| Revenue guidance | 20.0% → 22.0% Raised by 2.0 percentage points |
|---|---|
| Management target | Revenue 22.0% FY27 |
| Revenue growth | Total business growth raised to 21-22% for FY27. |
|---|---|
| Margins | NIM at 4.29%; management expects to stay above 4% for FY27. |
| Demand visibility | Strong MSME and RAM segment momentum compensating for gold loan stabilization. |
| Management confidence | High; citing seventh consecutive quarter of overdelivering on guidance. |
Growth
Total business grew 23% YoY to INR 1,21,715 Cr; PAT up 34.97% to INR 412 Cr; NII up 32.01%.
Outlook
Raised FY27 guidance: Advances growth 21-22%, Deposit growth 18%, ROE 15%, maintaining GNPA <1%.
Risks
Potential gold loan growth plateauing; SMA uptick in gold loans; ongoing Enforcement Directorate show-cause notice.
Last quarter's promises, checked
Delivered
- CASA growth 15%+ → delivered 22.35% (= BEAT)
- Advances growth 16-17% → delivered 20.32% (= BEAT)
- GNPA target <1% → delivered 0.73% (= BEAT)
Partly delivered
- Deposit growth 13-13.5% → delivered 14.94% (= BEAT, but management cited it as a challenge area)
Missed
- Open 50 branches in FY26 → delivered 44 branches (= MISS)
Investor Presentation filed with BSE, NSE: TMB. Summary written with AI assistance from the document.
Tamilnad Mercantile Bank Ltd: key numbers
- Share price
- ₹875.60
- Market cap
- ₹13,865 Cr
- Revenue (annual)
- ₹5,819 Cr
- Net profit (annual)
- ₹1,338 Cr
- P/E (TTM)
- 9.6×Sector 21.9×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 6.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tamilnad Mercantile Bank Ltd
All →Tamilnad Mercantile Bank Capacity Expansion
Tamilnad Mercantile Bank Limited will open a new branch in Thiruvottiyur, Tamil Nadu. The branch is scheduled to commence operations on August 27, 2026.
Tamilnad Mercantile Bank Earnings Call Transcript: Key Takeaways
Tamilnad Mercantile Bank delivered record quarterly results for Q1 FY27, characterized by 23% total business growth and the highest ever net profit in its 105-year history.
- Call
- Guides 20% growth
Tamilnad Mercantile Bank Results Update
Tamilnad Mercantile Bank reported Q1 FY27 results, showing strong growth in business, deposits, and profitability. Net profit surged 34.97% YoY to ₹411.51 crore.
Tamilnad Mercantile Bank Investor Presentation: Key Takeaways
TMB reported robust Q1FY27 performance with Net Profit rising 34.97% YoY to ₹412 Cr. Strategy focuses on 'RAM' advances and maintaining industry-leading capital adequacy at 32.33%.
Tamilnad Mercantile Bank Q1 FY27 Results: Net Profit ₹411.5 Cr, Up 35.0% YoY
Tamilnad Mercantile Bank Ltd reported revenue from operations of ₹1,662 Cr (+19.9% YoY) and net profit of ₹411.5 Cr (+35.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹411.5 Cr · +35.0% YoY
Tamilnad Mercantile Bank Other Announcement
Tamilnad Mercantile Bank Limited has transitioned to a new email domain, '@tmb.bank.in', in compliance with RBI guidelines. The old domain remains active for 30 days.