Tamilnad Mercantile Bank's Moderate Profit Rise in Q1 FY'26
Tamilnad Mercantile Bank reported a 6.27% increase in net profit to Rs 305 crore for Q1 of FY'26. The bank's income rose to Rs 1,617 crore, and gross NPAs improved to 1.22%. However, shares fell 1.10% to Rs 455.25 on BSE.
- Country:
- India
Tamilnad Mercantile Bank has posted a 6.27% rise in net profit for the first quarter of the fiscal year 2026, reaching Rs 305 crore compared to Rs 287 crore the previous year.
The bank's total income saw an upswing to Rs 1,617 crore, marking an improvement from Rs 1,515 crore in the same period of the prior fiscal year.
Additionally, the gross non-performing assets ratio showed progress, dropping to 1.22% from 1.44% year over year. Despite these gains, the bank's shares closed down by 1.10% at Rs 455.25 on the Bombay Stock Exchange.
(With inputs from agencies.)
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