Earnings Review
Tamilnad Bk's Q4 PAT up on growth in interest, other income
This story was originally published at 15:24 IST on 27 April 2026
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--Tamilnad Mercantile Bk Jan-Mar PAT INR 3.74 bln
--Tamilnad Mercantile Bk Jan-Mar PAT INR 3.74 bln vs INR 2.92 bln yr ago
--Tamilnad Mercantile Bk Jan-Mar total income INR 17.92 bln vs INR 15.42 bln
--Tamilnad Mercantile Bk Jan-Mar provisions INR 187.9 mln vs INR 172.2 mln
--Tamilnad Mercantile Bk gross NPA ratio 0.73% on Mar 31 vs 0.91% qtr ago
--Tamilnad Mercantile Bk net NPA ratio 0.18% on Mar 31 vs 0.20% qtr ago
--Tamilnad Mercantile Bk Basel III capital adequacy ratio 33.73% on Mar 31
--Tamilnad Mercantile Bank provision coverage ratio 74.89% on Mar 31
--Tamilnad Mercantile Bank to pay INR 12.50 per share final dividend
--Tamilnad Mercantile Bk FY26 PAT INR 13.38 bln vs INR 11.83 bln yr ago
--Tamilnad Mercantile Bk FY26 total income INR 66.96 bln vs INR 61.42 bln
By Suryash Kumar
MUMBAI – Tamilnad Mercantile Bank Ltd. posted a rise in net profit for the March quarter on year due to a healthy growth in interest earned and other income even as its revenue from treasury declined on year. The bank recorded the fastest growth in net profit in 13 quarters on year.
The bank's net profit rose to INR 3.74 billion for the March quarter, up over 28% on year. Its interest earned rose to INR 15.50 billion, up nearly 16% on year, while other income was at INR 2.42 billion, up 21% on year. However, the bank's revenue from treasury fell to INR 2.84 billion, down over 2% on year.
Revenue from the retail banking segment, which contributed over 75% to the bank's total revenue, grew nearly 21% on year to INR 13.50 billion for the March quarter. The bank's total revenue was at INR 17.92 billion for the March quarter, up over 16% on year. The bank's provisions and contingencies rose 9% on year and 1,153% on quarter to INR 188 million.
The bank's capital adequacy ratio increased to 33.73% as of Mar. 31, up from 32.71% a year ago, while its provision coverage ratio was 74.89%, up from 71.02% a year ago. The bank's gross non-performing assets ratio improved to 0.73% as of Mar. 31, from 1.25% a year ago. Its net non-performing assets ratio halved to 0.18% as of Mar. 31 against a year-ago period.
Tamilnad Mercantile Bank's operating profit rose 29% on year to INR 5.22 billion. Its total income for the financial year 2025-26 (Apr-Mar) was INR 66.96 billion, up over 9%. Its net profit for FY26 was INR 13.38 billion, up over 13% on year. The bank declared a final dividend of INR 12.50 per share. At 1423 IST, shares of the bank traded at INR 688.05 apiece on the National Stock Exchange, up nearly 8%. End
Edited by Akul Nishant Akhoury
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