Tamilnad Mercantile Bank Q2FY27: Net Profit up 42.09% to ₹451 Cr, Total Business up 27.25%
Q2FY27 net profit up 42.09% to ₹451 Cr; total business up 27.25% to ₹1,30,237 Cr; ROE 16.92%, Net NPA 0.14%.
By ScoutQuest · · 1 min read
- Net Profit
- ₹451.14 crore, up 42.09% YoY
- Total Business
- ₹1,30,237 Cr, up 27.25% YoY
- ROE / ROA / Net NPA
- ROE 16.92%, ROA 2.18%, Net NPA 0.14%
- Period
- Q2FY27
- Positioning
- Tamilnad Mercantile Bank presents itself as an AA- (Stable) rated bank with ₹1,30,237 Cr total business, 94.33% of advances in Retail, Agriculture and MSME, and 97.48% of transactions on digital channels.
💰 Net profit for Q2FY27 was ₹451.14 crore, up 42.09% YoY, with net interest income of ₹807.17 crore up 35.17% and operating profit up 41.80%. ROE rose to 16.92% and ROA to 2.18%.
📌 Deposits reached ₹69,546 Cr (up 25.49%) and gross advances ₹60,691 Cr (up 29.32%), with agriculture loans up 35.31%. The company says total business growth is the highest in 18 years and 8%+ faster than the industry.
📌 Asset quality is strong per the bank: Gross NPA 0.61%, Net NPA 0.14%, credit cost 0.09% and PCR 96.61%. Gold loans, at 48.24% portfolio share, carry a 62.35% LTV, and the bank says no gold loans exceed market price unless prices fall 20% or more.
🎯 Management states RAM remains the focus and lists digital lending plans: retail lending on its LOS/LMS targeted to go live in Oct 2026, followed by straight-through sanctions and DIY digital lending.
Also from Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Ltd press release, Q2 FY27
26 Oct 2026
Audio recording of TMB's Investor & Analyst Meet on Q2/H1 FY27 results held October 26, 2026 now on website
26 Oct 2026
Q2 and H1 FY27 results approved; auditors issue unmodified Limited Review opinion
26 Oct 2026
More numbers
- Net Profit, Q2FY27451.14 (₹ in Crores)
- Net Profit growth YoY, Q2FY2742.09%
- Net Interest Income, Q2FY27807.17 (₹ in Crores)
- Operating Profit, Q2FY27641.55 (₹ in Crores)
- Net Profit, H1FY27862.65 (₹ in Crores)
- Total Business, Q2FY27₹1,30,237 Cr
- Total Deposits, Q2FY27₹69,546 Cr
- Gross Advances, Q2FY27₹60,691 Cr
- ROE, Q2FY2716.92%
- Net NPA, Q2FY270.14%
- Gross NPA, Q2FY270.61%
- Capital Adequacy32.39%
- Total Assets as on 30.09.202685,951.42 (₹ in Crores)
- Gold loan portfolio share48.24%
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