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Earnings Call Transcript

Tata Capital Earnings Call Transcript: Key Takeaways

Tata Capital reports a robust start to FY27 following a historic IPO, focusing on digital/AI integration and expanding into gold loans.

Tata Capital Ltd NSE: TATACAP Alert sent Call transcript
Guidance and delivery
Management target Revenue 23.0% FY28
Highlights
Revenue growth20% YoY growth in Net Total Income to ₹15,597 Cr.
MarginsNIMs at 5.05% in Q1 FY27; facing slight pressure from cost-of-funds.
Demand visibilityStrong structural demand in housing, MSME, and retail segments.
Management confidenceHigh; emphasizing structural growth and Tata brand trust post-listing.

Growth

AUM grew 20% YoY in FY26 to ₹2.77 lakh Cr, continuing momentum into Q1 FY27 with ₹2.91 lakh Cr AUM.

Outlook

Management reiterated FY28 targets: AUM CAGR 23-25%, ROA 2.5-2.7%, and ROE 17-18%.

Risks

Integration of Tata Motor Finance creates temporary pressure on GNPA (2.61%); regulatory tightening on unsecured lending remains a watchout.

Last quarter's promises, checked

Delivered

  • Guided 23-25% AUM CAGR → delivered 22-28% AUM growth (= BEAT)
  • Guided ~1% Credit Cost → delivered 1% Credit Cost (= BEAT)
  • Guided 33-34% Cost-to-Income by FY28 → delivered 36.4% in Q1 (= BEAT)

Partly delivered

  • Guided 2% ROA for Motor Finance by FY28 → delivered profitable status in Q1 (= PARTIAL)
Source

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

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Tata Capital Ltd: key numbers

Share price
₹309.30
Market cap
₹1,31,294 Cr
Revenue (annual)
₹31,540 Cr
Net profit (annual)
₹4,846 Cr
P/E (TTM)
22.0×Sector 19.7×
Promoter holding
85.41%+0.00% QoQ
FII holding
5.06%Current quarter

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

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