Tata Capital delivered an impressive opening to the fiscal year, posting a 56% year-on-year surge in consolidated net profit to ₹1,547 crore for the first quarter, up from ₹990 crore in the corresponding period last year. The non-banking financial company’s revenue from operations expanded by over 15% to reach ₹8,822 crore, buoyed by sustained momentum across its core retail and small-and-medium enterprise (SME) lending channels. Driven by persistent credit demand, total assets under management (AUM) grew 22% year-on-year to ₹2.91 lakh crore, while organic portfolio expansion climbed 28% when excluding the acquired motor finance business.
Operational efficiency and strengthening asset quality provided significant tailwinds to the financial results. Annualized credit costs fell to 1.0% from 1.6% a year earlier, and net non-performing assets (NPAs) eased to 0.8%, underscoring disciplined underwriting standards and healthy collection efficiencies. Alongside its financial results, Tata Capital announced an entry into the fast-growing gold loan market by agreeing to acquire an 88.6% stake in RBI-registered lender Yogloans for up to ₹318 crore. CEO Rajiv Sabharwal noted that investments in digital infrastructure and artificial intelligence are driving operational scale while expanding retail offerings, positioning the lender for sustained market growth in upcoming quarters.
