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Tamilnad Mercantile - Quaterly Results

24 Apr 2023 Evaluate
The revenue for the March 2023 quarter is pegged at Rs. 10700.80 millions, about 8.47% up against Rs. 9864.90 millions recorded during the year-ago period.Net profit stood at Rs. 2530.50  millions  compared to Rs. 2269.50 millions in the corresponding previous quarter,high by 11.50%.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Interest Earned 10700.80 9864.90 8.47 40810.40 38338.60 6.45 40810.40 38338.60 6.45
Other Income 1839.30 2141.70 -14.12 6291.10 8122.60 -22.55 6291.10 8122.60 -22.55
Interest Expended 5428.00 4987.70 8.83 19869.20 20186.30 -1.57 19869.20 20186.30 -1.57
Operating Expenses 3068.00 3068.00 11.36 11503.90 11110.40 3.54 11503.90 11110.40 3.54
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 571.80 1464.50 -60.96 1792.00 3918.40 -54.27 1792.00 3918.40 -54.27
Tax 941.80 529.90 77.73 3643.80 3027.00 20.38 3643.80 3027.00 20.38
PAT 2530.50 2269.50 11.50 10292.60 8219.10 25.23 10292.60 8219.10 25.23
Equity 1583.50 1425.10 11.12 1583.50 1425.10 11.12 1583.50 1425.10 11.12
OPM 37.79 43.22 -12.56 38.54 39.55 -2.56 38.54 39.55 -2.56
Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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