What was Tamilnad Mercantile Bank's revenue in Q4 FY26?

Tamilnad Mercantile Bank reported revenue of — in Q4 FY26, a — change year-over-year.

Did Tamilnad Mercantile Bank management deliver on previous promises?

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TAMILNADMERCANTILEBANK Financial Services 2026-04-??

Tamilnad Mercantile Bank Ltd — Q4 FY26

Q: What guidance did Tamilnad Mercantile Bank management give?

Loan growth of ~20% in FY27: Management expects to defend the 20% loan growth achieved in FY26, driven by MSME and retail segments, even if gold loan growth moderates.

Tamilnad Mercantile Bank delivered a strong Q4 FY26, with net profit of ₹373.65 crore (up 28.01% YoY), driven by robust loan growth of 20.32% (22.57% including IBPC sales) and NIM expansion to 4.18%.

Revenue —

EBITDA —

PAT ₹374 Cr +28.01%

EBITDA Margin —

Duration 78 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

Tamilnad Mercantile Bank delivered a strong Q4 FY26, with net profit of ₹373.65 crore (up 28.01% YoY), driven by robust loan growth of 20.32% (22.57% including IBPC sales) and NIM expansion to 4.18%. CASA ratio improved to 28.14% (up 170bps YoY), and asset quality remained pristine with GNPA at 0.73% and NNPA at 0.18%. Management guided for FY27 loan growth of ~20% and deposit growth of ~16%, with ROA expected in the 1.9-2% range. Key risks include potential moderation in gold loan growth if gold prices stabilize, and margin pressure from rising deposit costs and MSME expansion.

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Risk Intelligence

Gold loan growth moderation

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Quarter Snapshot

CASA Ratio 28.14%

+170bps YoY

CASA ratio improved from 26.44% in FY25, driven by current account growth of 25.62% and savings account growth of 21.04%.

Gold Loan Portfolio LTV 53.25%

Flat

Portfolio LTV is calculated on net weight, providing a cushion to withstand a 25% gold price decline without stress.

SMA 0+1+2 as % of Advances 1.29%

-126bps YoY

SMA (special mention accounts) declined sharply, reflecting improving early-stage stress and portfolio quality.

Cost-to-Income Ratio (Normalized) 39.54%

Flat

Normalized for prepaid performance-based incentive of ₹49.80 crore, cost-to-income would be ~39.54%, indicating strong operating leverage.

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Guidance and risk preview

Top guidance Loan growth of ~20% in FY27

Management expects to defend the 20% loan growth achieved in FY26, driven by MSME and retail segments, even if gold loan growth moderates.

Top risk Gold loan growth moderation

If gold prices stabilize, loan growth may slow; management expects MSME and other segments to compensate, but execution risk remains.

View Risks →