Tamilnad Mercantile Bank Limited · NSE:TMB
Tamilnad Mercantile Bank — Q2 FY2025 Earnings Presentation
37 slides from Tamilnad Mercantile Bank's earnings presentation, Oct 29, 2024
Slide 1: Exchange filing cover letter
Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : secretarial@tmbank.in CIN: L65110TN1921PLC001908 Ref.No.TMB.SE.134/2024-25 29.10.2024 The Manager, The Manager, National Stock Exchange of India Ltd, Bombay Stock Exchange limited, Exchange Plaza, 5th Flo
Slide 2: Tamilnad Mercantile Bank Ltd
Tamilnad Mercantile id Be a step ahead in life
Slide 3: Disclaimer
Disclaimer 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 verified by
Slide 4: Table of contents
Table of contents 1 Performance Highlights 5 Balance Sheet 2 Key Ratios / Parameters 6 External Ratings 3 Asset Quality 7 Network Expansion 4 Business / Financial Performance 8 Strategic Partners www.tmb.in 3
Slide 5: Performance highlights Q2FY2025
Slide 6: Performance Highlights
Performance Highlights HIGHEST EVER Net Interest Net Profit Income ₹ 303 Cr ₹ 596 Cr YoY Growth: 11% YoY Growth: 12% 01 02 03 04 Interest Total Income Income ₹ 1,565 Cr ₹ 1,337 Cr YoY Growth: 15% YoY Growth: 11% www.tmb.in 5
Slide 7: Performance Highlights for the Quarter (Year-on-Year basis)
Performance Highlights for the Quarter (Year-on-Year basis) Operating Profit has improved to ₹465 crore from ₹365 crore, registering a growth of 27.40% Net profit has surged to ₹303 crore from ₹274 crore, up by 10.58% Net Interest Margin (NIM) has increased to 4.25% from 4.10%, an increase by 15 bps
Slide 8: Performance Highlights Q2FY25 vis-à-vis Q2FY24
Performance Highlights Q2FY25 vis-à-vis Q2FY24 ₹ Total Total Total RAM CASA Deposits Advances Business 30.09.2024 30.09.2024 30.09.2024 30.09.2024 30.09.2024 ₹13,873 Cr ₹49,342 Cr ₹42,533 Cr ₹39,277 Cr ₹91,875 Cr 30.09.2023 30.09.2023 30.09.2023 30.09.2023 30.09.2023 ₹13,172 Cr ₹47,314 Cr ₹37,778 Cr
Slide 9: Shareholders Value-Enhanced
Shareholders Value-Enhanced (₹ in Crores) (in ₹) (in ₹) NET WORTH BOOK VALUE OF SHARE EPS 8500 535 20 532.37 8430 8300 19 19.15 520.63 515 8244 18 8100 18.14 17.95 17 17.27 500.23 7900 495 7921 16 15.98 7700 484.25 475 15 7668 7500 14 466.30 7384 7300 455 13 7100 12 435 6900 11 6700 415 10 www.tmb.i
Slide 10: Key Ratios / Parameters
i 1 Key Ratios / : TAB ues 4 Mercantile Parameters | rex Q2FY & 2025
Slide 11: Key Ratios / Parameters (1/2)
Key Ratios / Parameters (1/2) (₹ in Crores) (₹ in Crores) (₹ in Crores) NET PROFIT OPERATING PROFIT NET INTEREST INCOME CAPITAL ADEQUACY % 310 500 610 (NII) 29.59% 290 590 303 469 465 29.37% 596 400 29.21% 287 270 570 284 30.00% 274 370 367 567 567 365 250 253 300 550 230 530 537 533 210 200 510 29.
