Bank continues to perform well. Probably the best among the small size banks in terms of numbers. BUT Promoter issue is a big overhang. Hope there is some movement or clarity on that soon.
TMB Ltd - Q3FY25:
Interest Income : 1331.02Cr ( -0.48% QoQ )
Total Income : 1,519.94Cr ( -2.87% QoQ )
PPOP : 407.70Cr ( -12.36% QoQ )
Net Profit : 300.24Cr (-0.97% QoQ)
Advances : 43,649.59Cr ( 2.55% QoQ )
Deposits : 50,392Cr ( 2.12% QoQ )
BVPS : Rs. 550.38
NIM : 4.00%
GNPA : 1.32%
NNPA : 0.41%
Cost to Income : 46.31%
The bank’s growth rate is currently lagging behind its peers, although asset quality remains robust. Q4 is expected to be a strong quarter for the bank. Given the current growth trajectory, I anticipate the bank to close FY25 with Rs. 1190 Cr as net profit, a 11% YoY increase.
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