NIFTY 50 23344.75 ▲ (0.61%)
NIFTY NEXT 50 65106.15 ▲ (0.08%)
NIFTY 100 24048.8 ▲ (0.51%)
NIFTY MIDCAP 100 55106.2 ▲ (0.91%)
NIFTY SMALLCAP 100 17864.65 ▲ (1.09%)
NIFTY SMALLCAP 250 16841.4 ▲ (0.84%)
NIFTY MIDCAP SELECT 12356.5 ▲ (0.87%)
NIFTY TOTAL MARKET 12304.6 ▲ (0.6%)
NIFTY BANK 49350.8 ▲ (1.67%)
SENSEX 77073.44 ▲ (0.59%)
BSE BANKEX 56036.23 ▲ (2.03%)

Tamilnad Mercantile Bank announced Financial Results for Q2 2024-25

[fetch_key]

Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Revenue over the Year and quarter: The company experienced a substantial growth of 10.61 % in the past year, substantial increase in revenue by 4.39 %.
  • Profit over the Year and quarter: Significant improvement in profitability for Tamilnad Mercantile Bank Limited. Notable increase of 10.85 % in net profit Year to Year, Tamilnad Mercantile Bank Limited’s profitability increased by 5.53 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 10.89 % Year to Year. EPS increased by 5.57 % in previous quarter. Positive impact on shareholders.
  • Gross NPA % over the Year and quarter: Gross NPA decreased by -4.86 % this quarter. Leading to a -19.41 % reduction over the past year.
  • Net NPA % over the Year and quarter: Net NPA decreased by -29.23 % this quarter. Contributing to an overall annual reduction of -53.54 %.

Quarterly reports provide a concise overview of a company’s financial health and operational activities every three months. Key metrics such as revenue and profit are included, alongside important transactions like mergers and acquisitions. These insights into quarterly data enable investors and analysts to track market movements and make educated decisions regarding their investments. Read Tamilnad Mercantile Bank Limited‘s latest quarterly report.This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Revenue Rs. 1209.16 Cr Rs. 1281.15 Cr Rs. 1337.41 Cr + 4.39 % + 10.61 %
Interest Rs. 676.43 Cr Rs. 714.59 Cr Rs. 741.35 Cr + 3.74 % + 9.6 %
Expenses Rs. 346.96 Cr Rs. 416.88 Cr Rs. 423.26 Cr + 1.53 % + 21.99 %
Financing Profit Rs. 185.77 Cr Rs. 149.68 Cr Rs. 172.8 Cr + 15.45 % -6.98 %
Financing Margin % 15.36 % 11.68 % 12.92 % + 1.24 % -2.44 %
Other Income Rs. 156.06 Cr Rs. 233.72 Cr Rs. 227.47 Cr -2.67 % + 45.76 %
Depreciation Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Profit before tax Rs. 341.83 Cr Rs. 383.4 Cr Rs. 400.27 Cr + 4.4 % + 17.1 %
Tax % 19.99 % 25.07 % 24.26 % -0.81 % + 4.27 %
Net Profit Rs. 273.51 Cr Rs. 287.29 Cr Rs. 303.18 Cr + 5.53 % + 10.85 %
EPS in Rs Rs. 17.27 Rs. 18.14 Rs. 19.15 + 5.57 % + 10.89 %
Gross NPA % 1.7 % 1.44 % 1.37 % -0.07 % -0.33 %
Net NPA % 0.99 % 0.65 % 0.46 % -0.19 % -0.53 %


Today, we’re looking at Tamilnad Mercantile Bank Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year revenue growth of 10.61 %. However, it did see a marginal increase of 4.39 % from the previous quarter. Interest expenses surged remarkably by 3.74 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.6 %. Expenses ticked up slightly by 1.53 % quarter-on-quarter, aligning with the annual rise of 21.99 %.
Financing profit, while down -6.98 % compared to last year, faced a quarter-on-quarter increase of 15.45 %, signaling a short-term expansion in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.44 %, but an expansion of 1.24 % sequentially. Other income fell by -2.67 % compared to the last quarter, despite an annual growth of 45.76 %. Profit before tax grew annually by 17.1 % but saw an increase from the preceding quarter by 4.4 %. Tax expenses as a percentage of profits increased slightly by 4.27 % compared to last year, With a more notable quarter-on-quarter decrease of -0.81 %.
Net profit rose by 10.85 % year-on-year, but experienced a 5.53 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 10.89 % but a quarterly rise of 5.57 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.07 % and an annual decline of -0.33 %, pointing to weakening recovery efforts and a deteriorating credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.19 % and an annual decline of -0.53 %, reflecting persistent vulnerabilities in asset quality and risk management. In summary, Tamilnad Mercantile Bank Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Revenue Rs. 1209.16 Cr Rs. 1281.15 Cr Rs. 1337.41 Cr + 4.39 % + 10.61 %
Interest Rs. 676.43 Cr Rs. 714.59 Cr Rs. 741.35 Cr + 3.74 % + 9.6 %
Expenses Rs. 346.96 Cr Rs. 416.88 Cr Rs. 423.26 Cr + 1.53 % + 21.99 %
Financing Profit Rs. 185.77 Cr Rs. 149.68 Cr Rs. 172.8 Cr + 15.45 % -6.98 %
Net Profit Rs. 273.51 Cr Rs. 287.29 Cr Rs. 303.18 Cr + 5.53 % + 10.85 %
EPS in Rs Rs. 17.27 Rs. 18.14 Rs. 19.15 + 5.57 % + 10.89 %
Gross NPA % 1.7 % 1.44 % 1.37 % -0.07 % -0.33 %
Net NPA % 0.99 % 0.65 % 0.46 % -0.19 % -0.53 %


In reviewing Tamilnad Mercantile Bank Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 10.61 % year-on-year growth, however, there was a minor increase of 4.39 % from the previous quarter. Interest expenses climbed by 3.74 % quarterly and sharply by 9.6 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 21.99 % compared to the previous year, with a 1.53 % increase quarter-on-quarter. Financing Profit dropped by -6.98 % annually, and saw a 15.45 % increase from the last quarter.
Net Profit showed yearly increase of 10.85 %, and experienced a 5.53 % increase from the previous quarter. Earnings Per Share (EPS) rose by 10.89 % annually, however rose by 5.57 % compared to the last quarter. Gross NPA% decreased by -0.07 % quarterly and fell by -0.33 % annually, showcasing improvements in asset quality. Net NPA% worsened by -0.19 % quarterly and decreased by -0.53 % annually, showcasing effective recovery and risk management strategies. In essence, while Tamilnad Mercantile Bank Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

[my_shortcode1 values=”Tamilnad Mercantile Bank Limited”]

Join our telegram for more updates

Stay Updated with Our YouTube Videos

Related Post