INTEGRATED FILING — BANKING



General information about company

Scrip code 543596
NSE Symbol TMB
MSEI Symbol NA
ISIN INE668A01016
Name of bank Tamilnad Mercantile Bank Limited
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 23-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 23-Apr-2025   13:30:00
End date and time of board meeting 23-Apr-2025   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? No
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-03-26
Indicate Company website link for updated RPT policy of the Company https://www.tmb.in/doc/Policy%20on%20related%20party%20transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 10869700000 42461800000
Income on investments 2470900000 10174200000
Interest on balances with reserve bank of India and other inter bank funds 73200000 259300000
Others 3000000 17300000
Total interest earned 13416800000 52912600000
2 Other income 2003800000 8504900000
3 Total income 15420600000 61417500000
Expenses
4 Interest expenses 7737700000 29903400000
5 Operating expenses
(i) Employees cost 1777900000 7263400000
(ii) Details of other operating expenses
Description of other operating expenses
1 Rent, taxes and lighting 326200000 1166000000
2 Printing and Stationery 35000000 139300000
3 Advertisement and publicity and Insurance 206100000 758600000
4 Depreciation on Bank's property 240900000 862300000
5 Director's fees, allowances and expenses 6300000 21800000
6 Auditor's fees and expenses(including branch auditors) 5200000 21900000
7 Law charges 3100000 11500000
8 Postages, Telegrams, Telephones, etc 72100000 234500000
9 Repairs and Maintenanace 32300000 166700000
10 Other expenditure 937800000 3410700000
Total other operating Expenses 1865000000 6793300000
Total Operating Expenses 3642900000 14056700000
6 Total expenditure excluding provisions and contingencies 11380600000 43960100000
7 Operating profit before provision and contingencies 4040000000 17457400000
8 Provisions other than tax and contingencies 172200000 1708500000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 3867800000 15748900000
11 Provision for Tax 948800000 3922800000
12 Net profit (loss) from ordinary activities after tax 2919000000 11826100000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 2919000000 11826100000
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 2919000000 11826100000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 1583500000 1583500000
Face value of equity share capital 10 10
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) 88503400000
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 31.24 31.24
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 18.44 74.68
Diluted earnings per share before extraordinary items 18.44 74.68
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 18.44 74.68
Diluted earnings per share after extraordinary items 18.44 74.68
(iv) NPA Ratios
Amount of gross non-performing assets 5561300000 5561300000
Amount of net non-performing assets 1604500000 1604500000
% of gross NPAs 1.25 1.25
% of net NPAs 0.36 0.36
Return on assets 1.81 1.88
21 Disclosure of notes on financial results by banks Textual Information(1)


Text Block

Textual Information(1) (i) Earnings per Share (EPS) not annualised.


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
1 Capital and liabilities
Capital 1583500000
Reserves and surplus 88503400000
Deposits 536889600000
Borrowings 5000000000
Other liabilities and provisions 32522200000
Total Capital Liabilities 664498700000
2 ASSETS
Cash and Balances with Reserve Bank of India 26503800000
Balances with Banks and money at call and short notice 17578700000
Investments 151008000000
Advances 439836700000
Fixed Assets 2844800000
Other Assets 26726700000
Total Assets 664498700000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury 2913600000 12562100000
2 Corporate / Wholesale Banking 1342200000 5797800000
3 Retail Banking 11164800000 43057600000
4 Other Banking Operations 0 0
Total Segment Revenue 15420600000 61417500000
Less: Inter segment revenue 0 0
Income from operations 15420600000 61417500000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 307400000 2565400000
2 Corporate / Wholesale Banking 384900000 1564500000
3 Retail Banking 3175500000 11619000000
4 Other Banking Operations 0 0
Total Profit before tax 3867800000 15748900000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 3867800000 15748900000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 165401000000 165401000000
2 Corporate / Wholesale Banking 67590500000 67590500000
3 Retail Banking 413250400000 413250400000
4 Other Banking Operations 0 0
Total Segment Assets 646241900000 646241900000
Un-allocable Assets 18256800000 18256800000
Net Segment Assets 664498700000 664498700000
4 Segment Liabilities
Segment Liabilities
1 Treasury 171447700000 171447700000
2 Corporate / Wholesale Banking 45245500000 45245500000
3 Retail Banking 336020100000 336020100000
4 Other Banking Operations 0 0
Total Segment Liabilities 552713300000 552713300000
Un-allocable Liabilities 21698500000 21698500000
Net Segment Liabilities 552713300000 552713300000
Disclosure of notes on segments For the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations in compliance with the RBI guidelines. The business operations of the Bank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard-17, the bank is considered to operate only in domestic segment. As per RBI Circular DOR.AUT.REC.12/22.01.001/2022-23 dated April 07, 2022 on establishment of Digital Banking Unit (DBU), for the purpose of disclosure under 'Accounting Standard 17 - Segment Reporting', ‘Digital Banking’ has been identified as a sub-segment under Retail Banking by Reserve Bank of India (RBI). However, as the proposed DBU of the Bank has not yet commenced operations, nothing has been reported under this segment. Previous period figures have been regrouped/reclassified wherever necessary to make them comparable [As per RBI direction, maximum exposure to one counter party upto Rs.7.50 cr has been considered for aggregate retail exposure]




Cash Flow Statement, Indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 862300000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -5300000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 1708500000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 2565500000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables -42499200000
Adjustments for decrease (increase) in other current assets 6413700000
Adjustments for increase (decrease) in trade payables 41738900000
Adjustments for increase (decrease) in other current liabilities -1259500000
Adjustments for provisions 0
Total adjustments for working capital 4393900000
Total adjustments for reconcile profit (loss) 6959400000
Net cash flows from (used in) operations 22708300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3720000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 18988300000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 18988300000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 60600000
Purchase of tangible assets 1052700000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -992100000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -992100000
5 Cash flows from used in financing activities
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 8011500000
Dividends paid 1583500000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items -9595000000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -9595000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8401200000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 8401200000
Cash and cash equivalents cash flow statement at beginning of period 35681200000
Cash and cash equivalents cash flow statement at end of period 44082400000


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Chandran and Raman Yes 30-Apr-2027
2 Sundaram and Srinivasan Yes 30-Sep-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
Total value of transaction during the reporting period





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt