Tamilnad Mercantile Bank Limited · NSE:TMB
Tamilnad Mercantile Bank — Q3 FY2024 Earnings Presentation
36 slides from Tamilnad Mercantile Bank's earnings presentation, Jan 22, 2024
Slide 1: Stock exchange cover letter for investor presentation
Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : secretarial@tmbank.in CIN: L65110TN1921PLC001908 Ref.No.TMB.SE.148/2023-24 22.01.2024 The Manager, The Manager, National Stock Exchange of India Ltd, Bombay Stock Exchange limited, Exchange Plaza, 5th Flo
Slide 2: Investor Presentation Q3FY2024
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 Performance Highlights www.tmb.in 3
Slide 5: Performance Highlights
Tamilnad Mercantile Bank Ltd Bea step ahead in life Performance Q Highlights THO Ha TT EPI! (ra aif i
Slide 6: Performance Highlights for the Quarter
Performance Highlights for the Quarter Total Business has increased to ₹85,185 crore from ₹78,242 crore Y-o-Y Book value of share has increased to ₹484 from ₹426 Y-o-Y Net profit has surged to ₹284 crore from ₹280 crore Y-o-Y Interest Income has improved to ₹1,229 crore from ₹1,012 crore Y-o-Y Total
Slide 7: Performance Highlights Q3FY24 vis-à-vis Q3FY23
Performance Highlights Q3FY24 vis-à-vis Q3FY23 31.12.2023 31.12.2023 31.12.2023 ₹13,865 Cr ₹46,799 Cr ₹38,386 Cr CASA Deposits Advances 31.12.2022 31.12.2022 31.12.2022 ₹12,851 Cr ₹ ₹43,440 Cr ₹34,802 Cr 31.12.2023 31.12.2023 31.12.2023 ₹85,185 Cr ₹1,229 Cr ₹284 Cr Total Interest Business Income Net
Slide 8: Shareholders Value-Enhanced
Shareholders Value-Enhanced (₹ in Crores) (in ₹) (in ₹) NET WORTH BOOK VALUE OF SHARE EPS 7800 490 18 484.25 480 7668 7600 17.95 470 17.66 7400 18 466.30 460 7384 17.27 7200 17 450 454.03 7190 * 7000 440 17 437.53 16.50 6928 430 6800 425.69 420 16 6741 15.98 6600 410 16 6400 400 6200 390 15 www.tmb.
Slide 9: Key Ratios / Parameters
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Slide 10: 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 % 290 410 540 (NII) 280 400 405 537 404 284 530 534 280 533 270 390 28.00% 274 380 527 26.57% 260 520 380 370 26.26% 261 26.04% 250 370 25.95% 360 253 365 510 514
Slide 11: Key Ratios / Parameters (2/2)
Key Ratios / Parameters (2/2) ROA % 2.14% ROE % 16.95% NIM % 2.20% 17.50% 2.15% 17.00% 4.90% 2.10% 16.50% 4.70% 2.05% 1.93% 15.11% 2.00% 16.00% 4.50% 1.89% 1.87% 15.01% 14.81% 1.85% 1.95% 14.80% 15.50% 4.30% 1.90% 1.85% 15.00% 4.10% 1.80% 14.50% 3.90% Above figures for the quarter annualised. www.tm
Slide 12: Efficiency Ratios
Efficiency Ratios CREDIT COST % COST OF FUNDS % COST TO INCOME % 0.90% 0.85% 6.10% 5.90% 48.00% 46.99% 46.73% 0.80% 5.90% 5.79% 47.00% 0.70% 0.64% 5.70% 5.52% 46.00% 0.60% 5.50% 0.50% 45.00% 5.30% 44.22% 0.40% 0.50% 0.42% 5.03% 44.00% 5.10% 43.14% 0.30% 43.00% 0.20% 4.90% 4.58% 42.00% 0.10% 4.70% 0.
Slide 13: Asset Quality
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Slide 14: NPA
NPA (₹ in crores) (₹ in crores) GROSS NPA NET NPA 700.00 1.80% 400.00 1.10% 1.75% 600.00 350.00 0.99% 0.98% 1.00% 1.70% 1.70% 1.69% 1.70% 300.00 500.00 1.65% 0.90% 250.00 1.60% 400.00 1.56% 1.55% 200.00 0.80% 0.75% 300.00 1.50% 150.00 0.66% 0.70% 200.00 1.45% 100.00 0.62% 1.40% 243.65 591.08 521.46
Slide 15: NPA Sector-wise
NPA Sector-wise (₹ in Crores) (₹ in Crores) Gross NPA Composition 644 649 Q3FY23 Q3FY24 591 581 1.80% 600 RETAIL 48 45 1.75% 521 1.70% 142 215 221 AGRI 77 62 172 1.69% 500 1.70% 127 1.70% MSME 294 321 1.65% 400 OTHERS 172 221 1.60% 1.56% TOTAL GNPA 591 649 1.55% 300 294 315 317 321 Net NPA 259 375 2
Slide 16: Slippage Ratio & Sector-wise Slippage
Slippage Ratio & Sector-wise Slippage SLIPPAGE RATIO % ON TOTAL ADVANCES 0.95% 0.82% 0.85% 0.75% 0.65% 0.55% 0.45% 0.35% 0.27% 0.21% 0.21% 0.25% 0.15% 0.15% RETAIL AGRI MSME OTHERS 10 9 25 120 200 187 9 104 9 21 8 20 100 150 7 80 6 15 6 15 63 60 62 5 11 (₹ in crores) 5 60 100 4 3 10 3 40 23 50 2 5 3
Slide 17: Movement of NPA
Movement of NPA (₹ in Crores) Particulars Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Opening Balance of Gross NPA 593.34 591.08 521.46 580.72 643.84 i)Cash Recovery 46.64 40.00 36.47 68.56 53.88 ii)Upgradation 5.82 1.34 5.28 19.88 22.61 iii)Write Off 0.00 98.72 0.00 157.47 0.00 Total Reduction* (i+ii+iii) 5
Slide 18: SMA Bucket-wise
