Tamilnad Mercantile Bank Share Price Gains Over 12% on Strong Financial Performance for FY26; Net Profit up 28% YoY

Tamilnad Mercantile Bank has announced its audited financial results for the quarter and financial year ended March 31, 2026.  

The bank reported a significant increase in both total income and net profit, reflecting a robust financial performance. 

Tamilnad Mercantile Bank Q4 FY26 Earnings Results 

For the quarter ending March 31, 2026, Tamilnad Mercantile Bank's total income rose by 16.2% year-on-year (YoY) to ₹1,792.14 crore, compared to ₹1,542.06 crore in the same period last year.  

Sequentially, the income increased by 7.6% from ₹1,665.42 crore in the December 2025 quarter.  

The bank's net profit for the quarter also saw a substantial rise of 28% YoY, reaching ₹373.65 crore, up from ₹291.90 crore a year ago, and a 9.4% increase from ₹341.50 crore in the previous quarter. 

Annual Financial Performance of Tamilnad Mercantile Bank 

For the financial year 2025-26, Tamilnad Mercantile Bank's total income increased by 9% YoY to ₹6,696.49 crore, up from ₹6,141.75 crore in the previous year.  

The net profit for the year rose by 13.1% YoY to ₹1,337.55 crore, compared to ₹1,182.61 crore in FY25. This growth in income and profit demonstrates the bank's strong operational performance and effective management strategies. 

Final Dividend Recommendation 

The Board of Directors has recommended a final dividend of ₹12.50 per equity share of face value ₹10 each, marking a 125% payout for the financial year 2025-26.  

This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dates for the AGM and the record date for dividend payment will be announced in due course. 

Read More: Axis Bank FY26 Results: Fee Income Rises 9%, Profit Falls 7% YoY; Dividend Announced! 

Tamilnad Mercantile Bank Share Price Performance 

As of April 27, 2026, at 1:59 PM, Tamilnad Mercantile Bank share price on NSE was trading at ₹720.25 up by 12.56% from the previous closing price. 

Conclusion 

Tamilnad Mercantile Bank's financial results for FY26 highlight a period of strong growth and profitability. The increase in total income and net profit, along with the proposed dividend, reflects the bank's successful strategies in navigating the financial landscape. 

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