Tamilnad Mercantile Bank (TMB) shares surged 8% after the lender posted a strong set of numbers for the quarter and financial year ended March 31, 2025. As of 10:37 AM, the shares were trading 8.30% higher at Rs 477.50.
The bank reported a 15% year-on-year rise in net profit to Rs 291.9 crore for Q4 FY25, compared to Rs 253.1 crore in the same quarter last year. Total income during the quarter also increased to Rs 1,542 crore from Rs 1,417.6 crore in Q4 FY24.
Despite net interest income remaining largely unchanged at Rs 567.91 crore, the bank’s interest earned climbed to Rs 1,341.7 crore, supported by robust advances and higher investment returns. Other income rose to Rs 200.4 crore. Operating profit stood at Rs 404 crore, nearly flat compared to the previous quarter, while profit before tax was Rs 386.8 crore with tax expenses at Rs 94.88 crore.
For the full fiscal year FY25, Tamilnad Mercantile Bank recorded a net profit of Rs 1,182.6 crore, up from Rs 1,070.3 crore in FY24. The bank’s total income for the year reached Rs 6,141.75 crore, reflecting healthy growth from Rs 5,492.85 crore in the previous year. With total expenditure at Rs 4,396 crore, TMB’s operating profit for the year stood at a solid Rs 1,745.7 crore.
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