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Tamilnad Mercantile Bank Results: Latest Quarterly Results & Analysis

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Tamilnad Mercantile Bank Ltd. 28 Oct 2025 11:40 AM
Result PDF

Q2FY26 Quarterly Result Announced for Tamilnad Mercantile Bank Ltd.

Tamilnad Mercantile Bank announced Q2FY26 results

  • Net profit has surged to Rs 318 crore from Rs 303 crore, up by 4.95%.
  • Net NPA has decreased to 0.26% from 0.46%, improved by 20 bps.
  • PCR (without technical written off) has increased to 74.36% from 66.40%.
  • Total SMA to Gross Advances has reduced to 2.67% from 4.16%, came down by 149 bps.
  • The CRAR % has increased to 30.96% from 29.59%, improved by 137 bps.
  • Book value of share has increased to Rs 596.38 from Rs 532.37.
  • The Net Interest Income is at Rs 597 crore for the quarter Q2FY26 as against Rs 596 Crore for Q2FY25 registering a growth rate of 0.17%.
  • The Bank’s Networth has increased to Rs 9,444 crore (Q2FY25 Rs 8,430 crore) with an absolute rise of Rs 1,014 crore registering a growth rate of 12.03%.
  • The RAM segment has increased to 94.59% for Q2FY26 as against 92.34% for Q2FY25.
  • Total Business grew by 11.40%, highest year on year growth since listing.
  • Deposits grew by 12.32% on YoY basis, deposits has increased to Rs 55,421 crore (Q2FY25 Rs 49,342 crore).
  • The Bank’s CASA has increased to Rs 15,163 crore (Q2FY25 Rs 13,873 crore).
  • The advance level of the Bank has increased to Rs 46,930 crore with a growth rate of 10.34% on YoY basis.
  • Lowest GNPA in the last 10 years @1.01%

Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, said: “We have achieved the highest ever quarterly Net Profit in Q2FY26, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this quarter, we have opened 9 new branches, across key markets, further strengthening our distribution network. We have also entered into several strategic partnerships for the digital transformation of the bank and increasing operational efficiency to enhance customer service. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.”

Result PDF

Result PDF

Tamilnad Mercantile Bank announced Q1FY26 results

  • Net profit has surged to Rs 305 crore from Rs 287 crore, up by 6.27%.
  • Gross NPA has decreased to 1.22% from 1.44%, improved by 22 bps.
  • Net NPA has decreased to 0.33% from 0.65%, improved by 32 bps.
  • PCR has increased to 94.32% from 90.27%
  • Total SMA to Gross Advances has reduced to 3.05% from 4.98%, came down by 193 bps.
  • The CRAR % has increased to 31.55% from 29.21%, improved by 234 bps.
  • Book value of share has increased to Rs 589.09 from Rs 520.63
  • The Bank’s deposits has increased to Rs 53,803 crore (PY Rs 49,188 crore)
  • The advance level of the Bank has increased to Rs 45,120 crore with a growth rate of 10.44% on YoY basis.
  • The Net Interest Income is at Rs 580 crore for the quarter Q1FY26 as against Rs 567 crore for Q1FY25 registering a growth rate of 2.29%.
  • The Bank’s Net worth has increased to Rs 9,328 crore (PY Rs 8,244 crore) with an absolute rise of Rs 1084 crore registering a growth rate of 13.15%
  • The RAM segment has increased to 93.31% for Q1FY26 as against 92.07% for Q1FY25.

Salee S Nair, MD & CEO, Tamilnad Mercantile Bank said, “We have achieved the highest ever quarterly Net Profit in Q1FY26, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this year, we have opened 7 new branches in this quarter across key markets, further strengthening our distribution network. We have also entered into a several strategic partnerships for a digital transformation of the bank and increasing operational efficiency to enhance customer growth. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.”

Result PDF

Tamilnad Mercantile Bank announced Q4FY25 & FY25 results

Q4FY25 Financial Highllights:

  • Total Income Rs 6,142 crore YoY Growth: 12%
  • Net Profit Rs 1,183 crore YoY Growth: 10%
  • Operating Profit Rs 1,746 crore YoY Growth: 18%
  • Interest Income Rs 5,291 crore YoY Growth: 9%

FY25 Financial Highllights:

  • Total Business increased to Rs 98,055 crore from Rs 89,485 crore, YoY growth of 9.58%.
  • The RAM segment increased to 93% from 91%, up 200 Bps YoY.
  • Total Income increased to Rs 6,142 crore from Rs 5,493 crore, YoY growth of 11.82%.
  • Interest Income improved to Rs 5,291 crore from Rs 4,848 crore, YoY growth of 9.14%.
  • Net profit surged to Rs 1,183 crore from Rs 1,072 crore ,YoY growth of 10.35%.
  • Book value per share increased to Rs 569 from Rs 500, YoY growth of 13.80%.
  • The CRAR% increased to 32.71% from 29.37%, up 334 Bps YoY.
  • Total SMA to Gross Advances declined to 2.55% from 3.97%, down 142 Bps YoY.
  • Stressed Assets ratio decreased to 2.01% from 2.70%, down 69 Bps YoY.
  • Gross NPA decreased to 1.25% from 1.44% improved by 19 Bps.
  • Net NPA decreased to 0.36% from 0.85% improved by 49 Bps.
  • ROA improved to 1.88% from 1.84%.

Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, said: “We have achieved YoY growth of 10.35% in Net Profit in FY25, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this year, we have opened 26 new branches across key markets, further strengthening our distribution network. We have also entered into a several strategic partnerships for a digital transformation of the bank and increasing operational efficiency to enhance customer growth. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.”

Result PDF

Tamilnad Mercantile Bank announced Q3FY25 results

  • Operating Profit has improved to Rs 408 crore from Rs 370 crore, registering a growth of 10%.
  • Net profit has surged to Rs 300 crore from Rs 284 crore, up by 6%.
  • Non-Interest Income has improved to Rs 189 crore from Rs 158 crore, an increase of 20%.
  • Gross NPA has decreased to 1.32% from 1.69%, improved by 37 bps.
  • Net NPA has decreased to 0.41% from 0.98%, improved by 57 bps.
  • PCR has increased to 69.07% from 41.93%.
  • Total SMA to Gross Advances has reduced to 3.77% from 5.34%, came down by 157 bps.
  • The CRAR% has increased to 29.35 % from 25.95%, improved by 340 bps.
  • Book value of share has increased to Rs 550.38 from Rs 484.25.
  • Total Business growth crossed 10% YoY.

Result PDF

Tamilnad Mercantile Bank announced Q2FY25 results

  • Operating Profit has improved to Rs 465 crore from Rs 365 crore, registering a growth of 27.40%.
  • Net profit has surged to Rs 303 crore from Rs 274 crore, up by 10.58%.
  • The NIM has increased to 4.25% from 4.10%, an increase by 15 bps.
  • Non Interest Income has improved to Rs 227 crore from Rs 156 crore, an increase of 45.51%.
  • Gross NPA has decreased to 1.37% from 1.70%, improved by 33 bps.
  • Net NPA has decreased to 0.46% from 0.99%, improved by 53 bps.
  • PCR has increased to 66.40% from 41.96%.
  • Total SMA to Gross Advances has reduced to 4.16% from 5.59%, came down by 143 bps.
  • ROA has improved to 1.94% from 1.89%.
  • The CRAR % has increased to 29.59% from 26.04%, improved by 355 bps.
  • Book value of share has increased to Rs 532 from Rs 466.
  • The Bank’s deposits has increased to Rs 49,342 crore (PY Rs 47,314 crore).
  • The advance level of the Bank has increased to Rs 42,533 crore with a growth rate of 12.59% as YOY basis.
  • The Net Interest Income is at Rs 596 crore for the quarter Q2FY25 as against Rs 533 for Q2FY24 registering a growth rate of 11.89%.
  • The Bank’s Networth increased to Rs 8430 crore (PY Rs 7,384 crore) with an absolute rise of Rs 1,046 crore registering a growth rate of 14.17%.
  • The RAM segment has increased to 92% for the Q2FY25 as against 91% for Q2FY24.

Result PDF

Tamilnad Mercantile Bank announced Q1FY25 results:

  • Operating Profit has increased to Rs 469 crore from Rs 380 crore YoY
  • Net profit has surged to Rs 287 crore from Rs 261 crore YoY
  • The NIM has increased to 4.12% from 4.00% YoY
  • Interest income has improved to Rs 1,281 crore from Rs 1,156 crore YoY
  • Non Interest Income has improved to Rs 234 crore from Rs 167 crore YoY
  • Total income has moved to Rs 1,515 crore from Rs 1,323 crore YoY
  • The CRAR% has increased to 29.21% from 26.57% YoY
  • Book Value of Share has increased to Rs 520 from Rs 454 YoY
  • Total Business has increased to Rs 90,041 crore from Rs 84,300 crore YoY
  • CASA has increased to Rs 13,789 crore from Rs 13,101 crore YoY
  • The RAM segment has increased to 92% from 90% YoY
  • Total SMA to Gross Advances has reduced to 4.98% from 7.16% YoY
  • Stressed Assets ratio has decreased to 2.55% from 3.21% YoY

Result PDF

Tamilnad Mercantile Bank announced Q1FY24 results:

