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Tamilnad Mercantile - Quaterly Results

29 Jan 2025 Evaluate
The revenue zoomed 8.29% to Rs. 13310.20 millions for the quarter ended December 2024 as compared to Rs. 12291.50 millions during the corresponding quarter last year.A slim rise of 5.63% was recorded in the Net profit for the quarter ended December 2024 to Rs. 3002.40  millions  From Rs. 2842.30 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202412 202312 % Var 202412 202312 % Var 202403 202303 % Var
Interest Earned 13310.20 12291.50 8.29 39495.80 35942.00 9.89 48479.10 40810.40 18.79
Other Income 1889.20 1579.80 19.58 6501.10 4810.40 35.15 6449.40 6291.10 2.52
Interest Expended 7606.30 6921.20 9.90 22165.70 20103.60 10.26 26970.20 19869.20 35.74
Operating Expenses 3516.10 3516.10 8.25 10413.80 9496.50 9.66 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 32.60 23.70 37.55 1536.30 646.60 137.60 882.00 1792.00 -50.78
Tax 1042.00 836.00 24.64 2974.00 2316.00 28.41 3215.50 3643.80 -11.75
PAT 3002.40 2842.30 5.63 8907.10 8189.70 8.76 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 30.63 30.12 1.70 33.97 31.03 9.49 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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