| 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
- ₹881.90
- Market cap
- ₹13,965 Cr
- Revenue (annual)
- ₹5,819 Cr
- Net profit (annual)
- ₹1,338 Cr
- P/E (TTM)
- 9.7×Sector 22.0×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 6.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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