ALFA Finder| Margins | NIM improved to 4.29%, up 45 bps YoY. |
|---|---|
| Demand visibility | Strong momentum in Agriculture (30% YoY) and Gold Loan (42% YoY) portfolios. |
| Management confidence | High; citing highest-ever net profit and 7%+ growth over industry average. |
Growth
Net Interest Income grew 32.01% YoY; Operating Profit rose 48.22% YoY. Total business crossed ₹1.21 lakh Cr, up 23.04%.
Outlook
Strong RAM focus (94.38% of advances). Provisioning for ECL already initiated with ₹276 Cr contingency buffer available.
Risks
Slight QoQ compression in Current Account and Retail advances; potential impact of upcoming ECL norms starting FY28.
Last quarter's promises, checked
Delivered
- CASA growth 15%+ → delivered 22.35% (= BEAT)
- Advances growth 16-17% → delivered 20.32% (= BEAT)
- GNPA < 1% → delivered 0.73% (= BEAT)
Partly delivered
- NIM 3.90-3.95% → delivered 3.98% (= BEAT)
- ROA 1.85%+ → delivered 2.05% (= BEAT)
Missed
- Open 50 branches in FY26 → delivered 44 (= MISS)
Investor Presentation filed with NSE, NSE: TMB. Summary written with AI assistance from the document.
Tamilnad Mercantile Bank Ltd: key numbers
- Share price
- ₹894.15
- Market cap
- ₹14,159 Cr
- Revenue (annual)
- ₹5,819 Cr
- Net profit (annual)
- ₹1,338 Cr
- P/E (TTM)
- 9.0×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%.