Tamilnad Mercantile Bank (TMB) has reported a 15 per cent rise in its net profit for the March 2025 quarter, while the profit for the full year FY25 has risen by 10 per cent.
The Board declared a final dividend of ₹11 per equity share of face value ₹10 each (110%) for FY25.
The Thoothukudi (Tamil Nadu)-headquartered old private sector bank posted a net profit of ₹292 crore for Q4 FY25, compared with ₹253 crore in the year-ago quarter. For the full year FY25, net profit surged to ₹1,183 crore from ₹1,072 crore in FY24.
Operating profit was higher at ₹404 crore in the March 2025 quarter compared with ₹367 crore in the year-ago quarter. For FY25, operating profit rose 18 per cent to ₹1,746 crore (₹1,482 crore in FY24), according to a statement.
Interest income grew to ₹5,291 crore in FY25 (₹4,848 crore in FY24), while non-interest income improved to ₹851 crore from ₹645 crore. Net interest income rose to ₹2,301 crore from ₹2,151 crore.
Total expenditure was higher at ₹4,396 crore from ₹4,011 crore.
“We have achieved a year-on-year growth of 10.35 per cent in net profit in FY25, driven by continued growth in our core lending and deposit businesses. This year, we opened 26 new branches across key markets, further strengthening our distribution network. We also entered into several strategic partnerships to digitally transform the bank and enhance operational efficiency,” said Salee S. Nair, MD & CEO, Tamilnad Mercantile Bank Ltd.
As of March 31, 2025, the Gross NPA stood at 1.25 per cent, down from 1.44 per cent a year ago. Net NPA decreased to 0.36 per cent from 0.85 per cent.
Gross advances increased by 11 per cent to ₹44,366 crore, while total deposits grew to ₹53,689 crore from ₹49,515 crore.
The bank’s net worth rose to ₹9,009 crore (₹7,921 crore in FY24), an increase of 14 per cent.
Published on April 23, 2025
