Indbank Merchant Banking Services Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 54.1 million compared to INR 99.83 million a year ago. Net income was INR 17.48 million compared to INR 29.94 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to INR 0.67 a year ago.
For the nine months, revenue was INR 171.18 million compared to INR 193.97 million a year ago. Net income was INR 29.61 million compared to INR 57.85 million a year ago. Basic earnings per share from continuing operations was INR 0.67 compared to INR 1.3 a year ago.