INDBNK Q2 : STANDALONE NET LOSS NARROWS 74.1% (YOY) TO ₹0.63 L, PROFIT VS LOSS (QOQ). WEAK (ON 1ST LOOK)

Total revenue up 340.7% at ₹0.26 Cr (YOY), down 91.9% (QOQ). Total expenses up 219.3% at ₹0.27 Cr (YOY), down 58.0% (QOQ). Half-year net profit at ₹3.87 Cr versus loss of ₹0.13 Cr (YOY). Caution: RBI cancelled housing finance registration; company is under winding-up process and there is material going-concern uncertainty.

Ind Bank Housing Ltd

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