| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 1.3K | 0.5% |
| Total Income | 1.5K | 2.9% |
| Expenditure | 1.1K | 1.1% |
| PBT | 404.44 | 1.0% |
| Net Profit | 300.24 | 1.0% |
| OPM | — | |
| NPM | 19.75% | 0.38pp |
| EPS | 18.96 | 1.0% |
Tamilnad Mercantile Bank Ltd Reports YoY Growth of 6% in Net Profit in Q3FY25
30 Jan 2025 · 30 Jan 2025, 12:49 am
Summary
Tamilnad Mercantile Bank Ltd, one of the renowned Old Private Sector Banks, has reported a YoY growth of 6% in Net Profit in Q3FY25. The growth is driven by the continued growth in core lending and deposit businesses. The bank has opened 5 new branches and entered into strategic partnerships to enhance customer growth and operational efficiency.
Key Highlights
- 1
YoY growth of 6% in Net Profit in Q3FY25
- 2
Opened 5 new branches across key markets
- 3
Entered into strategic partnerships with Oracle, Deloitte, and Bajaj Broking
- 4
Improved Operating Profit by 10%
- 5
Improved Networth by 13.65%
Management Comments
Salee S Nair
We have achieved YoY growth of 6% in Net Profit in Q3FY25, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this quarter, we have opened 5 new branches across key markets, further strengthening our distribution network. We have entered into a few strategic partnerships with companies like Oracle, Deloitte and Bajaj Broking to leverage their expertise in various areas, including digital transformation and increasing operational efficiency to enhance customer growth. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.
Informational and educational content only. Not investment advice.