| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,209 | 1,229 | 1,254 | 1,281 | 1,337 | 1,331 | 1,342 | 1,386 | 1,413 | 1,469 | 1,550 | 1,662 | |
Growth YoY Revenue Growth YoY% | 21.3 | 21.4 | 17.2 | 10.8 | 10.6 | 8.3 | 7.0 | 8.2 | 5.7 | 10.4 | 15.6 | 19.9 |
Interest Expended Interest ExpendedCr | 676 | 692 | 687 | 715 | 741 | 761 | 774 | 807 | 816 | 823 | 846 | 897 |
Expenses ExpensesCr | 347 | 327 | 388 | 417 | 423 | 355 | 382 | 407 | 373 | 375 | 443 | 446 |
| 186 | 210 | 179 | 150 | 173 | 216 | 186 | 173 | 224 | 271 | 262 | 319 | |
FPM FPM% | 15.4 | 17.1 | 14.3 | 11.7 | 12.9 | 16.2 | 13.9 | 12.5 | 15.9 | 18.4 | 16.9 | 19.2 |
| 156 | 158 | 164 | 234 | 227 | 189 | 200 | 231 | 208 | 196 | 242 | 238 | |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 342 | 368 | 343 | 383 | 400 | 404 | 387 | 404 | 432 | 467 | 504 | 557 |
| 68 | 84 | 90 | 96 | 97 | 104 | 95 | 99 | 115 | 125 | 130 | 146 | |
| 274 | 284 | 253 | 287 | 303 | 300 | 292 | 305 | 318 | 342 | 374 | 412 | |
Growth YoY PAT Growth YoY% | 4.3 | 1.6 | 0.0 | 10.0 | 10.8 | 5.6 | 15.3 | 6.1 | 4.7 | 13.7 | 28.0 | 35.0 |
NPM NPM% | 22.6 | 23.1 | 20.2 | 22.4 | 22.7 | 22.6 | 21.8 | 22.0 | 22.5 | 23.2 | 24.1 | 24.8 |
| 17.3 | 17.9 | 16.0 | 18.1 | 19.1 | 19.0 | 18.4 | 19.3 | 20.1 | 21.6 | 23.6 | 26.0 | |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,209 | 1,229 | 1,254 | 1,281 | 1,337 | 1,331 | 1,342 | 1,386 | 1,413 | 1,469 | 1,550 | 1,662 | |
Growth YoY Revenue Growth YoY% | 21.3 | 21.4 | 17.2 | 10.8 | 10.6 | 8.3 | 7.0 | 8.2 | 5.7 | 10.4 | 15.6 | 19.9 |
Interest Expended Interest ExpendedCr | 676 | 692 | 687 | 715 | 741 | 761 | 774 | 807 | 816 | 823 | 846 | 897 |
Expenses ExpensesCr | 347 | 327 | 388 | 417 | 423 | 355 | 382 | 407 | 373 | 375 | 443 | 446 |
| 186 | 210 | 179 | 150 | 173 | 216 | 186 | 173 | 224 | 271 | 262 | 319 | |
FPM FPM% | 15.4 | 17.1 | 14.3 | 11.7 | 12.9 | 16.2 | 13.9 | 12.5 | 15.9 | 18.4 | 16.9 | 19.2 |
| 156 | 158 | 164 | 234 | 227 | 189 | 200 | 231 | 208 | 196 | 242 | 238 | |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBT PBTCr | 342 | 368 | 343 | 383 | 400 | 404 | 387 | 404 | 432 | 467 | 504 | 557 |
| 68 | 84 | 90 | 96 | 97 | 104 | 95 | 99 | 115 | 125 | 130 | 146 | |
| 274 | 284 | 253 | 287 | 303 | 300 | 292 | 305 | 318 | 342 | 374 | 412 | |
Growth YoY PAT Growth YoY% | 4.3 | 1.6 | 0.0 | 10.0 | 10.8 | 5.6 | 15.3 | 6.1 | 4.7 | 13.7 | 28.0 | 35.0 |
NPM NPM% | 22.6 | 23.1 | 20.2 | 22.4 | 22.7 | 22.6 | 21.8 | 22.0 | 22.5 | 23.2 | 24.1 | 24.8 |
| 17.3 | 17.9 | 16.0 | 18.1 | 19.1 | 19.0 | 18.4 | 19.3 | 20.1 | 21.6 | 23.6 | 26.0 | |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 3,252 | 3,381 | 3,250 | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 | 4,848 | 5,291 | 5,819 | 6,096 |
Growth Revenue Growth% | 14.7 | 4.0 | -3.9 | -0.8 | 7.5 | 4.1 | 6.2 | 6.5 | 18.8 | 9.2 | 10.0 | 13.0 |
