Tamilnad Mercantile Bank Limited · NSE:TMB
Tamilnad Mercantile Bank — Q2 FY2027 Earnings Presentation
44 slides from Tamilnad Mercantile Bank's earnings presentation, Oct 26, 2026
Slide 1: Exchange filing cover letter
Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : [email protected] CIN: L65110TN1921PLC001908 Ref.No.TMB.SE.83/2026-27 26.10.2026 The Manager The Manager National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Plot No. C/
Slide 2: Q2FY27 Investor Presentation
Tamilnad Mercantile Bank Ltd Bea step ahead in life LEGACY GINED TRANSFORMING FOR GROWTH Q2FY27 | Investor Presentation www.tmb.bank.in
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Tamilnad Mercantile Bank Ltd., (“the Bank”) solely by the Bank for information purposes only. This presentation is not a complete description of the Bank, and the information contained herein is only current as of its date and has not been
Slide 4: Contents
Phygital Expansion Contents os ar ? tS A P&Land all il Balance sheet Business / Financial Performance Performance Highlights
Slide 5: Performance Highlights Q2 FY2026-27
Performance mikelalice hts Q2 FY2026-27
Slide 6: Q2FY27 Highlights: Growth Accelerated. Profit at Record Level
Q2FY27 Highlights: Growth Accelerated. Profit at Record Level Growth: Now in a higher orbit Driving Profitability. Delivering Performance Total Business Growth Profitability ❖ Total Business grew 27.25% YoY ❖ Driven by strong Net Interest Income ❖ ~ 3x the 10-year CAGR of 9.41% ❖ Net Profit highest
Slide 7: Scale and Returns: Net Profit Up 42.09%; ROE at 16.92%
Scale and Returns: Net Profit Up 42.09%; ROE at 16.92% BUSINESS E AR N I N G S AN D R E T U R N S Total Business Net Interest Operating Profit Net Profit ₹1,30,237 Cr ▲ 27.25% (YoY) Income ₹807 Cr ₹642 Cr ₹451 Cr Deposits CASA ₹69,546 Cr ₹17,629 Cr ▲ 35.17% (YoY) ▲ 41.80% (YoY) ▲ 42.09% (YoY) ▲ 25.4
Slide 8: Growth With Quality: Cost-to-Income 38.28%, NNPA 0.14%
Growth With Quality: Cost-to-Income 38.28%, NNPA 0.14% G R O W T H Q U AL I T Y AN D E F F I C I E N C Y R I S K AN D AS S E T Q U AL I T Y CASA Share RAM to Gross Gross NPA Net NPA Advances ▼ 201 bps ▼ 26 bps ▼ 40 bps ▼ 12 bps 25.35% (YoY) 94.33% (YoY) 0.61% (YoY) 0.14% (YoY) Unsecured Exposure NIM
Slide 9: Business Financial Performance FY2026-27
Business Financial Performance 2 FY2026-27
Slide 10: Deposits: Up 25.49% YoY
Deposits: Up 25.49% YoY (₹ in Crores) Q-o-Q Y-o-Y Growth % Growth % Business Parameters Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 (Q2FY27 (Q2FY27 Over over Q1FY27) Q2FY26) Current Account 4,334 4,442 5,084 4,639 5,042 8.69% 16.34% Savings Bank Account 10,829 11,405 12,281 12,213 12,587 3.06% 16.23% CASA 15
Slide 11: Term Deposits Drive Incremental Deposit Growth
