Tamilnad Mercantile Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highllights: Total Income Rs 6,142 crore YoY Growth: 12% Net Profit Rs 1,183 crore YoY Growth: 10% Operating Profit Rs 1,746 crore YoY Growth: 18% Interest Income Rs 5,291 crore YoY Growth: 9% FY25 Financial Highllights: Total Business increased to Rs 98,055 crore from Rs 89,485 crore, YoY growth of 9.58%. The RAM segment increased to 93% from 91%, up 200 Bps YoY. Total Income increased to Rs 6,142 crore from Rs 5,493 crore, YoY growth of 11.82%. Interest Income improved to Rs 5,291 crore from Rs 4,848 crore, YoY growth of 9.14%. Net profit surged to Rs 1,183 crore from Rs 1,072 crore ,YoY growth of 10.35%. Book value per share increased to Rs 569 from Rs 500, YoY growth of 13.80%. The CRAR% increased to 32.71% from 29.37%, up 334 Bps YoY. Total SMA to Gross Advances declined to 2.55% from 3.97%, down 142 Bps YoY. Stressed Assets ratio decreased to 2.01% from 2.70%, down 69 Bps YoY. Gross NPA decreased to 1.25% from 1.44% improved by 19 Bps. Net NPA decreased to 0.36% from 0.85% improved by 49 Bps. ROA improved to 1.88% from 1.84%. Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, said: “We have achieved YoY growth of 10.35% in Net Profit in FY25, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this year, we have opened 26 new branches across key markets, further strengthening our distribution network. We have also entered into a several strategic partnerships for a digital transformation of the bank and increasing operational efficiency to enhance customer growth. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.” Result PDF
Tamilnad Mercantile Bank announced Q3FY25 results Operating Profit has improved to Rs 408 crore from Rs 370 crore, registering a growth of 10%. Net profit has surged to Rs 300 crore from Rs 284 crore, up by 6%. Non-Interest Income has improved to Rs 189 crore from Rs 158 crore, an increase of 20%. Gross NPA has decreased to 1.32% from 1.69%, improved by 37 bps. Net NPA has decreased to 0.41% from 0.98%, improved by 57 bps. PCR has increased to 69.07% from 41.93%. Total SMA to Gross Advances has reduced to 3.77% from 5.34%, came down by 157 bps. The CRAR% has increased to 29.35 % from 25.95%, improved by 340 bps. Book value of share has increased to Rs 550.38 from Rs 484.25. Total Business growth crossed 10% YoY. Result PDF