Tamilnad Mercantile Bank Limited has informed the Exchange about Investor Presentation
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Tamilnad Mercantile Bank submitted its investor presentation for Q1FY26 alongside its unaudited results. Total business grew 9.86% YoY to ₹98,923 crore, driven by deposits up 9.38% to ₹53,803 crore and gross advances up 10.44% to ₹45,120 crore, with the RAM book (Retail, Agriculture, MSME) growing 11.93%. Net profit rose 6.13% YoY to ₹304.89 crore, described as the bank's highest quarterly profit in 104 years, even after absorbing the entire Performance Based Incentive of ₹41.27 crore upfront. Asset quality improved sharply with GNPA falling to 1.22% (from 1.44%) and NNPA to 0.33% (from 0.65%), while slippage ratio dropped 60% YoY to 0.05%. Capital adequacy remains very strong at 31.55% CRAR. However, NIM compressed 28 bps to 3.84% on slower repricing of liabilities after the repo cut, though management flagged that signs of improvement are already visible.
The record quarterly profit and sharp improvement in asset quality are positives for shareholders, but the NIM compression of 28 bps and the 12% drop in operating profit may temper investor enthusiasm. Strong capital position (CRAR of 31.55%) and accelerated deposit growth provide a solid foundation for future expansion.