TMB Q2 : NET PROFIT UP 42.09% AT RS 451 CR (YOY). STRONG (ON 1ST LOOK)

Net interest income up 35.17% at ₹807 Cr (YOY) v ₹597 Cr. Deposits up 25.49% at ₹69,546 Cr (YOY); advances up 29.32% at ₹60,691 Cr (YOY). Total business up 27.25% at ₹1,30,237 Cr (YOY), highest YoY growth since listing. GNPA 0.61% v 1.01%, NNPA 0.14% v 0.26% (YOY); CRAR 32.39% v 30.96%. ROA 2.18% v 1.85%, ROE 16.92% v 13.77% (YOY); book value ₹680.09 v ₹596.38.

Tamilnad Mercantile Bank Limited

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