Indbank Merchant Banking Services swung to a profit for the quarter ended March 2014. During the quarter, the company reported a profit of Rs 0.02 million compared with a loss of Rs 2.86 million in the same quarter previous year.
Net sales for the quarter declined 7.50% to Rs 11.78 million, compared with Rs 12.73 million for the prior year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 11.78 | 12.74 | (7.50) |
| Net Profit | 0.02 | (2.86) | - |
| Basic EPS | NA | (0.06) | - |
Shares of the company declined Rs 0, or 0%, to settle at Rs 4.13. The total volume of shares traded was 2,650 at the BSE (Wednesday).
