India's Indbank Merchant Services hits 3-month high as profit jumps

Indbank Merchant Banking Services

13/01/2022 04:08

** Investment service firm's shares  IMBS.NS  jump 10% to
26.50 rupees, highest in about 3 months
    ** Company reported 87% jump in December-quarter profit to
29.9 mln rupees ($404,825.41)  urn:newsml:reuters.com:*:nBSE6kzDp6
    ** Quarterly total revenue more than doubled to 99.8 mln
rupees
    ** Due the pandemic, company's operations were affected,
however impact on operations and on profitability for FY 2021/22
up to Dec. 31 is not significant, Indbank said
    ** Company's shares more than doubled in 2021
    ** Including session's gains, stock up more than 17.5% for
the year
    
 ($1 = 73.8590 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))