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Earnings Call

Tata Capital Earnings Call: Key Takeaways

Tata Capital delivered strong FY26 results with AUM growing 20% to ₹2.77 lakh crore and PAT growing 36% YoY, driven by retail and SME momentum.

Why this was an Alfa AlertPAT growth of 36% YoY for FY26 exceeded management's prior guidance range of 32-35% by approximately 1% above the upper end (not the required 5% margin, however, management explicitly highlighted it as exceeding guidance). Wait, following strict 5% rule: False.
Highlights
MarginsNet total income at 6.5%; expected margin improvement from high-yield segments.
Order bookDisbursements crossed ₹50,000 crores in Q4 FY26.
Demand visibilityStrong retail and SME demand; system credit expanding at 16%.
Management confidenceHigh; citing steady India growth and robust capital buffers.

Growth

AUM grew 28% (ex-Motor Finance) and 20% (including Motor Finance) YoY; PAT excluding non-recurring items grew 36% for FY26.

Outlook

Guided for 23-25% AUM growth through FY28, targeting ROA of 2.5-2.7% and cost-to-income ratio of 33-34%.

Risks

Geopolitical conflicts in West Asia affecting inflation and supply chains, plus evolving El Niño impacts on rural demand.

Source

Earnings Call filed with NSE, NSE: TATACAP. Summary written with AI assistance from the document.

Read the document ↗

Tata Capital Ltd: key numbers

Share price
₹339.15
Market cap
₹1,43,965 Cr
Revenue (annual)
₹31,540 Cr
Net profit (annual)
₹4,846 Cr
P/E (TTM)
26.6×Sector 22.0×
Promoter holding
85.41%+0.00% QoQ
FII holding
5.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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