Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs).
Financial Results:
Tamilnad Mercantile Bank Ltd reported Revenues for Q2FY24 of ₹1,209.00 Crores up from ₹997.00 Crore year on year, a rise of 21.26%.
Total Expenses for Q2FY24 of ₹1,023.00 Crores up from ₹786.00 Crores year on year, a rise of 30.15%.
Consolidated Net Profit of ₹274.00 Crores up 4.58% from ₹262.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹17.27, up 4.29% from ₹16.56 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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