Slide 12: Key Ratios / Parameters (2/2)
Key Ratios / Parameters (2/2) 4.24% 4.25% ROA % ROE % NIM % 1.94% 1.93% 15.11% 2.00% 14.83% 15.01% 15.75% 4.25% 1.89% 1.88% 1.95% 14.22% 15.25% 1.90% 4.20% 14.75% 4.12% 1.85% 4.10% 14.25% 4.15% 4.08% 12.99% 1.80% 13.75% 1.70% 1.75% 13.25% 4.10% 1.70% 12.75% 4.05% Above figures are annualized. www.tm
Slide 13: Efficiency Ratios
Efficiency Ratios CREDIT COST % COST OF FUNDS % COST TO INCOME RATIO % 1.00% 5.93% 50.00% 49.85% 0.90% 49.00% 5.91% 0.80% 48.00% 46.99% 5.89% 0.70% 47.00% 0.60% 5.87% 46.73% 46.00% 0.50% 5.85% 45.00% 0.40% 5.83% 44.00% 43.51% 0.30% 5.81% 43.00% 0.20% 0.10% 5.79% 42.00% 41.42% 0.00% 5.77% 41.00% COST
Slide 14: Asset Quality Q2FY2025
Slide 15: NPA
NPA (₹ in crores) (₹ in crores) GROSS NPA NET NPA 700.00 1.75% 0.99% 400.00 0.98% 1.00% 649.13 1.70% 643.84 1.70% 375.34 371.90 600.00 1.69% 350.00 0.85% 0.90% 587.66 584.45 575.06 335.82 1.65% 300.00 500.00 0.80% 1.60% 250.00 261.56 400.00 1.55% 200.00 0.70% 194.77 300.00 0.65% 1.50% 150.00 0.60% 2
Slide 16: NPA Sector-wise
NPA Sector-wise (₹ in Crores) (₹ in Crores) Gross NPA Composition Q2FY24 Q2FY25 1.75% 700 644 649 RETAIL 42 32 1.70% 1.69% 1.70% 575 588 584 600 AGRI 70 48 1.65% 215 221 MSME 317 230 500 OTHERS 215 274 1.60% 270 274 284 400 TOTAL GNPA 644 584 1.55% Net NPA 372 195 300 1.50% 317 321 1.44% 238 230 200
Slide 17: Slippage Ratio & Sector-wise Slippage
Slippage Ratio & Sector-wise Slippage * SLIPPAGE RATIO % 0.90% 0.84% 0.80% 0.70% 0.60% 0.50% 0.40% # 0.30% 0.22% 0.16% 0.14% 0.16% 0.20% 0.10% *Reported as 0.82% as earlier, #Reported as 0.21% as earlier which are now corrected. RETAIL AGRI MSME OTHERS 16 16 15 120 200 187 14 104 14 14 100 12 12 150
Slide 18: Movement of NPA
Movement of NPA Branch Network (₹ in crores) Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Opening Balance of Gross NPA 580.72 643.84 649.13 575.06 587.66 i)Cash Recovery 68.56 53.88 65.56 36.55 43.31 ii)Upgradation 19.88 22.61 14.09 6.29 21.43 iii)Write Off 157.47 0.00 53.77 0.00 1.50 Total Reduct
Slide 19: SMA Bucket-wise
SMA Bucket-wise (₹ in Crores) (₹ in Crores) (₹ in Crores) (₹ in Crores) SMA 0 SMA 1 SMA 2 TOTAL SMA 1000 931 949 700 637 580 2500 883 604 561 2110 2048 900 573 567 2034 600 560 542 800 2000 1771 714 468 1588 700 608 500 540 600 400 520 512 512 1500 500 300 500 490 1000 400 300 200 480 200 500 100 46
Slide 20: SMA Sector-wise
SMA Sector-wise (₹ in crores) (₹ in crores) (₹ in crores) (₹ in crores) SMA - RETAIL SMA - AGRI SMA - MSME SMA - OTHERS 1000 200 1000 888 902 893 250 220 859 884 872 900 812 900 159 756 800 727 143 141 800 200 668 700 700 600 113 600 150 94 121 500 100 500 110 99 90 400 400 100 300 300 200 200 50 10
Slide 21: Stressed Assets
Stressed Assets Branch Network 3.40% 3.23% 3.20% 3.08% (in %) 3.00% 2.80% 2.70% 2.55% 2.60% 2.42% 2.40% (₹ in crores) Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Standard Restructure 575.37 533.71 503.76 454.95 443.22 advances Gross NPA 643.84 649.13 575.06 587.66 584.45 Total Stressed Assets 121
Slide 22: Restructured Advances
Restructured Advances (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 (Q2FY25 (Q2FY25 Over over Q1FY25) Q2FY24) Advances (Gross) 37778.05 38385.87 39970.40 40852.76 42533.25 4.11% 12.59% Restructured Assets 648.71 599.17 570.02 532.88 515.85 -3.20% -20.48% Of w
Slide 23: Sector-wise Restructured Accounts
Sector-wise Restructured Accounts (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Sector Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 (Q2FY25 (Q2FY25 Over over Q1FY25) Q2FY24) 1.Retail 163.62 157.12 153.87 147.71 142.44 -3.57% -12.94% 2.AGRI 26.02 25.08 32.73 31.99 30.61 -4.31% 17.64% 3.MSME 362.71 323.18 302.23 276.
