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Tamilnad Mercantile - Quaterly Results

24 Apr 2023 Evaluate
The March 2023 quarter revenue stood at Rs. 10700.80 millions, up 8.47% as compared to Rs. 9864.90 millions during the corresponding quarter last year.Modest increase of 11.50% in the Net Profit was reported from. 2269.50 millions to Rs. 2530.50  millions.


(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 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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