  • Net worth has increased to Rs 7,190 crore from Rs 5,427 crore YoY
  • The Bank’s deposits have increased to Rs 47,008 crore (PY same period Rs 43,233 crore)
  • The advance level of the Bank has increased to Rs 37,292 crore with a growth rate of 10.26%
  • Book value of the share has increased to Rs 454 from Rs 381 YoY
  • Net profit has surged to Rs 261 crore from Rs 234 crore YoY
  • Interest Income has improved to Rs 1,156 crore from Rs 1,002 crore YoY
  • Non Interest Income has moved to Rs 167 crore from Rs 140 crore YoY
  • The RAM segment has increased to 90% from 88% YoY
  • GNPA has declined to 1.56% from 1.69% YoY
  • NNPA has dropped to 0.66% from 0.93% YoY
  • The Bank has been giving continued thrust on advances to Priority Sectors like Agriculture, MSME, Education, Housing etc. constituting 75% of its ANBC, above the regulatory requirement of 40%.
  • The Advances to Priority sector has increased to Rs 27,805 crore (PY Rs 24,839 crore) with a growth rate of 12%.
  • The Bank’s Advances to Agriculture sector stood at Rs 12,231 crore. The Advances to Agriculture Sector constitute 32.80% of total advances, above the regulatory requirement of 18%.
  • Credit to MSME sector has increased to Rs 13,311 crore (PY Rs 12,588 crore)

 

 

Result PDF

Tamilnad Mercantile Bank announced FY23 & Q4FY23 results:

  • FY23:
    • The Bank’s deposit has increased to Rs 47,766 crore in FY23 vs Rs 44,933 crore in FY22
    • The advance level of the Bank has increased to Rs 37,582 crore with a growth rate of 11.36 %
    • The Operating Profit is at Rs 1,573 crore as in FY23 as against Rs 1,516 crore for Q4FY22
    • The Net Profit is at Rs 1,029 crore for FY23 as against Rs 822 crore for FY22 registering the growth rate of 25.18%
    • The Net Interest Income (NII) has increased to Rs 2,094 in FY23 (Rs 1,815 crore in FY22) registering a growth rate of 15.37%
    • Return on Asset at 1.97 % & Return on Equity at 16.78 % (PY 1.66 % and 16.58 % respectively)
    • The Bank’s Net worth increased to 6,928 crore in FY23 (Rs 5,336 crore in FY22) with an absolute rise of Rs 1,592 crore registering a growth rate of 29.84 %
    • The Gross NPA as a percentage of total advances stood at 1.39 % and the net NPA stands at 0.62 %. (PY 1.69% and 0.95 % respectively)
    • Provision Coverage Ratio of the Bank increased to 90.90 % (PY 87.92 %)
  • Q4FY23:
    • During Q4FY23 – CASA increased by 6.88% Q3FY23
    • During Q4FY23 the total deposits increased by 11.25% over Q3FY23 & by 8.97% over the Q4FY22
    • While the advances of the Bank increased by about 8% during Q4FY23 over the position as in Q3FY23, it increased by 11.36% over the position as on Q4FY22
    • The net interest income during the Q4FY23 increased by 7.99% over Q4FY22
    • The Net Profit of Rs 253.05 crore for Q4FY23 is higher by 11.45% of the net profit during Q4FY22
  • Board of Directors have recommended a dividend of 100% (of which 50% has already been paid in Mar’23 as interim dividend)

 

 

 

Result PDF

Tamilnad Mercantile Bank announced Q2FY23 results:

  • The Bank’s deposits has increased to Rs 43,136.65 crore (PY Rs 41,022.21 crore)
  • The Bank’s CASA position has increased to Rs 13,192.64 crore with a growth rate of 15.32%
  • The advance level of the Bank has increased to Rs 34,876.53 crore with a growth rate of 10.38%
  • The Operating Profit is at Rs 763.63 Crore (PY Rs 688.94 Crore)
  • The Net Profit is at Rs 496.51 crore (PY Rs 392.08 Crore) registering a growth rate of 26.63%.
  • The Net Interest Income (NII) has increased to Rs 1,032.57 Crore (PY Rs 874.75 Crore) registering a growth rate of 18.04%.
  • Net Interest Margin at 4.47% (PY 4.04%)
  • Return on Asset at 1.93% & Return on Equity at 16.84% (PY 1.63% and 16.53% respectively)
  • The Bank’s Net worth increased to Rs 6,461.20 crore (PY Rs 4,905.87 crore) with an absolute rise of Rs 1,555.33 crore registering a growth rate of 31.70%
  • The Gross NPA as a percentage of total advances stood at 1.70% and the net NPA stands at 0.86%. (PY 3.31% and 1.79% respectively)
  • The Provision Coverage Ratio of the Bank increased to 88.58% (PY 80.50%)

 

Result PDF

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