Tamilnad Mercantile Bank Limited · NSE:TMB
Tamilnad Mercantile Bank — Q4 FY2025 Earnings Presentation
51 slides from Tamilnad Mercantile Bank's earnings presentation, Apr 23, 2025
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.09/2025-26 23.04.2025 The Manager The Manager National Stock Exchange of India Ltd, Bombay Stock Exchange limited, Exchange Plaza, 5th Floor,
Slide 2: Investor Presentation Q4FY2025
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
Slide 6: Performance Highlights
Performance Highlights Performance HIGHEST EVER……… Highlights Net Profit Operating Profit ₹1,183 Cr ₹1,746 Cr YoY Growth: 10% YoY Growth: 18% 03 02 04 01 Total Income Interest Income ₹6,142 Cr ₹5,291 Cr YoY Growth: 12% YoY Growth: 9% ..…….At 1.25%, lowest GNPA in the last 10 years www.tmb.in 5
Slide 7: Performance Highlights for the FY2025
Performance Highlights for the FY2025 Total Business increased to ₹98,055 crore from ₹89,485 crore, Y-o-Y growth of 9.58% The RAM segment increased to 93% from 91%, up 200 Bps Y-o-Y Total Income increased to ₹6,142 crore from ₹5,493 crore, Y-o-Y growth of 11.82% Interest Income improved to ₹5,291 cr
Slide 8: Performance Highlights FY25 vis-à-vis FY24
Performance Highlights FY25 vis-à-vis FY24 31.03.2025 31.03.2025 ₹39,496 Cr Total ₹98,055 Cr Term Business Deposits 31.03.2024 31.03.2024 ₹34,839 Cr ₹89,485 Cr ₹ Total 31.03.2025 Deposits 31.03.2025 ₹53,689 Cr RAM ₹41,297 Cr Total Advances 31.03.2024 31.03.2024 ₹49,515 Cr 31.03.2025 ₹36,484 Cr ₹44,3
Slide 9: Performance Highlights: Business
Performance Highlights: Performance Highlights Business Q3FY25 growth (Y-o-Y growth) (₹ in Crores) TOTAL BUSINESS YoY 100000 YoY 9.58% 95000 YoY 98055 4.85% 90000 YoY 8.47% 89485 85000 8.51% 85348 80000 75000 78681 70000 65000 60000 55000 50000 (₹ in Crores) (₹ in Crores) DEPOSITS YoY ADVANCES YoY 5
Slide 10: Shareholders Value-Enhanced (Y-o-Y)
Shareholders Value-Enhanced (Y-o-Y) (₹ in Crores) (in ₹) (in ₹) NET WORTH BOOK VALUE PER SHARE EPS 9500 570 75 568.90 74.68 520 9009 8500 65 68.06 67.70 500.23 470 7921 7500 420 55 57.67 437.53 6928 6500 370 374.41 45 5500 320 42.34 321.38 5336 4500 270 35 4580 3500 220 25 170 2500 120 15 1500 70 5
Slide 11: WA Tamilnad
WA Tamilnad y Mercantile AN Bank Ltd Bea step ahead in life
Slide 12: Key Ratios / Parameters (Y-o-Y) (1/2)
Key Ratios / Parameters (Y-o-Y) (1/2) (₹ in Crores) (₹ in Crores) (₹ in Crores) NET PROFIT OPERATING PROFIT NET INTEREST INCOME PCR % 1200 2000 2500 (NII) With technical write-off 1183 93.86% 1000 2301 2000 1072 1746 2151 1029 1500 2094 95.00% 1573 800 1527 1482 1815 1500 822 1538 600 1000 1202 90.9
Slide 13: Key Ratios / Parameters (Y-o-Y) (2/2)
Key Ratios / Parameters (Y-o-Y) (2/2) CAPITAL ADEQUACY % ROA % ROE % 32.71% 1.97% 2.00% 25.00% 33.00% 1.88% 23.00% 29.37% 31.24% 1.84% 31.00% 1.90% 21.00% 29.00% 1.80% 26.26% 16.78% 27.97% 19.00% 1.66% 16.58% 27.00% 1.70% 17.00% 13.99% 14.44% 13.97% 25.00% 24.61% 15.00% 22.06% 1.60% 23.00% 13.00% 1.