Interest Expended Interest ExpendedCr | 2,208 | 2,230 | 2,041 | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 | 2,697 | 2,990 | 3,292 | 3,383 |
Expenses ExpensesCr | 780 | 1,049 | 1,366 | 1,212 | 1,231 | 1,355 | 1,470 | 1,276 | 1,327 | 1,490 | 1,505 | 1,637 |
| 264 | 102 | -157 | 18 | 89 | 183 | 346 | 818 | 824 | 811 | 1,022 | 1,076 | |
FPM FPM% | 8.1 | 3.0 | -4.8 | 0.5 | 2.6 | 5.1 | 9.0 | 20.1 | 17.0 | 15.3 | 17.6 | 17.6 |
| 319 | 431 | 506 | 414 | 526 | 644 | 812 | 629 | 645 | 850 | 877 | 884 | |
Depreciation DepreciationCr | 33 | 40 | 40 | 36 | 30 | 29 | 33 | 54 | 75 | 86 | 93 | 0 |
PBT PBTCr | 549 | 492 | 310 | 397 | 585 | 798 | 1,125 | 1,394 | 1,394 | 1,575 | 1,807 | 1,960 |
| 147 | 176 | 88 | 138 | 177 | 195 | 303 | 364 | 322 | 392 | 469 | 516 | |
PAT PATCr | 402 | 317 | 222 | 259 | 408 | 603 | 822 | 1,029 | 1,072 | 1,183 | 1,338 | 1,444 |
Growth PAT Growth% | 6.0 | -21.3 | -29.9 | 16.5 | 57.7 | 48.0 | 36.2 | 25.2 | 4.2 | 10.3 | 13.1 | 20.3 |
NPM NPM% | 12.4 | 9.4 | 6.8 | 8.0 | 11.8 | 16.7 | 21.4 | 25.2 | 22.1 | 22.4 | 23.0 | 23.7 |
| 14,138.0 | 22.2 | 15.6 | 18.1 | 28.6 | 42.3 | 57.7 | 68.1 | 67.7 | 74.7 | 84.5 | 91.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 3,252 | 3,381 | 3,250 | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 | 4,848 | 5,291 | 5,819 | 6,096 |
Growth Revenue Growth% | 14.7 | 4.0 | -3.9 | -0.8 | 7.5 | 4.1 | 6.2 | 6.5 | 18.8 | 9.2 | 10.0 | 13.0 |
Interest Expended Interest ExpendedCr | 2,208 | 2,230 | 2,041 | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 | 2,697 | 2,990 | 3,292 | 3,383 |
Expenses ExpensesCr | 780 | 1,049 | 1,366 | 1,212 | 1,231 | 1,355 | 1,470 | 1,276 | 1,327 | 1,490 | 1,505 | 1,637 |
| 264 | 102 | -157 | 18 | 89 | 183 | 346 | 818 | 824 | 811 | 1,022 | 1,076 | |
FPM FPM% | 8.1 | 3.0 | -4.8 | 0.5 | 2.6 | 5.1 | 9.0 | 20.1 | 17.0 | 15.3 | 17.6 | 17.6 |
| 319 | 431 | 506 | 414 | 526 | 644 | 812 | 629 | 645 | 850 | 877 | 884 | |
Depreciation DepreciationCr | 33 | 40 | 40 | 36 | 30 | 29 | 33 | 54 | 75 | 86 | 93 | 0 |
PBT PBTCr | 549 | 492 | 310 | 397 | 585 | 798 | 1,125 | 1,394 | 1,394 | 1,575 | 1,807 | 1,960 |
| 147 | 176 | 88 | 138 | 177 | 195 | 303 | 364 | 322 | 392 | 469 | 516 | |
PAT PATCr | 402 | 317 | 222 | 259 | 408 | 603 | 822 | 1,029 | 1,072 | 1,183 | 1,338 | 1,444 |
Growth PAT Growth% | 6.0 | -21.3 | -29.9 | 16.5 | 57.7 | 48.0 | 36.2 | 25.2 | 4.2 | 10.3 | 13.1 | 20.3 |
NPM NPM% | 12.4 | 9.4 | 6.8 | 8.0 | 11.8 | 16.7 | 21.4 | 25.2 | 22.1 | 22.4 | 23.0 | 23.7 |
| 14,138.0 | 22.2 | 15.6 | 18.1 | 28.6 | 42.3 | 57.7 | 68.1 | 67.7 | 74.7 | 84.5 | 91.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 0 | 143 | 143 | 143 | 143 | 143 | 143 | 158 | 158 | 158 | 158 | 158 |
Reserves ReservesCr | 2,941 | 3,082 | 3,262 | 3,476 | 3,837 | 4,437 | 5,193 | 6,770 | 7,763 | 8,850 | 9,952 | 10,404 |
