Tamilnad Mercantile Bank Limited has informed the Exchange regarding a press release dated April 27, 2026, titled "Audited Financial Results for the Quarter and Financial Year Ended March 31, 2026".
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Tamilnad Mercantile Bank reported strong FY26 results with total business growing 17.37% to ₹1,15,091 crore. Net profit increased 13.10% to ₹1,337.55 crore while operating profit rose 6.27% to ₹1,855.23 crore. Asset quality improved significantly with gross NPA falling 52 basis points to 0.73% and net NPA dropping to 0.18% from 0.36%. Deposits grew 14.94% to ₹61,712 crore while advances increased 20.32% to ₹53,379 crore. CASA deposits surged 22.35% to ₹17,365 crore. The bank opened 44 new branches during FY26 and recommended a dividend of ₹12.50 per share. CRAR strengthened to 33.73% and book value per share rose to ₹638.46.
The bank delivered its highest-ever quarterly profitability with strong growth across advances, deposits and CASA while significantly improving asset quality. The healthy capital position and improving efficiency metrics suggest solid fundamentals. The dividend recommendation provides immediate shareholder回报. These results should be positive for the stock given the improvement in key metrics.