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Tamilnad Mercantile - Quaterly Results

22 Apr 2024 Evaluate
The March 2024 quarter revenue stood at Rs. 12537.10 millions, up 17.16% as compared to Rs. 10700.80 millions during the corresponding quarter last year.The Company's Net profit for the March 2024 quarter have declined marginally to Rs. 2530.60  millions as against Rs. 2530.50 millions reported during the corresponding quarter ended.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Interest Earned 12537.10 10700.80 17.16 48479.10 40810.40 18.79 48479.10 40810.40 18.79
Other Income 1639.00 1839.30 -10.89 6449.40 6291.10 2.52 6449.40 6291.10 2.52
Interest Expended 6866.60 5428.00 26.50 26970.20 19869.20 35.74 26970.20 19869.20 35.74
Operating Expenses 3644.00 3644.00 18.77 13140.50 11503.90 14.23 13140.50 11503.90 14.23
Operating Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prov.& Contigencies 235.40 571.80 -58.83 882.00 1792.00 -50.78 882.00 1792.00 -50.78
Tax 899.50 941.80 -4.49 3215.50 3643.80 -11.75 3215.50 3643.80 -11.75
PAT 2530.60 2530.50 0.00 10720.30 10292.60 4.16 10720.30 10292.60 4.16
Equity 1583.50 1583.50 0.00 1583.50 1583.50 0.00 1583.50 1583.50 0.00
OPM 29.24 37.79 -22.64 30.57 38.54 -20.69 30.57 38.54 -20.69
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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