Tamilnad Mercantile Bank Limited has informed the Exchange regarding a press release dated July 25, 2025, titled "Unaudited Financial Results of the Bank for the Quarter Ended June 30,2025".
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Tamilnad Mercantile Bank reported its highest-ever quarterly net profit of ₹305 crore in Q1FY26, up 6.27% from ₹287 crore a year ago. Total deposits grew 9.38% to ₹53,803 crore and total advances rose 10.44% to ₹45,120 crore, pushing total business to ₹98,923 crore. Asset quality improved sharply, with Gross NPA falling to 1.22% (from 1.44%) and Net NPA halving to 0.33% (from 0.65%), while CRAR strengthened to 31.55%. Net Interest Income stood at ₹580 crore (up 2.29%) and book value per share rose to ₹589.09. The bank opened 7 new branches in the quarter and launched three digital initiatives: Oracle CX, a Vendor Management System, and a Business Process Management platform.
Strong Q1 results with record profits, healthy double-digit business growth, and significant improvement in asset quality are positive for shareholders. The strong CRAR of 31.55% provides ample headroom for future lending expansion, and rising book value signals steady long-term value creation.