Indbank Merchant Banking Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Indbank Merchant Banking Services (a subsidiary of Indian Bank) reported a sharp year-on-year decline in Q1 FY26 (quarter ended June 30, 2025) earnings. Total revenue from operations fell to Rs. 369.59 lakhs from Rs. 595.03 lakhs a year ago, and profit after tax dropped to Rs. 105.86 lakhs from Rs. 281.77 lakhs, pushing EPS down to Rs. 0.26 from Rs. 0.64. The board also accepted the resignation of CFO Tausif Inamdar effective July 18, 2025, citing his repatriation to parent Indian Bank, and appointed Shri Balaji M.S (currently a Senior Manager at Indian Bank with an MBA in Finance and prior Air Force background) as the new CFO effective July 19, 2025. The 36th Annual General Meeting has been scheduled for September 18, 2025 via video conferencing. Statutory auditor Brahmayya & Co. issued an unmodified limited review report on the results.
Sharply lower profits and revenue are the main concern for shareholders and may weigh on the stock in the short term. The CFO change appears routine and linked to the parent's internal rotation, with a replacement already in place, so governance impact looks minimal.