TMB Q1FY27 Results: Net Profit Soars 35% to ₹412 Crore, Deposits Grow 19.7%
Tamilnad Mercantile Bank Limited (TMB) reported a 34.97% year-on-year increase in Net Profit to ₹412 Crore for Q1FY27. Total Business grew 23.04% to ₹1,21,715 Crore, with Deposits up 19.71% to ₹64,409 Crore and Advances up 27.01% to ₹57,306 Crore. Gross NPA improved to 0.69%.
The significant financial growth and improved asset quality are material positive developments for the bank and its investors.
The bank reported strong year-on-year growth in net profit, total business, deposits, and advances, along with an improvement in asset quality (lower NPAs).
Tamilnad Mercantile Bank Limited (TMB) announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a significant increase in Net Profit, reaching ₹412 Crore, a growth of 34.97% year-on-year.
Total Business saw a substantial rise of 23.04% year-on-year, reaching ₹1,21,715 Crore. Deposits grew by 19.71% to ₹64,409 Crore, with CASA increasing by 16.94% to ₹16,852 Crore. Advances also showed strong momentum, growing by 27.01% year-on-year to ₹57,306 Crore, with Retail Advances up by 36.28% and Agriculture Advances by 30.09%.
Net Interest Income (NII) increased by 32.01% to ₹765 Crore, and Operating Profit surged by 48.22% to ₹611 Crore. The bank's asset quality improved, with Gross NPA declining to 0.69% and Net NPA to 0.17%. The Capital Adequacy Ratio (CRAR) stood strong at 32.33%.
The bank also highlighted its digital initiatives, including enhancements in customer onboarding, VKYC, and the expansion of its branch network with 6 new branches opened in Q1FY27, bringing the total to 628.
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