ALFA Finder| Margins | NIM recovered to 4.18% in Q4FY26; targeting 3.80-3.95% long-term. |
|---|---|
| Demand visibility | Strong growth in MSME and Gold Loan portfolios. |
| Management confidence | High; management states they 'steward a 104-year institution', not just quarters. |
Growth
PAT grew 13.10% YoY to ₹1,338 Cr; Advances grew 20.32% YoY to ₹53,379 Cr; Deposits up 14.94% to ₹61,712 Cr.
Outlook
Targeting 15-20% MSME growth, 60 new branches for FY27, and NIM expansion to 3.80-3.95% range.
Risks
Gold price shocks impacting LTV, CASA competition, and regulatory/legal disputes regarding historical share transfers.
Earnings Call filed with NSE, NSE: TMB. Summary written with AI assistance from the document.
Tamilnad Mercantile Bank Ltd: key numbers
- Share price
- ₹908.40
- Market cap
- ₹14,385 Cr
- Revenue (annual)
- ₹5,819 Cr
- Net profit (annual)
- ₹1,338 Cr
- P/E (TTM)
- 9.1×Sector 20.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 6.85%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tamilnad Mercantile Bank Ltd
All →Tamilnad Mercantile Bank Capacity Expansion
Tamilnad Mercantile Bank will open two new branches, at Adoni (Andhra Pradesh) on 11.11.2026 and Thoothukudi Anna Nagar. The filing is an intimation under Regulation 30 of the bank's branch expansion.
- new branches
- 2.0 branches
Tamilnad Mercantile Bank Other Announcement
Tamilnad Mercantile Bank revised its MCLR rates effective November 7, 2026. The one-year MCLR rises from 9.35% to 9.45%.
Tamilnad Mercantile Bank Employee Stock Options
Tamilnad Mercantile Bank allotted 2,364 equity shares to employees exercising options under its ESOP 2024. Paid-up capital rises to 15,83,53,818 shares.
Tamilnad Mercantile Bank Results Correction
TMB clarified its ₹304.24 crore ECL provision is proactive, not a regulatory shortfall. The ECL framework applies from April 2027 under RBI rules.
Tamilnad Mercantile Bank Business Update
Tamilnad Mercantile Bank won two Oracle Excellence Awards 2026 for Customer and Employee Experience at Oracle AI World, Las Vegas. The recognition highlights the bank's digital excellence with no monetary value attached.
Tamilnad Mercantile Bank Results Update
TMB's press release reports Q2 net profit up 42.09% to ₹451 Crore. Total business rose 27.25%, and gross NPA fell to a 10-year low of 0.61%.