Tamilnad Mercantile Bank Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Tamilnad Mercantile Bank reported Q1 FY27 total business growth of 23%, with net profit at an all-time high of Rs 412 crore, up 34.97% year-on-year, and operating profit of Rs 611 crore, up 48.22%. Net interest margin rose to 4.29%, gross NPA fell to 0.69% and capital adequacy stood at 32.33%. Management raised its full-year guidance for deposit and advances growth and disclosed a reduction in an Enforcement Directorate penalty following an Appellate Tribunal order.
Tamilnad Mercantile Bank reported FY26 results with net profit up 28.01% year-on-year to Rs 373.65 crore, advances growth of 20.32% and CASA growth of 22.35%, exceeding the guidance management had given after Q3. Management said net interest margin for the quarter was 4.18%, GNPA stood at 0.73% and net NPA at 0.18%, with asset quality improving across the year. Management also described branch expansion, digital transformation initiatives, and provided segment-wise return on assets for retail, agri and MSME advances for the first time.