Term Deposits Drive Incremental Deposit Growth Incremental (₹ in Crores) Incremental (₹ in Crores) Non-Callable Deposits (NCD): Deposits YoY Growth (%) Growth H1FY26 Growth H1FY27 In H1FY27: 25.49% 7,834 ❖ Up ₹3,075 crore 7,570 ❖ Up by 56.34% from 31.03.26 ❖ 40.62% share in incremental Term Deposits
Slide 12: Gross Advances Up 29.32% YoY – RAM Remains the focus
Gross Advances Up 29.32% YoY – RAM Remains the focus (₹ in Crores) Q-o-Q Y-o-Y Growth % Growth % Business Parameters Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 (Q2FY27 (Q2FY27 Over over Q1FY27) Q2FY26) Retail 11,878 14,411 14,912 14,529 14,886 2.46% 25.32% Agriculture 18,546 18,385 20,084 23,399 25,094 7.24
Slide 13: Advances Growth Sustained: MSME Rebound Strengthened
Advances Growth Sustained: MSME Rebound Strengthened Advances YoY Growth (%) MSME YoY Growth (%) RAM YoY Growth (%) 29.32% 23.62% 28.96% 28.47% 27.01% 20.09% 14.89% 22.35% 20.32% 16.30% 8.43% 18.29% 1.44% 10.34% 13.02% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY
Slide 14: Segment Performance and Portfolio Mix
Segment Performance and Portfolio Mix Retail Advances Agri Advances MSME Advances Other Advances Q2FY27 35.31% Q2FY27 Q2FY27 35.70% Q2FY27 25.32% 23.62% 10.24% 10.61% 10.12% 9.48% 2.43% 2.68% 5.24% 0.14% 0.06% 1.91% 2.34% 0.91% YoY% Yield % NPA% ROA% YoY% Yield % NPA% ROA% YoY% Yield % NPA% ROA% YoY
Slide 15: Gold Loans: Portfolio Metrics and Price Sensitivity
Gold Loans: Portfolio Metrics and Price Sensitivity Gold Loan Growth Sensitivity: LTV vs Gold Price (as of 30.09.2026) Gold Price Portfolio %of Gold loan 29280 27404 (Drop % LTV % above market 24790 21022 23311 assumed) (on net weight) price @ current Price 62.35% NIL 10% 69.28% NIL 15% 73.35% NIL 2
Slide 16: Unsecured Exposure Remains Minimal at 0.20% of Total Advances
Unsecured Exposure Remains Minimal at 0.20% of Total Advances % of Unsecured Exposure to Amount of Unsecured Exposure Amount of NPA in Unsecured Exposure NPA % in Unsecured Exposure total advances 1.03% 0.30% 0.99% 0.96% 138.55 0.62 121.89 0.56 0.55 0.54 0.20% 0.50 0.51% 58.28 0.11% 54.42 53.45 0.10
Slide 17: Sector Exposure and Export-Credit Concentration
Sector Exposure and Export-Credit Concentration (₹ in Crores) Sectoral Exposure as on Sectoral % to MSME & Corporate Export Credit 30.09.2026 Exposure Sectors Of which Of which Export Total Total % Export Credit Credit % Wholesale Traders Country-wise contribution Sectoral contribution of 3911.59 10
Slide 18: P&L and Balance Sheet Q2
P&L & | Balance Sheet Q2 i
Slide 19: Net Interest Income Powers Profit Growth
Net Interest Income Powers Profit Growth (₹ in Crores) Q-o-Q Y-o-Y Y-o-Y Growth Growth Growth Q2FY26 Q4FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Financial Parameters (3M) (3M) (3M) (3M) (Q2FY27 (Q2FY27 (6M) (6M) (H1FY27 over over over Q1FY27) Q2FY26) H1FY26) Interest Income 1413.39 1550.38 1662.43 1820.16 9.