SMA Bucket-wise (₹ in Crores) (₹ in Crores) (₹ in Crores) (₹ in Crores) SMA 0 SMA 1 SMA 2 TOTAL SMA 1400 1249 1000 890 892 900 787 3500 1144 900 833 800 2926 1200 1080 693 3000 2670 800 700 2447 1000 931 700 637 2500 883 604 600 542 561 2110 2048 600 475 2000 800 500 500 600 400 1500 400 300 400 300
Slide 19: SMA Sector-wise
SMA Sector-wise (₹ in crores) (₹ in crores) (₹ in crores) (₹ in crores) SMA - RETAIL SMA - AGRI SMA - MSME SMA - OTHERS 1200 1106 300 1200 1068 1091 600 1048 525 971 924 1000 884 226 1000 888 902 500 859 211 200 191 400 800 800 341 340 143 141 300 600 600 220 400 100 400 200 121 200 200 100 0 0 0 0
Slide 20: Stressed Assets
Stressed Assets Branch Network 4.20% 4.01% 4.00% 3.80% (in %) 3.60% 3.40% 3.21% 3.23% 3.18% 3.20% 3.08% 3.00% (₹ in crores) Particulars Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Standard Restructure 804.53 673.81 615.31 575.37 533.71 advances Gross NPA 591.08 521.46 580.72 643.84 649.13 Total Stressed Asse
Slide 21: Restructured Advances
Restructured Advances (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Particulars Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 (Q3FY24 (Q3FY24 Over over Q2FY24) Q3FY23) Advances (Gross) 34801.61 37582.11 37292.21 37778.05 38385.87 1.61% 10.30% Restructured Assets 896.36 785.53 702.60 648.71 599.17 -7.64% -33.16% Of w
Slide 22: Sector-wise Restructured Accounts
Sector-wise Restructured Accounts (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Sector Q3FY23 Q4FY23 Q1FY24* Q2FY24 Q3FY24 (Q3FY24 (Q3FY24 Over over Q2FY24) Q3FY23) 1.Retail 194.14 184.82 180.01 163.62 157.12 -3.97% -19.07% 2.AGRI 19.55 17.37 35.76 26.02 25.08 -3.61% 28.29% 3.MSME 341.55 306.63 394.80 362
Slide 23: Business / Financial Performance Q3 FY24
Tamilnad Business / Financial Q3 FY Performance = O24
Slide 24: Business Mix
Business Mix (₹ in Crores) TOTAL BUSINESS 90000 85000 85348 85185 85092 84300 80000 78242 75000 70000 65000 60000 (₹ in Crores) (₹ in Crores) DEPOSITS ADVANCES 49000 39000 48000 38000 38386 37778 37000 47766 47000 37582 37292 47314 47008 46799 46000 36000 45000 35000 34802 44000 34000 43000 33000 43
Slide 25: Deposits Portfolio
Deposits Portfolio (₹ in Crores) Q3FY24 Q-o-Q Y-o-Y Growth Growth Business Parameters Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 (Q3FY24 (Q3FY24 Over over Q2FY24) Q3FY23) Bulk Term Deposits 9% CASA CASA A. Retail Term 28% 25,773 28,009 28,989 29,191 28,591 -2.06% 10.93% 30% Deposits B. Bulk Term 4,816 6,021
Slide 26: Advances Portfolio
Advances Portfolio (₹ in Crores) (₹ in Crores) Q-o-Q Y-o-Y Q3FY24 Growth Growth Particulars Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 (Q3FY24 (Q3FY24 Over over Q2FY24) Q3FY23) Others Gross Advances 34,802 37,582 37,292 37,778 38,386 1.61% 10.30% 3503 Retail 9% Of which 8469 22% Retail Sector 7,612 7,866 8,
Slide 27: Financial Performance
Financial Performance (₹ in Crores) 3 Months 9 Months Q-o-Q Y-o-Y Growth Growth Financial Parameters Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 (Q3FY24 (Q3FY24 31.12.2022 31.12.2023 Over over Q2FY24) Q3FY23) Interest Income 1012.12 1070.08 1155.89 1209.16 1229.16 1.65% 21.44% 3010.96 3594.21 Non-Interest In
Slide 28: Balance Sheet
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Slide 29: Balance Sheet
Balance Sheet (₹ in Crores) Liabilities (₹ in Crores) As on As on As on As on As on 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023 Capital 158.35 158.35 158.35 158.35 158.35 Reserves and Surplus 6582.55 6770.00 7031.23 7225.55 7509.79 Deposits 43440.86 47766.48 47008.43 47314.32 46799.43 Bor
Slide 30: External Ratings
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Slide 31: External Ratings
External Ratings CRISIL Ratings Fixed Deposits (short term) A1+ Certificate of Deposits A1+ www.tmb.in 30
Slide 32: Network and Partners
Tamilnad Mercantile Bank Ltd
Slide 33: During the Q3, new branches were opened
During the Q3, 6 new branches were opened www.tmb.in 32
Slide 34: www.tmb.in
www.tmb.in 33
Slide 35: Strategic Partners - Fintech / Business Tie-ups
Strategic Partners - Fintech / Business Tie-ups Insurance Fintech www.tmb.in 34
Slide 36: 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.Prakash Chandra Panda, Company Secretary & Compliance Officer Mob: 96595 23378 E-mail: cs@tmb
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