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Tamilnad Mercantile - Quaterly Results

28 Oct 2024 Evaluate
A fair growth of 10.61% in the revenue at Rs. 13374.10 millions was reported in the September 2024 quarter as compared to Rs. 12091.60 millions during year-ago period.Net profit stood at Rs. 3031.80  millions  compared to Rs. 2735.10 millions in the corresponding previous quarter,high by 10.85%.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202409 202309 % Var 202409 202309 % Var 202403 202303 % Var
Interest Earned 13374.10 12091.60 10.61 26185.60 23650.50 10.72 48479.10 40810.40 18.79
Other Income 2274.70 1560.60 45.76 4611.90 3230.60 42.76 6449.40 6291.10 2.52
Interest Expended 7413.50 6764.30 9.60 14559.40 13182.40 10.45 26970.20 19869.20 35.74
Operating Expenses 3583.30 3583.30 10.71 6897.70 6248.40 10.39 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 649.30 232.90 178.79 1503.70 622.90 141.40 882.00 1792.00 -50.78
Tax 970.90 683.20 42.11 1932.00 1480.00 30.54 3215.50 3643.80 -11.75
PAT 3031.80 2735.10 10.85 5904.70 5347.40 10.42 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 34.78 30.20 15.19 35.67 31.50 13.23 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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