Slide 14: Efficiency Ratios (1/2)
Efficiency Ratios (1/2) CREDIT COST % COST OF FUNDS % COST TO INCOME RATIO % COST OF DEPOSITS % 5.93% 47.00% 1.37% 1.50% 6.10% 5.91% 47.00% 5.75% 5.90% 5.90% 5.74% 1.30% 5.70% 46.00% 5.48% 5.70% 5.49% 1.10% 5.50% 44.90% 5.50% 45.00% 5.30% 0.90% 5.30% 44.60% 0.63% 5.10% 44.00% 4.90% 5.10% 4.91% 0.70%
Slide 15: Efficiency Ratios (2/2)
Efficiency Ratios (2/2) YIELD ON ADVANCES % YIELD ON FUNDS % NIM % 4.46% 9.36% 10.22% 10.30% 9.40% 4.50% 10.15% 9.25% 10.20% 9.30% 4.40% 10.10% 9.20% 4.30% 10.00% 4.11% 9.10% 4.20% 4.10% 4.07% 9.90% 9.00% 4.10% 9.80% 8.86% 9.65% 9.70% 8.90% 4.00% 9.60% 8.80% 3.90% 8.69% 9.45% 9.43% 3.77% 8.65% 9.50%
Slide 16: Key Ratios / Parameters (Q-o-Q)
Key Ratios / Parameters (Q-o-Q) (₹ in Crores) Parameters Q4FY24 Q4FY25 Growth % Period NIM%* Net Profit 253 292 15.42% Q1FY25 3.97% Operating Profit 367 404 10.08% Net Interest Income (NII) 567 568 0.18% Q2FY25 3.98% Other Income 163.90 200.37 22.25% Q3FY25 4.00% Net Interest Margin (%)* 4.14 3.87 -
Slide 17: Asset Quality
Asset Quality
Slide 18: NPA (Y-o-Y)
NPA (Y-o-Y) (₹ in crores) (₹ in crores) GROSS NPA NET NPA 1200.00 700.00 2.20% 1.98% 3.70% 2.00% 1084.78 600.00 613.82 1000.00 3.44% 1.80% 3.20% 500.00 1.60% 800.00 1.40% 400.00 2.70% 600.00 1.20% 0.95% 335.82 575.06 570.92 300.00 556.13 317.58 1.00% 521.46 2.20% 0.85% 400.00 0.80% 229.82 200.00 0.6
Slide 19: NPA Sector-wise (Y-o-Y)
NPA Sector-wise (Y-o-Y) (₹ in Crores) (₹ in Crores) Gross NPA Composition FY2024 FY2025 1200 1085 RETAIL 30 30 3.70% AGRI 51 50 1000 3.44% MSME 210 208 3.20% 480 800 OTHERS 284 268 GNPA 575 556 2.70% 571 575 556 600 521 GNPA% 1.44% 1.25% 197 Net NPA 336 160 2.20% 284 268 435 244 400 NNPA% 0.85% 0.36
Slide 20: Slippage Ratio & Sector-wise Slippage (Q-o-Q)
Slippage Ratio & Sector-wise Slippage (Q-o-Q) SLIPPAGE RATIO % 0.17% 0.16% 0.16% 0.16% 0.16% 0.15% 0.15% 0.14% 0.14% 0.13% 0.14% 0.13% 0.13% 0.13% 0.12% RETAIL AGRI MSME OTHERS 16 14 13 45 42 25 14 14 12 40 35 20 34 32 20 12 35 10 9 29 10 9 30 8 15 7 7 25 (₹ in crores) 8 6 6 20 10 6 5 10 15 6 4 4 2
Slide 21: Asset Quality – Gold Loan Portfolio
Asset Quality – Gold Loan Portfolio JL-GNPA% Percentage of SMA on Total JL Portfolio From FY 2022 to FY 2025 FY2022 0.02% 20000 2.50% FY2023 0.02% 18000 FY2024 0.06% 18249 16000 2.00% FY2025 0.01% 1.91% 14000 12960 12000 1.50% ❖₹3.97 crore of JL auctioned in FY25. (₹ in crores) 10000 1.18% ❖Adequate
Slide 22: Movement of NPA (Q-o-Q)
Movement of NPA (Q-o-Q) Branch Network (₹ in crores) Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Opening Balance of Gross NPA 649.13 575.06 587.66 584.45 576.38 i)Cash Recovery 65.56 36.55 43.31 56.05 39.16 ii)Upgradation 14.09 6.29 21.43 5.87 9.95 iii)Write Off 53.77 0.00 1.50 0.00 25.59 Total R
Slide 23: SMA Bucket-wise (Y-o-Y)
SMA Bucket-wise (Y-o-Y) (₹ in Crores) (₹ in Crores) (₹ in Crores) (₹ in Crores) SMA 0 SMA 1 SMA 2 TOTAL SMA 2500 2274 1400 800 4500 4131 1186 671 4000 1200 700 2000 534 3500 901 892 600 1000 475 512 3000 500 2430 2447 1500 800 2500 995 1080 400 600 326 2000 1588 1000 468 449 300 1500 1130 608 400 20
Slide 24: SMA Sector-wise (Y-o-Y)
SMA Sector-wise (Y-o-Y) (₹ in crores) (₹ in crores) (₹ in crores) (₹ in crores) SMA - RETAIL SMA - AGRI SMA - MSME SMA - OTHERS 1200 1137 400 1800 1200 1078 1594 971 322 1600 1000 1000 906 300 1400 800 800 727 1200 211 927 924 600 577 1000 432 600 200 165 341 800 668 400 400 600 476 200 99 94 46 100
Slide 25: SMA + NPA (Y-o-Y)
SMA + NPA (Y-o-Y) SMA + NPA TREND 5000 15.00% 13.93% 4702 4500 13.00% 4000 11.14% 3500 3515 11.00% 3000 ₹ in crore 2968 In % 2500 9.00% 2000 7.90% 2163 7.00% 1686 1500 5.41% 1000 5.00% 500 3.80% 0 3.00% FY2021 FY2022 FY2023 FY2024 FY2025 SMA + NPA SMA + NPA % www.tmb.in 24
