Earnings Review
Tamilnad Bk in black as provisions dn for 3rd straight qtr
This story was originally published at 21:09 IST on 27 October 2025
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--Tamilnad Mercantile Bank provision coverage ratio 74.36% as on Sept 30
--Tamilnad Mercantile Bk Basel III capital adequacy ratio 30.96% on Sept 30
--Tamilnad Mercantile Bank net NPA ratio 0.26% on Sept 30 vs 0.33% qtr ago
--Tamilnad Mercantile Bk gross NPA ratio 1.01% on Sept 30 vs 1.22% qtr ago
--Tamilnad Mercantile Bank H1 total income INR 32.39 bln vs INR 30.80 bln
--Tamilnad Mercantile Bank Apr-Sept PAT INR 6.22 bln vs INR 5.90 bln yr ago
--Tamilnad Mercantile Bk Jul-Sept provisions INR 200.1 mln vs INR 649.3 mln
--Tamilnad Mercantile Bank Q2 total income INR 16.21 bln vs INR 15.65 bln
--Tamilnad Mercantile Bank Jul-Sept PAT INR 3.18 bln vs INR 3.03 bln yr ago
By Krity Ambey
NEW DELHI – Even as income growth moderated, a sharp fall in provisions helped Tamilnad Marcantile Bank log a net profit in the September quarter. The lender has reported a fall in provisions for the third consecutive quarter in Jul-Sept.
The bank reported a net profit of INR 3.18 billion for the September quarter, up 5% on year. Sequentially, the lender's profit was up 4%.
The bank's total income inched up nearly 4% on year to INR 16.21 billion in the reporting quarter. Out of this, the bank's interest income was INR 14.13 billion, up 5.7% on year. The bank's provisions, on the other hand, fell 69% to INR 200.10 million in the September quarter. As such, the lender's provision coverage ratio rose to 74.36% as of Sept. 30, from 66.40% a year ago. At the end of June quarter, the bank's provision coverage ratio was 73.04%.
The bank's net non-performing assets ratio fell to 0.26% as of Sept. 30 from 0.33% as of Jun. 30 and 0.46% a year ago. The gross non-performing assets ratio of the bank also improved to 1.01% from 1.22% at the end of June. The bank's gross non-performing assets ratio was 1.37% as of Sept. 30, 2024.
The bank's business performance was steady with its advances rising nearly 11% on year to INR 465.90 billion in the September quarter. Its deposits also grew over 12% to INR 554.21 billion. The capital adequacy ratio based on Basel-III norms was 30.96% at the end of September, lower than 31.55% at the end of June but slightly higher than 29.59% at the end of September 2024.
The lender registered 5% growth in net profit for the six months ended Sept. 30 to INR 6.22 billion, primarily on account of an 81% fall in provisions. Its total income for the first half of the financial year was up 5% at INR 32.39 billion. The bank released its financial results after market hours Monday. Its shares closed 1.6% higher at INR 457.30 on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
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