Highlights
- Revenue from operations increased to ₹6.90 crore from ₹6.69 crore in the year-ago quarter.
- Net profit rose 11.1% year-on-year to ₹2.38 crore.
- Profit before tax increased to ₹3.08 crore from ₹2.78 crore.
- Earnings per share (EPS) improved to ₹0.54 from ₹0.48.
- Total expenses declined compared with the corresponding quarter last year.
- The statutory auditors issued an unmodified conclusion on the limited review of the quarterly results.
Indbank Merchant Banking Services Ltd., a subsidiary of Indian Bank, reported its unaudited financial results for the quarter ended June 30, 2026, with revenue and profit recording year-on-year growth. The company's Board of Directors approved the results at its meeting held on July 8, 2026, along with the Limited Review Report issued by the statutory auditors.
Source: Indbank Merchant Banking Services Ltd. (BSE/NSE Filing, July 8, 2026).
Revenue Shows Moderate Growth
Revenue from operations for the quarter stood at ₹6.90 crore, compared with ₹6.69 crore in the corresponding quarter of the previous financial year, reflecting a year-on-year increase of approximately 3.2%.
The increase was primarily supported by higher fee and commission income, while the company also reported gains from fair value changes during the quarter.
Profit Improves Year-on-Year
Profit before tax (PBT) increased to ₹3.08 crore, compared with ₹2.78 crore in the year-ago period.
After accounting for tax expenses, net profit for the quarter stood at ₹2.38 crore, up from ₹2.14 crore reported in the corresponding quarter last year. On a year-on-year basis, net profit increased by approximately 11.1%.
The company's earnings per share (EPS) also improved to ₹0.54, compared with ₹0.48 in the June 2025 quarter.
Expenses Declined During the Quarter
Total expenses for the quarter were ₹3.82 crore, compared with ₹3.91 crore in the corresponding quarter of the previous financial year.
Employee benefit expenses remained the largest component of expenditure, while finance costs, depreciation and other operating expenses were also reported as part of the company's quarterly financial statements.
Board Approval and Auditor's Review
The Board of Directors approved the unaudited financial results at its meeting held on July 8, 2026.
According to the filing, the statutory auditors conducted a limited review of the quarterly financial statements and issued an unmodified conclusion, stating that nothing had come to their attention to indicate that the financial results were not prepared in accordance with the applicable accounting standards and regulatory requirements.
Conclusion
Indbank Merchant Banking Services reported higher revenue and net profit for the quarter ended June 30, 2026, while total expenses were lower than the corresponding period last year. The company also recorded growth in profit before tax and earnings per share. The quarterly results were approved by the Board and accompanied by an unmodified limited review conclusion from the statutory auditors.
Frequently Asked Questions (FAQs)
Q: When did Indbank Merchant Banking announce its Q1 FY27 results?
A: The company announced its unaudited financial results for the quarter ended June 30, 2026, on July 8, 2026.
Q: What was Indbank Merchant Banking's revenue in Q1 FY27?
A: Revenue from operations was ₹6.90 crore, compared with ₹6.69 crore in the corresponding quarter of the previous year.
Q: How much net profit did the company report?
A: Net profit for the quarter stood at ₹2.38 crore, up from ₹2.14 crore in Q1 FY26.
Q: What was the company's earnings per share (EPS)?
A: Basic and diluted EPS for the quarter was ₹0.54, compared with ₹0.48 a year earlier.
Q: What did the auditors state in their review?
A: The statutory auditors issued an unmodified conclusion on the limited review of the unaudited financial results.