TMB Q2 FY27 Net Profit Surges 42% to ₹451 Crore, Total Business Grows 27%
Tamilnad Mercantile Bank (TMB) reported a Q2 FY27 net profit of ₹451 Crore, up 42.09% YoY. Total business grew 27.25% to ₹1,30,237 Crore. Deposits rose 25.49% to ₹69,546 Crore, and advances increased 29.32% to ₹60,691 Crore. Gross NPA improved to a 10-year low of 0.61%.
The substantial increase in profits, growth in key banking metrics, and reduction in NPAs are material positive developments for the bank, likely to be viewed favorably by investors and stakeholders, thus having a high impact.
The bank has shown significant year-on-year growth in net profit, total business, deposits, and advances, while simultaneously reducing NPAs and improving key financial ratios. This indicates strong financial performance and operational efficiency.
Tamilnad Mercantile Bank Limited (TMB) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on October 26, 2026. The bank reported a net profit of ₹451 Crore for Q2 FY27, marking a significant increase of 42.09% from ₹318 Crore in the same period last year. Total business grew by 27.25% year-on-year to ₹1,30,237 Crore. Deposits increased by 25.49% to ₹69,546 Crore, while advances grew by 29.32% to ₹60,691 Crore. The bank also achieved its lowest Gross NPA in 10 years at 0.61%, with Net NPA decreasing to 0.14%. The Net Interest Income (NII) for the quarter stood at ₹807 Crore, a 35.17% increase from the previous year. The bank's Networth grew by 14.03% to ₹10,769 Crore. TMB also opened 3 new branches during the quarter.
Shri. Salee S Nair, Managing Director and CEO, commented, “Our performance in Q2 FY2027 reflects the strength of our core banking business, with retail banking continuing to be a key contributor and business gaining momentum overall. As we enter the festive season, we see opportunities to support increased business activity across the markets we serve, particularly among traders and MSMEs preparing for higher inventory requirements and working capital needs. With our deep understanding of local businesses and customer relationships built over decades, we are well positioned to support these evolving credit requirements while continuing to serve the financial needs of households. Going forward, our focus will be on building this business momentum, expanding our reach and ensuring that growth is supported by sound underwriting and a sustained commitment to customer service.”
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