Slide 24: Business / Financial Performance
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Slide 25: Business Mix
Business Mix (₹ in Crores) TOTAL BUSINESS 94000 91000 91875 90041 88000 89485 85000 85185 85092 82000 79000 76000 73000 70000 (₹ in Crores) (₹ in Crores) DEPOSITS ADVANCES 50000 44000 49515 49342 49188 41000 42533 45000 47314 46799 40853 39970 38000 38386 37778 40000 35000 35000 32000 29000 30000 26
Slide 26: Deposits Portfolio
Deposits Portfolio (₹ in Crores) Y-o-Y Growth Q2FY25 Business Parameters Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 (Q2FY25 over Q2FY24) A. Current Account 3,763 4,195 4,587 3,808 3,986 5.93% Bulk Term Deposits CASA B. Savings Bank 9,409 9,670 10,089 9,981 9,887 5.08% 10% CASA 28% Account 28% C. CASA (A+B)
Slide 27: Advances Portfolio
Advances Portfolio (₹ in Crores) (₹ in Crores) Y-o-Y Q2FY25 Growth Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 (Q2FY25 over Q2FY24) Others Gross Advances 37,778 38,386 39,970 40,853 42,533 12.59% 3,256 Retail 8% 8,477 Of which 20% Retail Sector 8,370 8,469 8,478 8,335 8,477 1.28% MSME 13,770 Agri
Slide 28: Financial Performance
Financial Performance (₹ in Crores) 3 Months 6 Months Q-o-Q Y-o-Y Growth % Growth % Financial Parameters Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 (Q2FY25 (Q2FY25 H1FY24 H1FY25 Over over Q1FY25) Q2FY24) Interest Income 1209.16 1229.16 1253.70 1281.15 1337.41 4.39% 10.61% 2365.05 2618.56 Non-Interest Income
Slide 29: Balance Sheet Q2FY2025
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Slide 30: Balance Sheet
Balance Sheet (₹ in Crores) Liabilities (₹ in Crores) As on As on As on As on As on Particulars 30.09.2023 31.12.2023 31.03.2024 30.06.2024 30.09.2024 Capital 158.35 158.35 158.35 158.35 158.35 Reserves and Surplus 7225.55 7509.79 7762.86 8085.96 8271.89 Deposits 47314.32 46799.43 49515.07 49188.01
Slide 31: External Ratings
External Ratings Q2FY 2025
Slide 32: External Ratings
External Ratings CRISIL Ratings Fixed Deposits (short term) A1+ Certificate of Deposits A1+ www.tmb.in 31
Slide 33: Network Expansion Q2FY2025
Slide 34: Branch openings during H1FY25
During the H1FY25, 15 new branches were opened.
Slide 35: Strategic Partners
Strategic AB le — Bank Ltd Partners BERStep cheod in te Q2FY & 2025 J
Slide 36: Strategic Partners - Fintech / Business Tie-ups
Strategic Partners - Fintech / Business Tie-ups Insurance Fintech www.tmb.in 35
Slide 37: Thank You
Tamilnad Mercantile Bank Limited No. 57, Victoria Extension Road, Thoothukudi – 628 002, Tamil Nadu, India Investor Contact Mr.P.A.Krishnan, Chief Financial Officer Mob: 63852 28111 E-mail: cfo@tmbank.in Mr.Swapnil Yelgaonkar, Company Secretary & Compliance Officer Mob: 96595 23378 E-mail: cs@tmbank
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