TMB Q1 FY27 Net Profit Jumps 35% to ₹411.51 Crore
Tamilnad Mercantile Bank Limited reported a 35% year-on-year increase in net profit to ₹411.51 Crore for the quarter ended June 30, 2026. Total income rose to ₹1,900.79 Crore. Gross NPA improved to 0.69% and Net NPA to 0.17%. Basic EPS stood at ₹25.99.
The substantial increase in net profit and improvement in asset quality metrics are material financial events that are likely to have a significant impact on the company's valuation and investor sentiment.
The bank reported a significant increase in net profit and improved key financial metrics such as NPA ratios and EPS, indicating a positive financial performance.
Tamilnad Mercantile Bank Limited (TMB) announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results on July 27, 2026.
The bank reported a net profit of ₹41,151 Lakhs (₹411.51 Crore) for the quarter, marking a significant increase of approximately 35% compared to ₹30,489 Lakhs (₹304.89 Crore) in the same quarter of the previous year.
Total income for the quarter stood at ₹190,079 Lakhs (₹1,900.79 Crore), an increase from ₹161,747 Lakhs (₹1,617.47 Crore) in the corresponding quarter of the previous year. Interest expended was ₹89,735 Lakhs (₹897.35 Crore), while other income was ₹23,836 Lakhs (₹238.36 Crore).
Operating expenses amounted to ₹39,237 Lakhs (₹392.37 Crore), with employee costs at ₹20,924 Lakhs (₹209.24 Crore).
Key financial ratios showed improvement. The Capital Adequacy Ratio (CAR) under Basel III was 32.33%, with Common Equity Tier 1 (CET1) ratio at 31.30%. Gross Non-Performing Assets (NPA) decreased to 0.69% from 1.22% in the previous year's quarter, and Net NPA stood at 0.17% compared to 0.33%.
Basic Earnings Per Share (EPS) was ₹25.99 for the quarter, up from ₹19.25 in the same period last year. Return on Assets (ROA) was 2.14%, and Net Profit Margin was 21.65%.
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