Tamilnad Mercantile Bank's Q4FY25 profit jumps 15% to Rs 292 crore

Tamilnad Mercantile Bank

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26 Aug, 2025 12:21

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Tamilnad Mercantile Bank Ltd. (TMB) on April 24 announced a net profit growth of 15.4 percent year-on-year to Rs 2912 crore, up from Rs 253.1 crore in the same period last year.

For the full year, net profit jumped 10.3 percent to a record Rs 1,182.6 crore, compared with Rs 1,072.0 crore in FY24.

Total income for the quarter grew 8.8 percent to Rs 1,542.1 crore, underpinned by a 22.3 percent jump in non-interest income to Rs 200.4 crore.

Interest income stood at Rs 1,341.7 crore, up 7 percent.

Net interest margin (NIM) was 3.87 percent for Q4, while FY25 NIM averaged 3.96 percent.

Operating profit for Q4 increased 10.1 percent to Rs 404 crore, aided by flat operating expenses of Rs 364.3 crore.

Employee costs declined by 6 percent, even as the bank invested in digital platforms.

For FY25, operating profit surged 17.8 percent to Rs 1,745.7 crore.

NPA fell to 0.36 percent from 0.85 percent a year ago.

The combined stressed assets ratio (SMA + NPA) improved to 3.80 percent of advances, a 161 bps decline year-over-year.

The bank’s capital adequacy remained robust, with a CRAR of 32.71 percent (up 334 bps year-over-year) and CET 1 at 26.26 percent.

The lender’s CASA ratio stood at 26.44 percent and credit deposit ratio at 82.64 percent.

TMB’s total business grew 9.6 percent year-over-year to Rs 98,055 crore as of March 31, 2025.

Advances rose 11.0 percent to Rs 44,366 crore, with the retail agri–MSME (RAM) segment accounting for 93 percent of the advances mix.

Deposits increased 8.4 percent to Rs 53,689 crore.

Management, in its investor presentation, highlighted initiatives such as the Transaction Banking Group, Global NRI Centre, and the new DEH internet banking platform to bolster retail and corporate liabilities.

The Credit Management Center pilot in Thoothukudi will expand to 12 regions by Q1 FY26, supporting digital loan disbursements and collections, it said.