Deposits DepositsCr | 30,369 | 32,190 | 32,428 | 35,136 | 36,825 | 40,970 | 44,933 | 47,766 | 49,515 | 53,689 | 61,712 | 64,409 |
Borrowings BorrowingsCr | 333 | 0 | 513 | 0 | 324 | 0 | 0 | 525 | 1,301 | 500 | 700 | 1,540 |
Other Liabilities Other LiabilitiesCr | 1,623 | 1,570 | 1,574 | 1,778 | 1,630 | 1,977 | 2,590 | 2,676 | 2,815 | 3,252 | 2,777 | 3,275 |
Total Liabilities Total LiabilitiesCr | 35,266 | 36,984 | 37,920 | 40,533 | 42,759 | 47,527 | 52,858 | 57,895 | 61,552 | 66,450 | 75,300 | 79,786 |
| 211 | 246 | 271 | 284 | 311 | 312 | |||||||
Investments InvestmentsCr | 8,865 | 11,504 | 10,364 | 9,107 | 9,467 | 11,703 | 13,242 | 14,156 | 15,263 | 15,101 | 15,693 | 16,202 |
Advances AdvancesCr | 24,617 | 23,346 | 25,360 | 28,308 | 29,401 | 32,953 | 35,522 | 39,882 | 42,422 | 46,615 | 55,035 | 59,199 |
Cash Equivalents Cash EquivalentsCr | 1,599 | 1,946 | 2,004 | 2,920 | 3,737 | 2,705 | 3,852 | 3,582 | 3,568 | 4,408 | 4,215 | |
Other Assets Other AssetsCr | 186 | 188 | 192 | 198 | 154 | 166 | 31 | 30 | 29 | 42 | 46 | 4,073 |
Total Assets Total AssetsCr | 35,266 | 36,984 | 37,920 | 40,533 | 42,759 | 47,527 | 52,858 | 57,895 | 61,552 | 66,450 | 75,300 | 79,786 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 0 | 143 | 143 | 143 | 143 | 143 | 143 | 158 | 158 | 158 | 158 | 158 |
Reserves ReservesCr | 2,941 | 3,082 | 3,262 | 3,476 | 3,837 | 4,437 | 5,193 | 6,770 | 7,763 | 8,850 | 9,952 | 10,404 |
Deposits DepositsCr | 30,369 | 32,190 | 32,428 | 35,136 | 36,825 | 40,970 | 44,933 | 47,766 | 49,515 | 53,689 | 61,712 | 64,409 |
Borrowings BorrowingsCr | 333 | 0 | 513 | 0 | 324 | 0 | 0 | 525 | 1,301 | 500 | 700 | 1,540 |
Other Liabilities Other LiabilitiesCr | 1,623 | 1,570 | 1,574 | 1,778 | 1,630 | 1,977 | 2,590 | 2,676 | 2,815 | 3,252 | 2,777 | 3,275 |
Total Liabilities Total LiabilitiesCr | 35,266 | 36,984 | 37,920 | 40,533 | 42,759 | 47,527 | 52,858 | 57,895 | 61,552 | 66,450 | 75,300 | 79,786 |
| 211 | 246 | 271 | 284 | 311 | 312 | |||||||
Investments InvestmentsCr | 8,865 | 11,504 | 10,364 | 9,107 | 9,467 | 11,703 | 13,242 | 14,156 | 15,263 | 15,101 | 15,693 | 16,202 |
Advances AdvancesCr | 24,617 | 23,346 | 25,360 | 28,308 | 29,401 | 32,953 | 35,522 | 39,882 | 42,422 | 46,615 | 55,035 | 59,199 |
Cash Equivalents Cash EquivalentsCr | 1,599 | 1,946 | 2,004 | 2,920 | 3,737 | 2,705 | 3,852 | 3,582 | 3,568 | 4,408 | 4,215 | |
Other Assets Other AssetsCr | 186 | 188 | 192 | 198 | 154 | 166 | 31 | 30 | 29 | 42 | 46 | 4,073 |
Total Assets Total AssetsCr | 35,266 | 36,984 | 37,920 | 40,533 | 42,759 | 47,527 | 52,858 | 57,895 | 61,552 | 66,450 | 75,300 | 79,786 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -18 | 753 | -389 | 1,498 | 567 | -670 | 1,325 | -1,270 | -611 | 1,899 | -101 | |
| -62 | -38 | -26 | -34 | -20 | -37 | -107 | -89 | -100 | -99 | -118 | |