Slide 20: Balance Sheet Grows to ₹85,951 Cr
Balance Sheet Grows to ₹85,951 Cr (₹ in Crores) Liabilities (₹ in Crores) As on As on As on As on As on Particulars 30.09.2025 31.12.2025 31.03.2026 30.06.2026 30.09.2026 Capital 158.35 158.35 158.35 158.35 158.35 Reserves and Surplus 9,285.35 9,615.48 9,951.81 10,403.67 10,611.01 Deposits 55,420.76
Slide 21: EPS, ROA and ROE Up Every Quarter
EPS, ROA and ROE Up Every Quarter (in ₹) (in ₹) (₹ in Crores) Earnings Per Share Book Value Per Share Net Worth 680.09 28.49 667.00 10769 25.99 638.46 23.60 10562 617.22 21.57 596.38 20.05 10110 9774 ROA (%) ROE (%) 16.92% 2.18% 2.14% 15.93% 9444 2.05% 15.03% 1.97% 14.22% 13.77% 1.85% SEP'25 DEC'25
Slide 22: Shareholding Pattern: Higher MF and FPI Holdings Year-on-Year
Shareholding Pattern: Higher MF and FPI Holdings Year-on-Year 30.09.2025 31.03.2026 30.09.2026 Mutual Funds 0.000% Mutual Funds 0.348% Mutual Funds 0.663% Foreign Portfolio Foreign Portfolio Foreign Portfolio Investors 4.654% Investors 6.190% 6.859% Investors Overseas Corporate Overseas Corporate Ov
Slide 23: Asset Quality Q2 FY2026-27
Q2 FY2026-27
Slide 24: Gross NPA Reduced to ₹371.67 Cr; PCR at 96.61%
Gross NPA Reduced to ₹371.67 Cr; PCR at 96.61% (₹ in crores) Particulars Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Opening Balance of Gross NPA 549.12 474.45 462.83 388.21 398.08 i)Cash Recovery 26.97 31.19 25.20 31.32 31.12 ii)Upgradation 4.34 2.31 2.61 1.37 3.59 iii)Write Off 66.02 0.00 83.67 0.00 26.53
Slide 25: GNPA and NNPA Ratios Decline
GNPA and NNPA Ratios Decline GNPA GNPA % NNPA NNPA % 0.26% 1.01% 121.52 474.45 0.91% 462.83 100.08 98.00 97.41 0.20% 398.08 0.18% 388.21 83.59 0.73% 0.17% 371.67 0.69% 0.61% 0.14% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q
Slide 26: Segment-wise NPA: 135.39% Collateral Coverage
Segment-wise NPA: 135.39% Collateral Coverage (₹ in Crores) Advances GNPA Collateral Parameter as of as of GNPA% Provision Coverage 30.09.2026 30.09.2026 (NPA) ❖ 135.39% average collateral available for NPA. ❖ Portfolio loss is expected to be Retail 14,885.72 20.53 0.14% 10.39 154.85% low. ❖ Potenti
Slide 27: Fresh Slippage Ease Sequentially
Fresh Slippage Ease Sequentially (₹ in crores) Fresh Slippage Slippage Ratio (%) 0.08% 43 0.07% 37 35 0.06% 23 22 0.05% 0.05% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Slippage in Retail Slippage in Agri Slippage in MSME Slippage in Others 3 3 3 19 37 32 2 2 19 16 15 3 3
Slide 28: SMA Book Down to 1.67% from 2.67% YoY
SMA Book Down to 1.67% from 2.67% YoY (₹ in crores) (₹ in crores) (₹ in crores) (₹ in crores) SMA 0 SMA 1 SMA 2 TOTAL SMA 373 424 1252 1265 553 360 389 382 1139 330 455 343 1012 396 273 390 250 243 686 194 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1F
Slide 29: Stressed Assets Ratio Declined Every Quarter to 0.93%
Stressed Assets Ratio Declined Every Quarter to 0.93% Stressed Assets Ratio (%) 1.59% 1.40% 1.14% 1.06% 0.93% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 (₹ in crores) Particulars Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Standard Restructure advances 271.37 246.17 218.34 208.17 193.27 Gross NPA 474.45 462.83 388.2
Slide 30: Expected Credit Loss: ₹385 Cr Impact; ₹304 Cr Already Available
Expected Credit Loss: ₹385 Cr Impact; ₹304 Cr Already Available W.e.f.01.04.2027 As of 30.09.2026 Standard Assets ₹181 crore Bad & doubtful asset ₹236 crore Current IRAC norms Non-performing Investment ₹57 crore Floating Provision for Advances ₹24 crore Total ₹498 crore Stage 1 assets ₹269 crore New
Slide 31: Key Ratios/Parameters Q2 FY2026-27
Key Ratios/ Parameters Q2 FY2026-27 4
Slide 32: Key Ratios (1/4): NIM 4.19%, Up 36 bps YoY
Key Ratios (1/4): NIM 4.19%, Up 36 bps YoY Cost of Deposits (%) Cost of Funds (%) Credit Cost (%) 5.93% 5.90% 0.15% 5.91% 5.85% 0.09% 0.09% 5.83% 5.84% 0.01% 5.72% 5.71% 5.70% 5.68% -0.10% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Yield
