ALFA Finder| Revenue guidance | 20.0% → 22.0% Raised by 2.0 percentage points |
|---|---|
| Management target | Revenue 22.0% FY27 |
| Revenue growth | Total business growth raised to 21-22% for FY27. |
|---|---|
| Margins | NIM at 4.29%; management expects to stay above 4% for FY27. |
| Demand visibility | Strong MSME and RAM segment momentum compensating for gold loan stabilization. |
| Management confidence | High; citing seventh consecutive quarter of overdelivering on guidance. |
Growth
Total business grew 23% YoY to INR 1,21,715 Cr; PAT up 34.97% to INR 412 Cr; NII up 32.01%.
Outlook
Raised FY27 guidance: Advances growth 21-22%, Deposit growth 18%, ROE 15%, maintaining GNPA <1%.
Risks
Potential gold loan growth plateauing; SMA uptick in gold loans; ongoing Enforcement Directorate show-cause notice.
Last quarter's promises, checked
Delivered
- CASA growth 15%+ → delivered 22.35% (= BEAT)
- Advances growth 16-17% → delivered 20.32% (= BEAT)
- GNPA target <1% → delivered 0.73% (= BEAT)
Partly delivered
- Deposit growth 13-13.5% → delivered 14.94% (= BEAT, but management cited it as a challenge area)
Missed
- Open 50 branches in FY26 → delivered 44 branches (= MISS)
Investor Presentation filed with BSE, 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
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- new branches
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