| 245 | -368 | 472 | -547 | 269 | -324 | -71 | 1,088 | 697 | -960 | 26 | |
Net Cash Flow Net Cash FlowCr | 164 | 347 | 58 | 917 | 816 | -1,031 | 1,147 | -270 | -14 | 840 | -193 |
Free Cash Flow Free Cash FlowCr | -81 | 714 | -414 | 1,464 | 547 | -707 | 1,218 | -1,358 | -711 | 1,800 | -219 |
CFO To EBITDA CFO To EBITDA% | -7.0 | 737.0 | 247.9 | 8,453.7 | 640.6 | -367.2 | 383.5 | -155.2 | -74.1 | 234.2 | -9.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -18 | 753 | -389 | 1,498 | 567 | -670 | 1,325 | -1,270 | -611 | 1,899 | -101 | |
| -62 | -38 | -26 | -34 | -20 | -37 | -107 | -89 | -100 | -99 | -118 | |
| 245 | -368 | 472 | -547 | 269 | -324 | -71 | 1,088 | 697 | -960 | 26 | |
Net Cash Flow Net Cash FlowCr | 164 | 347 | 58 | 917 | 816 | -1,031 | 1,147 | -270 | -14 | 840 | -193 |
Free Cash Flow Free Cash FlowCr | -81 | 714 | -414 | 1,464 | 547 | -707 | 1,218 | -1,358 | -711 | 1,800 | -219 |
CFO To EBITDA CFO To EBITDA% | -7.0 | 737.0 | 247.9 | 8,453.7 | 640.6 | -367.2 | 383.5 | -155.2 | -74.1 | 234.2 | -9.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 6,466 | 7,687 | 6,504 | 9,189 | 14,415 | |||||||
Price To Earnings Price To Earnings | 6.3 | 7.2 | 5.5 | 6.9 | 10.0 | |||||||
Price To Sales Price To Sales | 1.6 | 1.6 | 1.2 | 1.6 | 2.4 | |||||||
Price To Book Price To Book | 0.9 | 1.0 | 0.7 | 0.9 | 1.4 | |||||||
EV To EBITDA EV To EBITDA | 4.2 | 6.6 | 3.2 | 5.5 | 70.6 | |||||||
FPM FPM% | 8.1 | 3.0 | -4.8 | 0.6 | 2.6 | 5.1 | 9.0 | 20.1 | 17.0 | 15.3 | 17.6 | 17.6 |
NPM NPM% | 12.4 | 9.4 | 6.8 | 8.0 | 11.8 | 16.7 | 21.4 | 25.2 | 22.1 | 22.4 | 23.0 | 23.7 |
ROCE ROCE% | 8.2 | 7.7 | 6.5 | 6.2 | 6.6 | 6.3 | 6.3 | 6.1 | 7.0 | 7.2 | 7.0 | 7.0 |
ROE ROE% | 13.7 | 9.8 | 6.5 | 7.2 | 10.2 | 13.2 | 15.4 | 14.9 | 13.5 | 13.1 | 13.2 | 13.7 |
ROA ROA% | 1.1 | 0.9 | 0.6 | 0.6 | 0.9 | 1.3 | 1.6 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 6,466 | 7,687 | 6,504 | 9,189 | 14,415 | |||||||
Price To Earnings Price To Earnings | 6.3 | 7.2 | 5.5 | 6.9 | 10.0 | |||||||
Price To Sales Price To Sales | 1.6 | 1.6 | 1.2 | 1.6 | 2.4 | |||||||
Price To Book Price To Book | 0.9 | 1.0 | 0.7 | 0.9 | 1.4 | |||||||
EV To EBITDA EV To EBITDA | 4.2 | 6.6 | 3.2 | 5.5 | 70.6 | |||||||
FPM FPM% | 8.1 | 3.0 | -4.8 | 0.6 | 2.6 | 5.1 | 9.0 | 20.1 | 17.0 | 15.3 | 17.6 | 17.6 |
NPM NPM% | 12.4 | 9.4 | 6.8 | 8.0 | 11.8 | 16.7 | 21.4 | 25.2 | 22.1 | 22.4 | 23.0 | 23.7 |
ROCE ROCE% | 8.2 | 7.7 | 6.5 | 6.2 | 6.6 | 6.3 | 6.3 | 6.1 | 7.0 | 7.2 | 7.0 | 7.0 |
ROE ROE% | 13.7 | 9.8 | 6.5 | 7.2 | 10.2 | 13.2 | 15.4 | 14.9 | 13.5 | 13.1 | 13.2 | 13.7 |
ROA ROA% | 1.1 | 0.9 | 0.6 | 0.6 | 0.9 | 1.3 | 1.6 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 |
Documents — Tamilnad Mercantile Bank Ltd
Concall Transcript Summaries — Tamilnad Mercantile Bank Ltd