TMB Q2 FY27 Earnings Call Transcript Released
Tamilnad Mercantile Bank Limited's Q2 FY27 earnings call transcript is available. The bank reported a record net profit of ₹451 crores, up 42.09% year-on-year, with total business growing 27.25% to ₹1,30,237 crores. Revised FY27 guidance anticipates over 20% deposit growth and over 22% advances growth. Proactive provisioning for ECL norms and a resilient gold loan portfolio were highlighted.
The detailed financial results, record profits, revised growth guidance, and proactive risk management strategies are material information for investors, significantly impacting their assessment of the bank's performance and future prospects.
The announcement details strong financial performance, including record net profit and significant business growth, along with proactive measures for future risks, indicating a positive outlook.
Tamilnad Mercantile Bank Limited (TMB) has released the transcript of its earnings conference call for the second quarter and half-year ended September 30, 2026. The conference call, which took place on October 26, 2026, featured insights from Managing Director & CEO Mr. Salee S. Nair and Chief Financial Officer Mr. Sanjoy Kumar Goel.
During the call, management highlighted a robust performance with total business growth of 27.25% year-on-year, reaching ₹1,30,237 crores. Deposits grew by 25.49% to ₹69,546 crores, and advances increased by 29.32% to ₹60,691 crores. The bank reported a record net profit of ₹451 crores, a 42.09% year-on-year increase, driven by strong net interest income. The Net Interest Margin (NIM) stood at 4.19% year-on-year, although it saw a sequential decline of 10 basis points.
Key financial metrics discussed include a Gross NPA of 0.61% and Net NPA of 0.14%. Capital Adequacy Ratio (CAR) was reported at 32.39%. The bank also detailed its proactive provisioning for Expected Credit Loss (ECL) norms, fully providing for SMA 1 and SMA 2 assets this quarter, in addition to stressed non-fund facilities from the previous quarter. The overall provision for ECL is currently 80% of the calculated ₹385 crores.
Management provided revised guidance for FY27, anticipating deposit growth of over 20% and advances growth of over 22%. The cost-to-income ratio is expected to increase due to ongoing branch expansion and IT investments, but will remain well below 44%. The bank also discussed its gold loan portfolio, emphasizing its resilience with an LTV of 62.35% and the ability to withstand a 20% price reversal. The average gold loan ticket size is ₹2.66 lakhs.
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