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Tamilnad Mercantile Bank Q4 Results: Shares rally 8% as profit rises 28%; dividend declaredTamilnad Mercantile Bank reported strong Q4 growth with profit rising 28% and NII up 24%, while asset quality improved. Shares gained over 8% and the bank announced a ₹12.50 dividend.By Sheersh Kapoor  April 27, 2026, 2:02:26 PM IST (Published)1 Min ReadTamilnad Mercantile Bank reported a strong March quarter performance on April 27, with net profit rising 28% year-on-year to ₹374 crore from ₹292 crore, supported by healthy growth in core income.

Net interest income (NII) for the quarter increased 24% to ₹704.4 crore, compared with ₹568 crore a year ago, reflecting steady traction in lending operations.

Asset quality saw further improvement during the quarter. Gross non-performing assets (NPA) declined to 0.73% from 0.91% sequentially, while net NPA eased to 0.18% from 0.20%, indicating stable credit performance and lower stress levels.

Following the earnings announcement, shares of the bank rose sharply, hitting an intraday high of ₹694 on the NSE, up over 8% on Monday, as investors reacted positively to the improved profitability and asset quality trends.

The bank’s board has recommended a final dividend of ₹12.50 per equity share of face value ₹10 each, translating to a 125% payout for FY26, subject to shareholder approval at the upcoming annual general meeting.

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The results highlight a steady operating performance, with strong income growth and improving asset quality underpinning overall financial stability during the quarter.Continue ReadingTagsearningsQ4 resultsshare market todayTamilnad Mercantile Bank