Tata Capital Limited — Investor Meet, 29-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Capital held an earnings conference call to discuss the financial results for the quarter and year ended March 31, 2026.

**Financial Performance & Outlook:**

* **Excluding Motor Finance:** AUM grew 28% YoY to INR2.52 lakh Cr. Profit after tax (PAT) surged 51% YoY to INR1,459 Cr, with net NPA at 0.5%. Return on assets (ROA) improved to 2.5%.

* **Including Motor Finance:** AUM grew 20% YoY to INR2.77 lakh Cr. PAT increased 16% sequentially to INR1,502 Cr.

* Management expressed optimism for the next year, but remains watchful of the uncertain external environment, particularly geopolitical developments and El Niño conditions.

* Growth is balanced across segments, with retail and SME forming 86% of AUM. Housing finance AUM grew 29% YoY.

* The integration of Tata Motor Finance is progressing well, with the business achieving breakeven in Q3 FY26 and reporting a PAT of INR43 Cr in Q4.

**Operational & Strategic Highlights:**

* The company is leveraging AI across the lending value chain, with initiatives like Underwriting Assist reducing credit memo preparation time significantly.

* Cost-to-income ratio improved to 38.3% for FY26, a 335 bps YoY improvement.

* Funding profile remains stable with strong liquidity buffers of approximately INR29,500 Cr.

**Investor Sentiment:** The management appears confident in their strategy and well-positioned to meet guidance, with a focus on quality-led growth and risk management.