Indbank reports Rs 1.61 cr standalone profit with limited reliance on other income
Operating margin stood at 35.8%, while the 27.38% tax rate reduced profit before tax of Rs 2.22 cr to net profit of Rs 1.61 cr.
Filed 09 Oct 2026, 20:37 IST · after market close · Indbank Merchant Banking Services Ltd (INDBANK)
Key takeaways
- Standalone operating profit of Rs 2.28 cr represented a 35.8% operating margin in Q2FY27.
- Net profit was Rs 1.61 cr after tax of Rs 0.61 cr, implying a 27.38% tax rate.
- Other income was only Rs 0.04 cr against profit before tax of Rs 2.22 cr, so reported profit was mainly operating-led.
Price around the results
Operating profit drove the standalone quarter
Indbank Merchant Banking Services reported standalone revenue of Rs 6.36 cr and operating profit of Rs 2.28 cr for Q2FY27. Other income was Rs 0.04 cr against profit before tax of Rs 2.22 cr, indicating that the quarter's earnings were not materially dependent on non-operating income.
Tax was the main below-operating-profit deduction
Interest and depreciation were Rs 0.03 cr and Rs 0.07 cr, respectively, leaving profit before tax at Rs 2.22 cr. Tax of Rs 0.61 cr, at a 27.38% rate, reduced net profit to Rs 1.61 cr and EPS to Rs 0.36.
Results were filed after market close
The standalone results were filed after market close on 9 October 2026. A post-results stock reaction is therefore not yet part of this report.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹6 cr |
| Other income | ₹0 cr |
| Expenses | ₹4 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 35.80% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.36 |
What to watch
- Whether standalone operating margin remains near 35.8% next quarter.
- Whether the tax rate stays close to 27.38%.
- Whether other income remains limited to Rs 0.04 cr.