Slide 26: Stressed Assets (Y-o-Y)
Stressed Assets (Y-o-Y) Branch Network 5.00% 4.46% 4.50% 4.03% 4.00% (in %) 3.50% 3.18% 3.00% 2.70% 2.50% 2.01% 2.00% 1.50% (₹ in crores) Particulars FY2021 FY2022 FY2023 FY2024 FY2025 Standard Restructure 187.00 935.15 673.81 503.76 333.80 advances Gross NPA 1084.78 570.92 521.46 575.06 556.13 Tota
Slide 27: NPA Sector-wise (Q-o-Q)
NPA Sector-wise (Q-o-Q) Branch Network (₹ in crores) Q-o-Q Y-o-Y Growth Growth Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 (Q4FY25 (Q4FY25 Over Over Q3FY25) Q4FY24) Retail 29.99 29.77 32.48 36.11 29.65 -17.89% -1.13% Agriculture 50.98 50.51 48.28 56.55 49.63 -12.24% -2.65% MSME 210.10 237.67 229.
Slide 28: SMA Sector-wise (Q-o-Q)
SMA Sector-wise (Q-o-Q) Branch Network (₹ in crores) Q-o-Q Y-o-Y Growth Growth Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 (Q4FY25 (Q4FY25 Over Over Q3FY25) Q4FY24) Retail 727.45 871.82 811.58 752.21 577.16 -23.27% -20.66% Agriculture 94.05 159.45 112.68 124.94 31.02 -75.17% -67.02% MSME 668.21 8
Slide 29: SMA+NPA (Q-o-Q)
SMA+NPA (Q-o-Q) Branch Network (₹ in crores) Q-o-Q Y-o-Y Growth Growth Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 (Q4FY25 (Q4FY25 Over Over Q3FY25) Q4FY24) SMA 1588.47 2034.11 1770.54 1644.57 1130.00 -31.29% -28.86% NPA 575.06 587.66 584.45 576.38 556.13 -3.51% -5.37% SMA+NPA 2163.53 2621.77 235
Slide 30: Restructured Advances (Q-o-Q)
Restructured Advances (Q-o-Q) (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 (Q4FY25 (Q4FY25 Over over Q3FY25) Q4FY24) Advances (Gross) 39970.40 40852.76 42533.25 43649.59 44365.53 1.64% 11.00% Restructured Assets 570.02 532.88 515.85 416.36 377.41 -9.35% -33.
Slide 31: Sector-wise Restructured Accounts (Q-o-Q)
Sector-wise Restructured Accounts (Q-o-Q) (₹ in Crores) Q-o-Q Y-o-Y Growth Growth Sector Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 (Q4FY25 (Q4FY25 Over over Q3FY25) Q4FY24) 1.Retail 153.87 147.71 142.44 136.04 128.40 -5.62% -16.55% 2.AGRI 32.73 31.99 30.61 24.03 17.61 -26.72% -46.20% 3.MSME 302.23 276.64 2
Slide 32: PCR and Collateral Coverage Details as on 31.03.2025
PCR and Collateral Coverage Details as on 31.03.2025 (₹ in Crores) ₹ in Crores Collateral Parameter Advances GNPA GNPA% Provision Coverage Retail 9186 29.65 0.32% 10.79 158.22% Agriculture 18591 49.63 0.27% 30.04 95.13% (₹ in Crores) MSME 13520 208.66 1.54% 89.42 118.36% Others 3069 268.19 8.74% 233
Slide 33: Business / Financial Performance
Business / Financial Pet
Slide 34: Deposits Portfolio
Deposits Portfolio (₹ in Crores) Q-o-Q Y-o-Y FY2025 Growth % Growth % Business Parameters Q3FY25 Q4FY25 (Q4FY25 FY2024 FY2025 (FY2025 over over Q3FY25) FY2024) Bulk Term Deposits CASA Current Account 3,843 4,047 5.31% 4,587 4,047 -11.77% 14% CASA 28% 26% Savings Bank Account 9,945 10,146 2.02% 10,08
Slide 35: New Initiatives – CASA (1/2)
New Initiatives – CASA (1/2) (₹ in Crores) (₹ in Crores) (₹ in Crores) www.tmb.in 34
Slide 36: New Initiatives – CASA (2/2)
New Initiatives – CASA (2/2) (₹ in Crores) (₹ in Crores) Steps taken to improve CASA: ➢ Formation of Transaction Banking Group (TBG), Global NRI Centre (GNC) and Elite Service Group for CASA segmental approach. ➢ Introduced of CBDT, GST Payment Facility. ➢ Tied up with Bajaj Broking for providing 3
Slide 37: Advances Portfolio
Advances Portfolio (₹ in Crores) (₹ in Crores) Q-o-Q Y-o-Y FY2025 Growth % Growth % Particulars Q3FY25 Q4F25 (Q4FY25 FY2024 FY2025 (FY2025 over over Q3FY25) FY2024) Others Gross Advances 43,650 44,366 1.64% 39,970 44,366 11.00% 3068 Retail 7% 9186 Of which MSME 21% 13520 Retail Sector 8,550 9,186 7.
