Q2 FY27 profit rises 42% as asset quality improves

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹806.50

prior close

₹781.40

announcement price

In-mkt

timing

Nifty Microcap 250market+0.4%-0.3% vs market

Private Sector Bank peers, median of 19sector+0.2%-0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+1.5

15m

+2.4

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.4-0.3+0.2-0.1

Next day

+1.4pendingpending-0.2+1.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Private Sector Bank peers, median of 19Pending

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AI summary

Tamilnad Mercantile Bank reported Q2 FY27 net profit of ₹451 crore, up 42.09% year on year. Gross advances rose 29.32% to ₹60,691 crore and deposits grew 25.49% to ₹69,546 crore. Net interest margin improved to 4.19%, while gross and net bad-loan ratios fell to 0.61% and 0.14%. The bank estimates an additional ₹385 crore credit provision is needed under new rules from April 2027.

Likely market impact

Strong profit and loan growth are positive, but the ₹385 crore future provisioning need could weigh on earnings and the stock.