Tamilnad Mercantile Bank (NSE:TMB, BOM:543596) net profit increased to 3.18 billion Indian rupees in the fiscal second quarter from 3.03 billion rupees a year ago, according to an Indian bourse filing on Monday.
Earnings per share for the quarter ended Sept. 30 climbed to 20.05 rupees from 19.15 rupees a year earlier.
Interests earned by the lender rose year on year to 14.1 billion rupees from 13.4 billion rupees, the filing said.
Shares of the company rose over 2% in Tuesday's trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.