Tamilnad Mercantile Bank Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TMB · price
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 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.
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TMB reported Q1 FY26 net profit of ₹30,489 lakhs, up ~6.1% YoY from ₹28,729 lakhs, while total income rose ~6.8% to ₹1,61,747 lakhs. Net interest income strengthened with interest earned growing ~8.2% YoY, but operating profit declined ~12% YoY to ₹41,226 lakhs as operating expenses rose ~20% YoY (employee costs jumped ~24%). Asset quality improved sharply — Gross NPA fell to 1.22% (from 1.44%) and Net NPA to 0.33% (from 0.65%), with Provision Coverage Ratio rising to 73.04%. Capital Adequacy Ratio stood strong at 31.55%, RoA at 1.82%, and EPS at ₹19.25. The auditor flagged a FEMA-related penalty matter in an emphasis-of-matter paragraph.
Steady profit growth and improving asset quality/NPA ratios are positives for shareholders, but the sharp jump in operating expenses (especially staff costs) compressed operating margins and is a near-term watchpoint. The FEMA penalty proceedings are ongoing but largely provided for, limiting further downside surprise.