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Tamilnad Mercantile - Quaterly Results

24 Jul 2023 Evaluate
The June 2023 quarter revenue stood at Rs. 11558.90 millions, up 15.34% as compared to Rs. 10021.50 millions during the corresponding quarter last year.Profit saw a slight increase of 11.54%to Rs. 2612.30  millions from Rs. 2342.10 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Interest Earned 11558.90 10021.50 15.34 11558.90 10021.50 15.34 40810.40 38338.60 6.45
Other Income 1670.00 1396.20 19.61 1670.00 1396.20 19.61 6291.10 8122.60 -22.55
Interest Expended 6418.10 4781.30 34.23 6418.10 4781.30 34.23 19869.20 20186.30 -1.57
Operating Expenses 3011.70 3011.70 4.12 3011.70 2892.40 4.12 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 390.00 552.20 -29.37 390.00 552.20 -29.37 1792.00 3918.40 -54.27
Tax 796.80 849.70 -6.23 796.80 849.70 -6.23 3643.80 3027.00 20.38
PAT 2612.30 2342.10 11.54 2612.30 2342.10 11.54 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 32.87 37.36 -12.02 32.87 37.36 -12.02 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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