%	42.5%	31.0%	45.8%
Other Income	0.00	0.02	0.95	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.14	0.00
Interest	0.04	0.00	0.02	0.03	0.03	0.06	0.05	0.08	0.10	0.03	0.02	0.02
Depreciation	0.08	0.11	0.10	0.13	0.10	0.12	0.11	0.07	0.07	0.05	0.08	0.06
Profit before tax	3.21	3.28	4.19	3.72	4.39	1.90	1.53	2.79	2.52	2.59	1.89	3.09
Tax %	24.5%	21.8%	40.0%	23.2%	24.7%	38.2%	25.1%	23.1%	26.4%	26.0%	35.7%	23.1%
Exceptional items	0.00	0.00	0.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.00
Net Profit	2.43	2.57	2.51	2.86	3.31	1.18	1.15	2.15	1.87	1.93	1.22	2.39
EPS (Rs)	0.56	0.59	0.57	0.65	0.75	0.27	0.27	0.49	0.43	0.44	0.28	0.55

Indbank Merchant Banking Services profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Indbank Merchant Banking Services Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	9.04	10.55	13.84	10.41	11.49	14.93	20.64	18.27	24.78	26.58	25.15	25.36
Expenses	5.78	10.14	8.66	8.96	12.49	12.88	14.18	12.75	13.82	14.63	15.08	15.06
Operating Profit	3.25	0.40	5.15	1.43	−1.00	2.03	6.42	5.48	10.91	11.91	10.01	10.26
OPM %	36.1%	3.9%	37.3%	13.8%	−8.8%	13.6%	31.2%	30.1%	44.2%	45.0%	39.9%	40.5%
Other Income	0.58	6.56	0.80	2.14	5.76	4.57	3.82	1.63	2.10	0.23	0.16	0.14
Interest	0.12	0.82	1.59	1.54	1.53	1.54	1.54	0.90	0.09	0.27	0.20	0.17
Depreciation	0.59	0.54	0.42	0.22	0.29	0.20	0.19	0.36	0.39	0.45	0.25	0.26
Profit before tax	3.15	5.63	3.98	1.82	2.95	4.89	8.56	5.87	12.62	11.51	9.77	10.09
Tax %	12.1%	5.2%	44.1%	2.8%	29.0%	17.1%	18.7%	40.1%	28.7%	26.5%	27.1%	—
Exceptional items	0.02	−0.07	0.00	0.07	0.02	0.02	0.00	0.47	0.69	0.00	0.12	0.12
Net Profit	2.77	5.35	2.23	1.78	2.10	4.07	6.97	3.51	9.02	8.47	7.14	7.41
EPS (Rs)	0.63	1.21	0.51	0.41	0.48	0.92	1.58	0.80	2.04	1.92	1.61	1.70
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Indbank Merchant Banking Services balance sheet

₹ crore, at each year end.

Indbank Merchant Banking Services Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	44.56	44.53	44.52	44.55	44.52	44.54	44.49	44.51	44.53	44.50	44.49	44.50
Reserves	1.92	4.68	10.01	12.18	13.90	15.89	19.95	26.84	30.24	39.11	47.40	54.52
Borrowings	0.00	0.00	1.58	0.03	0.00	0.00	0.00	0.00	2.80	0.00	0.01	0.00
Other Liabilities	6.23	8.71	24.51	24.58	9.35	14.00	20.01	21.43	20.17	23.08	26.55	24.52
Total Liabilities	52.71	57.92	80.62	81.34	67.77	74.43	84.45	92.78	97.74	107	118	124
Fixed Assets	5.08	4.54	4.09	3.74	3.59	3.34	3.38	3.72	3.56	3.33	3.14	3.06
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.00	0.00	0.00	0.00
Investments	3.48	3.05	2.11	1.25	0.46	0.20	0.81	1.31	1.38	2.45	1.84	3.03
Other Assets	44.15	50.33	74.42	76.35	63.72	70.89	80.26	87.63	92.80	101	113	117
Inventories	0.00	0.00	15.04	15.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Trade receivables	7.01	7.01	9.01	8.02	5.01	1.01	3.01	3.01	4.01	5.01	6.01	6.01
Cash & equivalents	17.03	22.04	21.03	19.05	34.09	35.07	37.06	66.13	70.18	71.14	87.20	87.21
Total Assets	52.71	57.92	80.62	81.34	67.77	74.43	84.45	92.78	97.74	107	118	124

Indbank Merchant Banking Services cash flow

₹ crore, for each year.

Indbank Merchant Banking Services Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.85	4.36	5.57	4.67	4.97	14.99	8.17	0.56	−5.32	−1.17	0.09	2.06
Cash from investing activity	−4.33	−4.57	−6.49	−2.95	−3.42	−10.36	−8.48	−0.99	−1.04	−0.18	0.57	−1.45
Cash from financing activity	0.00	0.00	0.00	−0.79	0.00	0.00	−1.52	−1.52	−0.90	−0.06	−0.11	−0.20
Net cash flow	−3.48	−0.23	−0.93	0.91	1.55	4.62	−1.81	−1.94	−7.24	−1.41	0.53	0.42
Capex	0.59	0.09	0.10	0.10	0.10	0.10	0.23	0.68	0.10	0.17	0.26	0.18
Free cash flow	0.39	4.26	5.46	4.55	4.86	14.85	7.93	−0.11	−5.38	−1.29	−0.16	1.87
CFO / OP %	20.1%	133.0%	1,354.1%	123.0%	350.1%	−1,528.0%	405.1%	30.0%	−80.9%	11.1%	30.1%	41.1%

Indbank Merchant Banking Services ratios

Working-capital days and returns, by year.

Indbank Merchant Banking Services Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	234	299	318	210	183	28	78	59	81	67	81	92
Cash conversion cycle	234	299	318	210	183	28	78	59	81	67	81	92
Working capital days	601	626	589	453	−22	−307	−286	−71	2	73	−29	34
ROCE %	14.0%	6.8%	12.3%	9.8%	5.7%	7.5%	10.2%	14.8%	7.0%	13.4%	13.4%	10.3%

Indbank Merchant Banking Services: frequently asked questions

What are the latest quarterly results of Indbank Merchant Banking Services?

For the Jun 2026 quarter, Indbank Merchant Banking Services reported sales of ₹6.91 Cr, up 3.1% year on year and net profit of ₹2.39 Cr, up 11.2% year on year. The operating margin was 45.8%.

What is the annual revenue of Indbank Merchant Banking Services?

Indbank Merchant Banking Services' sales for the year to Mar 2026 were ₹25.15 Cr; over the last twelve months they were ₹25.36 Cr.

What is the net profit of Indbank Merchant Banking Services?

Net profit for the year to Mar 2026 was ₹7.14 Cr, and ₹7.41 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.70.

How much debt does Indbank Merchant Banking Services have?

Indbank Merchant Banking Services reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹87.21 Cr.

What is the free cash flow of Indbank Merchant Banking Services?

Cash from operations was ₹2.06 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.87 Cr.

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