Tamilnad Mercantile Bank Quarterly Results

Pros & Cons

POSITIVES

Consistent improvement in net interest margin indicates effective asset-liability management.
Strong loan growth in the latest quarter signals increased market competitiveness.
Cost-to-income ratio has declined, showcasing better operational efficiency.

NEGATIVES

High non-performing assets (NPAs) remain a concern, affecting profitability.
Slower growth in fee-based income may limit revenue diversification.
Rising provisioning for bad loans could pressure net profits in upcoming quarters.

Field	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	1,209.16	1,229.15	1,253.71	1,281.15	1,337.41	1,331.02	1,341.68	1,386.24
Expenses	1,000.10	1,016.93	1,051.06	1,046.03	1,099.68	1,112.24	1,138.06	1,205.21
Financing Profit	209.06	212.22	202.65	235.12	237.73	218.78	203.62	181.03
Other Income	156.06	157.98	163.90	233.72	227.47	188.92	200.38	231.23
Depreciation	0	0	0	0	0	0	0	0
Profit Before Tax	341.83	367.83	343.01	383.40	400.27	404.44	386.78	403.92
Tax	68.32	83.60	89.95	96.11	97.09	104.20	94.88	99.03
Net Profit	273.51	284.23	253.06	287.29	303.18	300.24	291.90	304.89
Gross Npa %	1.70	1.69	1.44	1.44	1.37	1.32	1.25	1.22
Net Npa %	0.99	0.98	0.85	0.65	0.46	0.41	0.36	0.33