Slide 38: Unsecured Exposure & Exposure to MFI
Unsecured Exposure & Exposure to MFI (₹ in Crores) (₹ in Crores) (₹ in Crores) Amount of Unsecured Exposure Amount of SMA in Unsecured Amount of NPA in Unsecured Sector wise Unsecured Exposure 160.59 279.84 Exposure Exposure 280.00 60.00 KCC 120 100.49 47.95 Education Loan 260.00 50.00 45.31 100 39.
Slide 39: New Initiatives – Asset Business
New Initiatives – Asset Business Business Rule Engine Sourcing Branch Channel and Appraisal various Digital Channel Underwriting with robust for acquisition of new BRE on Straight Through clients and to retain of Process. existing relationship. CMC Omni Channel Platform Credit Management Center Disb
Slide 40: Balance Sheet / P&L
Slide 41: Balance Sheet
Balance Sheet (₹ in Crores) Liabilities (₹ in Crores) As on As on As on As on As on Particulars 31.03.2021 31.03.2022 31.03.2023 31.03.2024 31.03.2025 Capital 142.51 142.51 158.35 158.35 158.35 Reserves and Surplus 4437.47 5193.19 6770.00 7762.86 8850.34 Deposits 40970.42 44933.11 47766.48 49515.07
Slide 42: Financial Performance
Financial Performance (₹ in Crores) 3 Months 12 Months Y-o-Y Y-o-Y Growth % Growth % Financial Parameters Q4FY24 Q4FY25 (Q4FY25 31.03.2024 31.03.2025 (31.03.2025 Over Over Q4FY24) 31.03.2024) Interest Income 1253.70 1341.69 7.02% 4847.91 5291.27 9.15% Non-Interest Income 163.90 200.37 22.25% 644.95
Slide 43: Additional disclosure
Additional disclosure (₹ in Crores) (₹ in Crores) The bank has received a Show Cause Notice issued by the Directorate of Enforcement on 09.11.2017 for ₹1037.39 crore in connection with the issue and allotment of bonus shares to certain shareholders of the bank. The management believes, based on the
Slide 44: New Initiatives – Human Resource Development
New Initiatives – Human Resource Development (₹ in Crores) (₹ in Crores) (₹ in Crores) www.tmb.in 43
Slide 45: Network Expansion
Slide 46: New branches opened in Q4FY25 and FY2024-25
During the Q4FY25, 6 new branches were opened and during FY2024-25, 26 new branches were opened.
Slide 47: External Ratings
External Ratings —
Slide 48: External Ratings – CRISIL
External Ratings CRISIL Ratings Fixed Deposits (short term) A1+ Certificate of Deposits A1+ www.tmb.in 47
Slide 49: Strategic Partners
Tamilnad Strategic Partners “Gonk Lt Q4FY 8089806 & 0 eK
Slide 50: Strategic Partners - Fintech / Business Tie-ups
Strategic Partners - Fintech / Business Tie-ups Insurance Fintech www.tmb.in 49
Slide 51: Thank You
Tamilnad Mercantile Bank Limited No. 57, Victoria Extension Road, Thoothukudi – 628 002, Tamil Nadu, India Investor Contact Investor Relation Advisor Tamilnad Mercantile Bank Ltd Adfactors Pvt Ltd Mr.Sanjoy Kumar Goel, Mr.T.E. Narasimhan Chief Financial Officer E-mail:te.narasimhan@adfactorspr.com M
Tamilnad Mercantile Bank — Q4 FY2025 Earnings Presentation on 6ix