Tamilnad Mercantile Bank Limited has informed the Exchange about Investor Presentation
TMB · price
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TMB presented strong FY26 results under new ex-SBI leadership (MD appointed Aug '24, CFO Mar '25). Total business reached ₹1,15,092 Cr with advances up 20.32% YoY to ₹53,379 Cr and deposits up 14.94% YoY to ₹61,712 Cr. Asset quality is best-in-class: GNPA at 0.73% (10-year low), NNPA at 0.18%, and PCR at 96.14%. Credit cost extremely low at 0.03%. NIM recovered to 4.18% in Q4FY26 from 3.91% in Q4FY25, with FY26 NIM at 3.98%. PAT grew 13.10% to ₹1,338 Cr, with ROA at 1.93% and ROE at 13.99%. All Q4 guidance targets exceeded across CASA (+22.35% vs 15%+ guidance), advances (+20.32% vs 16-17% guidance), and profitability metrics. Branch expansion on track with 622 branches (30% outside Tamil Nadu target). Digital transactions at 96.85%. Gold loan portfolio ₹24,790 Cr has GNPA <0.01%.
Strong delivery under new leadership with superior asset quality and clear valuation rerating potential given TMB trades at ~1.15x P/B vs peer average of 1.5x despite best-in-class ROA of 1.93%. Management demonstrated track record of exceeding guidance across all key metrics.