Tamilnad Mercantile Bank543596Quarterly results

Q2 and H1 FY27 results approved; auditors issue unmodified Limited Review opinion

Board met on October 26, 2026 (12:05 P.M. to 01:35 P.M.) and approved the unaudited results for the quarter and half-year ended September 30, 2026.

By ScoutQuest · Mon 26 Oct 2026, 1:59 PM IST · 2 min read

Standalone · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Total income	205,240	162,146	+26.6%	190,079	+8%
Profit before tax	60,813	43,242	+40.6%	55,714	+9.2%
Profit after tax	45,114	31,751	+42.1%	41,151	+9.6%
Basic EPS	28.49	20.05	+42.1%	25.99	+9.6%

Total income (latest): 205,240 (Year ago 162,146, +26.6%)
Profit after tax (latest): 45,114 (Year ago 31,751, +42.1%)
Total income vs prev qtr: 190,079 (+8%)
Period: Quarter ended 30.09.2026

Auditor's review

Conclusion: Unmodified

Notes to the results

SAFEMA Appellate Tribunal reduced penalties of ₹ 1699 Lakhs and ₹ 225 Lakhs to ₹ 340 Lakhs and ₹ 39 Lakhs; Bank reversed ₹ 1545 Lakhs during the quarter.
Bank continues to hold COVID-19 provision of ₹ 25000 Lakhs; made incremental provision of ₹ 2888 Lakhs on Standard Assets during the quarter.
Bank realized ₹ 24467 Lakhs from sale of PSLC in the half year, of which ₹ 9368 Lakhs recognized under other income.
Bank has no subsidiaries/associates/joint ventures, so consolidated financial statement disclosure is not applicable.

What was approved

The board met on October 26, 2026, from 12:05 P.M. to 01:35 P.M., and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The Audit Committee reviewed and recommended them before board approval, and the Joint Statutory Central Auditors carried out a Limited Review, issuing an unmodified opinion.

Quarterly numbers (Rs. in lakhs)

'Total income': 205,240 for the quarter ended September 30, 2026, against 162,146 in the quarter ended September 30, 2025.
'Net Profit for the period': 45,114, against 31,751 a year earlier. For the half-year it was 86,265, against 62,240.
Basic and diluted EPS: Rs. 28.49 for the quarter and Rs. 54.48 for the half-year (not annualised).
'Operating Profit' (3-6): 64,155 for the quarter.

Asset quality

Gross NPA: Rs. 37,167 lakhs, equal to 0.61% of gross advances (47,445 lakhs and 1.01% a year earlier).
Net NPA: Rs. 8,359 lakhs, or 0.14%.
Provision Coverage Ratio: 77.49% without technical write-off and 96.61% with technical write-off.

Capital and balance sheet

Capital Adequacy Ratio (Basel III): 32.39%; Common Equity Tier 1 ratio 31.36%.
Deposits: Rs. 6,954,583 lakhs as at September 30, 2026, against Rs. 5,542,076 lakhs as at September 30, 2025.
Advances: Rs. 6,042,904 lakhs.
Net worth: Rs. 1,076,936 lakhs.

Segment results for the quarter

Retail Banking: Rs. 51,959 lakhs
Corporate/Wholesale Banking: Rs. 6,234 lakhs
Treasury: Rs. 2,620 lakhs

Other points in the update

4 non-credit fraud cases amounting to Rs. 12.27 lakhs were reported during the half-year; after recovery of Rs. 1.02 lakhs, 100% provision was made for the remaining amount.
A provision of Rs. 164 lakhs is held towards unhedged foreign currency exposure of constituents (Rs. 173 lakhs as at September 30, 2025).
The bank realised Rs. 24,467 lakhs from sale of PSLC during the half-year, of which Rs. 9,368 lakhs was recognised under other income; it paid Rs. 316 lakhs for purchase of PSLC, of which Rs. 45 lakhs was recognised under other expenditure.
158 project-finance accounts were under implementation at the end of the quarter.

What this means for a reader

This is the bank's regular quarterly and half-year results disclosure. The items to note are the 'Total income' and 'Net Profit for the period' lines, the stated NPA percentages, the capital adequacy level and the auditors' unmodified review opinion.

86,265 (Rs. in lakhs)Net Profit for the period, half-year ended 30.09.

Net Profit for the period, quarter ended 30.09.45,114 (Rs. in lakhs)

Profit after tax, quarter41,151 (Rs. in lakhs)

Net Profit for the period, half-year ended 30.09. 86,265 (Rs. in lakhs): Net Profit for the period, quarter ended 30.09. 45,114 (Rs. in lakhs), Profit after tax, quarter 41,151 (Rs. in lakhs).

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