Indbank Merchant Banking Services Limited, at its board meeting on April 20, 2026, approved its audited financial results for the quarter and year ended March 31, 2026. For the current quarter ending March 31, 2026, the company reported a total income of ₹602.43 Lakhs, marking a 5.67% increase compared to the previous quarter (QoQ) but a 21.08% decrease compared to the same quarter last year (YoY). The net profit for this quarter stood at ₹121.21 Lakhs, which is a significant 36.87% decrease from the preceding quarter and a modest 6.32% increase from the corresponding quarter in 2025. These results reflect a challenging year where full-year net profit decreased by 15.84% to ₹712.17 Lakhs from ₹846.18 Lakhs in the previous financial year.

Indbank Merchant Banking Services Limited (Indbank), established in 1989 as a subsidiary of Indian Bank, is a SEBI-registered Category-I Merchant Banker and the first public sector merchant banking subsidiary in India to go public. The company offers a comprehensive suite of financial services, including merchant banking, stockbroking, depository participant activities, and distribution of mutual fund products. As of March 31, 2026, Indian Bank remains the primary promoter, holding a 64.84% stake in the company. Despite facing recent earnings fluctuations, the company maintains a stable position in the capital markets and continues to provide specialized services such as loan syndication and valuation of financial instruments.