Slide 33: Key Ratios (2/4): CRAR 32.39%; Cost-to-Income Improves to 38.28%
Key Ratios (2/4): CRAR 32.39%; Cost-to-Income Improves to 38.28% Capital Adequacy (%) Cost to Income Ratio (%) 44.80% CET-1 CRAR 33.73% 44.40% 43.81% 32.39% 32.33% 30.96% 32.27% 30.08% 31.30% 31.36% 39.10% 38.28% 29.40% 28.53% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 PCR
Slide 34: Key Ratios (3/4): Leverage and Liquidity Well Above Requirements
Key Ratios (3/4): Leverage and Liquidity Well Above Requirements Leverage Ratio % LCR % NSFR % 146.15% 11.99% 139.43% 100.00% 100.00% 3.50% Min.Requirement Actual Min.Requirement Actual Min.Requirement Actual As of 30.09.26 As of 30.09.26 As of 30.09.26 CD Ratio % Max. possible CD Ratio (as of 30.09
Slide 35: Key Ratios (4/4): Branch and Employee Productivity Higher YoY
Key Ratios (4/4): Branch and Employee Productivity Higher YoY (₹ in crores) (₹ in crores) (₹ in lakhs) Business per Branch Business per Employee Profit per Employee 34.66 25.02 206.40 23.98 32.12 23.75 31.16 193.81 185.03 21.86 27.80 177.34 172.31 25.40 20.46 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY2
Slide 36: Phygital Expansion
Phygital Expansion
Slide 37: Network Expands; 9 Branches Opened in H1FY27
Network Expands to 631 Branches; 9 Opened in H1FY27 631 594 438 460 9 Branches opened in H1FY27 156 171 As of 30.09.25 As of 30.09.26 Total Branches TN Non-TN www.tmb.bank.in 36
Slide 38: Digital Channels Account for 97.48% of Transactions
Digital Channels Account for 97.48% of Transactions Shift in customer behaviour TMB M-Bank usage trend Digital Vs Branch Value (₹in crore) Value vs Transaction count Transactions count 15,000 80 97.48% 14,500Trnx count (in lakhs) 22.50 62 60 60 70 14,585 14,000 97.45% 61 22.15 60 13,500 54 20.73 13,
Slide 39: Future-Ready: A Smarter Way of Working
Future-Ready: A Smarter Way of Working Credit Management Centre Focused liability verticals Lending, centralised – from lead to loan closure Transaction Elite Service Global NRI Banking Group Group Centre Government Business Premium, relationship-led NRI acquisition and Group, TASC accounts, banking
Slide 40: Future-Ready: Technology and Digital Transformation
Future-Ready: Technology and Digital Transformation Digital lending: LOS, LMS and Business Rule Engine Customer Experience Business Process Mgmt (BPM) ■ Real-time – leads, pipeline and ■ Paperless – approvals with audit service requests trail Mar 2025 Nov 2025 Oct 2026 ■ Unified – customer view acro
Slide 41: CSR & ESG: Community Initiatives
CSR & ESG: Community Initiatives Health Care Support Education Support Environmental Support Skill Development Provided sponsorship support of ₹3.34 Sponsored ₹25.00 lakh towards the Distributed mini solar driers to 25 Successfully conducted Batch II of the crore for the construction of a constructi
Slide 42: Awards & Accolades
Awards & Accolades Atal Pension Yojana A Recognition 21st Annual Summit Emerging Asia Workplace Culture by Assocham Banking awards, Delhi Received the “Award of Exemplary Recognized as the “Most Received the Silver Award Recognized as the Winner for Leadership” along with five other Preferred Workpl
Slide 43: Additional Disclosure: ED Show Cause Notices
Additional Disclosure: ED Show Cause Notices Two Show Cause Notices (SCN) issued by the Directorate of Enforcement (ED) SCN 1 | Issued 17.12.2014 SCN 2 | Issued 09.11.2017 THE NOTICE THE NOTICE ■ For alleged contraventions in transfer of shares. ■ For alleged contraventions in issuance of bonus shar
Slide 44: Investor Relations Contacts
Investor Relations Contacts Mr. Swapnil Yelgaonkar, Mr. Sanjoy Kumar Goel, Chief Financial Officer, Company Company Secretary & CFO Contact Compliance Officer, Mobile : 63852 28111 Secretary Mobile : 96595 23378 Email : [email protected] Email : [email protected] Adfactors Pvt Ltd. Visit www.tmb.bank.in
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