Tamilnad Mercantile Bank Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported net interest income was INR 5,370.3 million compared to INR 5,342.7 million a year ago. Net income was INR 2,842.3 million compared to INR 2,797 million a year ago. Basic earnings per share from continuing operations was INR 17.95 compared to INR 17.66 a year ago. Diluted earnings per share from continuing operations was INR 17.95 compared to INR 17.66 a year ago.
For the nine months, net interest income was INR 15,838.4 million compared to INR 15,668.4 million a year ago. Net income was INR 8,189.7 million compared to INR 7,762.1 million a year ago. Basic earnings per share from continuing operations was INR 51.72 compared to INR 52.13 a year ago. Diluted earnings per share from continuing operations was INR 51.72 compared to INR 52.13 a year ago.