Tamilnad Mercantile Bank Reports 28% Profit Surge Driven by Record Business Growth
Tamilnad Mercantile Bank profit jumps 28% on strong growth
The Economic TimesImage: The Economic Times
Tamilnad Mercantile Bank announced a 28% increase in net profit for the fourth quarter, reaching ₹374 crore compared to ₹292 crore last year. This growth is attributed to a decade-high business expansion, with advances growing by 20.3% and deposits by 14.9%.
- 01Net profit for Q4 increased by 28% to ₹374 crore.
- 02Operating profit rose by 29% to ₹522 crore.
- 03Total income grew by 16% to ₹1,792 crore.
- 04Net interest margin improved to 4.18% from 3.91%.
- 05Proposed final dividend of ₹12.50 per share.
Advertisement
In-Article Ad
Tamilnad Mercantile Bank reported a 28% increase in its fourth-quarter net profit, reaching ₹374 crore compared to ₹292 crore in the same period last year. This growth is attributed to the bank's highest business expansion in the last decade, as stated by Managing Director Salee S Nair. The bank's operating profit also saw a 29% rise, totaling ₹522 crore, supported by a 16% increase in total income, which reached ₹1,792 crore. The net interest margin improved to 4.18%, up from 3.91% a year ago. For the fiscal year 2026, the bank reported a net profit of ₹1,338 crore, an increase from ₹1,183 crore in FY25. The bank's advances grew by 20.3% year-on-year to ₹53,379 crore, while deposits rose by 14.9% to ₹61,712 crore. Additionally, the bank's asset quality improved, with the gross non-performing assets ratio declining to 0.73% from 1.25% a year earlier. The board has proposed a final dividend of ₹12.50 per equity share, marking a 125% dividend for FY26.
Advertisement
In-Article Ad
The bank's strong financial performance may lead to increased confidence among investors and customers, potentially resulting in more favorable loan terms and higher returns for shareholders.
Advertisement
In-Article Ad
Reader Poll
Do you think Tamilnad Mercantile Bank's growth will continue in the next fiscal year?
Connecting to poll...
More about Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Reports 28% Surge in Net Profit Driven by Core Income Growth
Business Standard • Apr 27, 2026

Tamilnad Mercantile Bank Reports 28% Yearly Profit Growth in Q4 FY26
Business Standard • Apr 27, 2026

Tamilnad Mercantile Bank Shares Surge 13% to Record High Following Strong Q4 Results
Business Standard • Apr 27, 2026
Read the original article
Visit the source for the complete story.



