| Management target | Revenue 22.0% FY27 |
|---|
| Revenue growth | Total business grew 27.25% YoY; interest income up 35.17%. |
|---|---|
| Margins | NIM at 4.19%, up 36 bps YoY but down 10 bps QoQ. |
| Demand visibility | Strong credit demand in RAM segments; advances grew 29.32% YoY. |
| Management confidence | Extremely confident, highlighting highest ever net profit and proactive ECL provisioning. |
Growth
Total business grew 27.25% YoY; advances up 29.32% led by RAM focus (94.33% of book).
Outlook
Management raised guidance for deposit growth to 20%+ and advances growth to 22%+ for FY27.
Risks
NIM compressed 10 bps sequentially due to rising cost of deposits and term deposit mix.
Earnings Call Transcript filed with NSE, NSE: TMB. Summary written with AI assistance from the document.
Tamilnad Mercantile Bank Ltd: key numbers
- Share price
- ₹790.00
- Market cap
- ₹12,510 Cr
- Revenue (annual)
- ₹5,819 Cr
- Net profit (annual)
- ₹1,338 Cr
- P/E (TTM)
- 7.9×Sector 19.7×
- 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 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%.
Tamilnad Mercantile Bank Investor Presentation: Key Takeaways
Q2 FY27: total business ₹1,30,237 Cr (+27.25% YoY), record net profit ₹451 Cr (+42.09%), ROE 16.92%, GNPA 0.61%, NNPA 0.14%.
Tamilnad Mercantile Bank Q2 FY27 Results: Net Profit ₹451.1 Cr, Up 42.1% YoY
Tamilnad Mercantile Bank Ltd reported revenue from operations of ₹1,820 Cr (+28.8% YoY) and net profit of ₹451.1 Cr (+42.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹451.1 Cr · +42.1% YoY
Tamilnad Mercantile Bank Capacity Expansion
Tamilnad Mercantile Bank Limited is opening a new branch in Kadambur, Thoothukudi District. The branch is scheduled to commence operations on October 12, 2026.
- new branches
- 1.0 branches
Tamilnad Mercantile Bank Board Meeting Date
TMB has announced its Board meeting scheduled for 26 October 2026 to consider un-audited Q2/H1 results. The trading window for Designated Persons remains closed from 1 to 28 October 2026.
Tamilnad Mercantile Bank Other Announcement
Tamilnad Mercantile Bank has revised its Repo Linked Lending Rate (RLLR) from 8.25% to 8.50%, effective October 8, 2026.