Tamilnad Mercantile Bank Posts 42.09% Net Profit Jump To ₹451 Crore In Q2 FY27, Total Business Grows 27.25%
Mumbai: Tamilnad Mercantile Bank announced on Monday its unaudited financial results for the quarter and half-year ended September 30, 2026, showcasing significant growth across key financial metrics. Profitability and Income The bank's net interest income (NII) rose by 35.17 per cent YoY to ₹807 crore. Operating profit for Q2 FY27 increased by 41.80 per cent YoY to ₹642 crore. Net profit reached…
Tamilnad Mercantile Bank reported a substantial 42.09% surge in net profit to ₹451 crore during the second quarter of FY27, marking a 27.25% growth in total business. Key financial metrics showed a 35.17% rise in net interest income to ₹807 crore, a 41.80% increase in operating profit to ₹642 crore, and a record net profit with earnings per share at ₹28.49.
Deposits surged by 25.49% to ₹69,546 crore, with CASA deposits growing by 16.26% to ₹17,629 crore. The bank's total assets expanded by 24.49% to ₹85,951.42 crore, with advances rising 29.32% to ₹60,691 crore. Non-performing assets decreased, with gross NPA down to 0.61% and net NPA at 0.14%. Profitability improved significantly, with return on equity at 16.92% and return on assets at 2.18%. Branch expansion reached 631, with digital channels handling 97.48% of transactions in Q2 FY27.
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