Indbank Merchant Banking Services Approves Financial Results for Year Ended March 31, 2026
Indbank Merchant Banking Services Limited announced that its Board of Directors, at a meeting held on April 20, 2026, considered and approved the audited financial results, cash flow statement, and auditors' report for the fiscal year ending March 31, 2026.The Company also reported that the statutory auditors have issued an unmodified opinion regarding the financial results for the period ending March 31, 2026.
Financial Performance Overview
The Statement of Audited Financial Results for the quarter ended March 31, 2026, showed various revenue streams. Total revenue from operations stood at Rs. 589.48 Lakhs for the three months ended March 31, 2026, compared to Rs. 369.59 Lakhs in the corresponding period in the previous year.Key figures for the quarter include:
- Interest income: Rs. 173.83 Lakhs.
- Fees and commission income: Rs. 456.64 Lakhs.
- Total Expenses: Rs. 414.71 Lakhs.
- Profit before tax for the period: Rs. 177.34 Lakhs.
- Profit/(loss) for the period from continuing operations: Rs. 110.62 Lakhs.
- Total Comprehensive Income: Rs. 131.35 Lakhs.
- Earnings per equity share (Basic and Diluted): Rs. 0.27.
Financial results for the entire year ended March 31, 2026, showed Total Income of Rs. 592.05 Lakhs, and a Total Expense of Rs. 414.71 Lakhs.
| Particulars | Three months ended 31-03-2026 (Rs. Lakhs) | Year to date for the current year ended 31-03-2026 (Rs. Lakhs) |
|---|---|---|
| Total Revenue from Operations | 589.48 | 2,511.27 |
| Total Income | 592.05 | 2,515.29 |
| Total Expenses | 414.71 | 1,549.91 |
| Profit/(loss) for the period from continuing operations | 110.62 | 701.73 |
| Total Comprehensive Income | 131.35 | 708.92 |
| Basic and Diluted EPS | 0.27 | 1.61 |
Balance Sheet Snapshot
The Statement of Assets & Liabilities as of March 31, 2026, indicated a total asset base of Rs. 12,313.93 Lakhs. Total assets were primarily comprised of financial assets, including Bank Balance other than Cash and cash equivalents amounting to Rs. 8,530.54 Lakhs and Investments at Rs. 301.96 Lakhs.The company's total equity stood at Rs. 12,313.93 Lakhs, matching the total assets, with Equity Share capital at Rs. 4,437.82 Lakhs and Other Equity at Rs. 5,436.27 Lakhs.
| Statement of Assets & Liabilities | As on 31.03.2026 (Rs. Lakhs) | As on 31.03.2025 (Rs. Lakhs) |
|---|---|---|
| Total Assets | 12,313.93 | 11,788.95 |
| Total Equity | 12,313.93 | 11,788.95 |
Cash Flow Summary
The cash flow statement for the year ended March 31, 2026, showed that the net increase in cash and cash equivalents was Rs. 41.44 Lakhs, reaching a closing balance of Rs. 141.06 Lakhs. The cash generated from operations was Rs. 412.68 Lakhs, significantly higher than the Rs. 345.93 Lakhs recorded in the previous year.| Cash Flow Activity | For the period ended 31-03-2026 (Rs. Lakhs) | For the year ended 31-03-2025 (Rs. Lakhs) |
|---|---|---|
| Cash flow from Operating Activities | 412.68 | 345.93 |
| Cash flow from Investing Activities | (144.50) | 56.16 |
| Cash flow from Financing Activities | (18.73) | (12.18) |
| Net increase in cash and cash equivalents | 41.44 | 36.91 |
| Cash and Cash equivalents as at the end of the year | 141.06 | 99.62 |
Auditor's Emphasis of Matters
The auditors highlighted two key areas in their report:1. Receivables: Lease and hire purchase receivables amounting to Rs. 470.07 Lakhs (12 accounts) relate to discontinued fund-based operations as of April 1, 2025. During the year, additional provision of Rs. 24.00 Lakhs was made due to uncertainty of recovery.
2. Litigation: The auditors also pointed out litigation concerning disputed income tax demands totaling Rs. 1842.78 Lakhs. This dispute relates to the company's claim of an exemption on Long-Term Capital Gains from sale of Equity Shares paid Securities Transaction Tax, where the income was treated as Business income by the Assessing officer for the assessment years 2007-08 to 2009-10.
INDBANK Stock Price Movement
Today, Indbank Merchant Banking Services Limited shares edged higher to close at ₹36.14, gaining 1.03% in post-market trading. The stock saw robust activity today, supported by total traded volume reaching 73,339 shares.Source:
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