TMB reports 15% growth in net profit in Q4 FY25
CHENNAI: Private sector Tamilnad Mercantile Bank (TMB) on Wednesday posted a 15% increase in net profit in the quarter ended March 31, 2025 at Rs 291 crore against Rs 253 crore in the corresponding quarter last year.
The gross NPA in Q4 FY25 reduced to 1.25% from 1.44% in the same quarter of FY24. The Tuticorin-headquartered bank’s net NPA declined to 0.36% during the Jan-March quarter of FY25, which was at 0.85% in the fourth quarter of the previous year.
Its deposits grew by 8.4% at Rs 53,688 crore in the quarter ended March 31, 2025 from Rs 49,515 crore in the corresponding quarter of FY24. The advances as on March 31, 2025 stood at Rs 43,983 crore, an increase by 10.7% over the same period last year at Rs 39,733 crore.
Meanwhile, the board of directors have recommended a final dividend of Rs 11 per equity share of the face value Rs 10 for the financial year 2024-25.
The gross NPA in Q4 FY25 reduced to 1.25% from 1.44% in the same quarter of FY24. The Tuticorin-headquartered bank’s net NPA declined to 0.36% during the Jan-March quarter of FY25, which was at 0.85% in the fourth quarter of the previous year.
Its deposits grew by 8.4% at Rs 53,688 crore in the quarter ended March 31, 2025 from Rs 49,515 crore in the corresponding quarter of FY24. The advances as on March 31, 2025 stood at Rs 43,983 crore, an increase by 10.7% over the same period last year at Rs 39,733 crore.
Meanwhile, the board of directors have recommended a final dividend of Rs 11 per equity share of the face value Rs 10 for the financial year 2024-25.
