Tamilnad Mercantile Bank Limited released its financials for Q3 FY24

23 January 2024

The company announced its financials for Q3 FY24.

Revenue: The revenue of the company increased by 21.4% from Rs 1,012.1 Cr in Q3 FY23 to Rs 1,229.2 Cr in Q3 FY24.

Net Profit: The net profit of the company increased by 1.6% from Rs 279.7 Cr in Q3 FY23 to Rs 284.2 Cr in Q3 FY24.

Others: The Capital Adequacy Ratio of the company increased 6.1% from 24.4% in Q3 FY23 to 25.9% in Q3 FY24. The NNPA of the company increased from 0.75% in Q3 FY23 to 0.98% in Q3 FY24