loader2
Login Open ICICI 3-in-1 Account
Text Size
Text to Speech
Color Contrast
Pause Animations
Open ICICI 3-in-1 Account

Tata Capital Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Tata Capital Ltd. 19 Jan 2026 17:24 PM
Result PDF

Q3FY26 Quarterly Result Announced for Tata Capital Ltd.

Finance company Tata Capital announced Q3FY26 results

  • Assets under management grew by 26% YoY to Rs 2,34,114 crore as on December 31, 2025, from Rs 1,86,404 crore as on December 31, 2024.
  • Net total income grew by 33% YoY to Rs 3,594 crore in Q3FY26 from Rs 2,711 crore in Q3FY25.
  • Annualized operating expense on average net loan book improved to 2.3% in Q3FY26 from 2.4% in Q3FY25.
  • Cost to income ratio stood at 35.7% in Q3FY26 vs 40.1% in Q3FY25.
  • Annualized credit cost was 1.0% in Q3FY26 vs 1.1% in Q2FY26.
  • PAT (excluding non-recurring items) grew by 39% YoY to Rs 1,285 crore in Q3FY26 from Rs 922 crore in Q3FY25. Including such items, PAT grew by 36% YoY.
  • Annualized ROA at 2.3% in Q3FY26 vs 2.0% in Q3FY25.
  • Annualized ROE at 14.3% in Q3FY26 vs 14.1% in Q3FY25.
  • Gross stage 3 stood at 1.6% as of December 31, 2025.
  • Net stage 3 stood at 0.6% as of December 31, 2025.
  • Provision coverage ratio stood at 64.5% as of December 31, 2025.

Rajiv Sabharwal, Managing Director & CEO, Tata Capital, said, “We witnessed sustained business momentum in Q3FY26, with broad-based growth across products. Excluding Motor Finance, AUM grew 26% YoY to Rs 2,34,114 crore, and comparable  PAT increased by 39% year-on-year to Rs 1,285 crore for Q3FY26. Credit quality continued to remain robust, with early leading indicators reflecting stable portfolio performance across segments. Unsecured retail disbursements, which were moderated earlier as a prudent risk measure, have seen a gradual uptick, with slippages coming down. Our distribution network and strategic focus on digital and GenAI capabilities, continue to drive operating efficiencies."

“In Q3FY26, our AUM grew 7% QoQ and PAT rose 18% to Rs 1,290 crore. Our Motor Finance segment achieved PAT breakeven this quarter, and we remain focused on executing our strategic priorities."

"India’s growth outlook remains robust, underpinned by resilient domestic demand, favorable demographics, and strong macroeconomic fundamentals. Recent policy initiatives - such as GST rationalization, tax relief measures, repo rate cuts, and accommodative liquidity policies - are expected to further stimulate consumption and economic activity. We are well-positioned to leverage these tailwinds, contribute to India’s long-term growth, and deliver sustainable value for all stakeholders."

Result PDF

Result PDF

Finance company Tata Capital announced Q2FY26 results

  • Retail SME constitutes ~88% of gross loan book.
  • Retail unsecured forms 11.6% of gross loan book.
  • Pan India network of 1,479 branches across 27 states and union territories.
  • Focused on improving business metrices in Motor Finance (~10% of gross loans) before accelerating growth.
  • AUM grew by 3% QoQ to Rs 2,43,896 crore as on September 30, 2025 from Rs 2,37,508 crore as on June 30, 2025.
  • Net total income grew by 4% QoQ to Rs 3,774 crore in Q2FY26 from Rs 3,626 crore in Q1FY26.
  • Annualized operating expense on average net loan book of 2.6% in Q2FY26 vs. 2.4% in Q1FY26.
  • Cost to income ratio stood at 39.7% in Q2FY26 vs. 36.8% in Q1FY26.
  • Annualized credit cost of 1.3% in Q2FY26 vs. 1.6% in Q1FY26.
  • Profit after tax grew by 11% QoQ to Rs 1,097 crore in Q2FY26 from Rs 990 crore in Q1FY26.
  • Annualized ROA at 1.9% in Q2FY26 vs. 1.8% in Q1FY26.
  • Annualized ROE at 12.9% in Q2FY26 vs. 12.5% in Q1FY26.
  • Gross stage 3 stood at 2.2% | Net stage 3 stood at 1.1% | Provision coverage ratio stood at 52.8% as of September 30, 2025.
  • Total equity as of Sep-25 at Rs 35,081 crore and including primary portion of IPO at Rs 41,777 crore.
  • Capital risk adequacy ratio stood at 17.3% as of September 30, 2025 and 21.5% including the IPO proceeds.
  • Credit rating of “AAA with stable outlook” from each of CRISIL, ICRA, CARE and India Ratings. S&P Global Ratings upgraded the long-term rating from ‘BBB-/Positive’ to ‘BBB/Stable’ and the shortterm rating from ‘A-3’ to ‘A-2.

Rajiv Sabharwal, Managing Director & CEO, Tata Capital, said: “Q2FY26 was a strong quarter marked by broad-based momentum. Excluding Motor Finance, AUM grew 22% YoY, driven by sustained growth across all segments and PAT rose 33% to Rs 1,128 crore, reflecting the strength of our diversified and well-managed portfolio. Credit quality remains robust across categories, resulting in 30bps drop in annualized credit cost in Q2FY26 over Q1FY26. Further, we continue to leverage our digital and GenAI capabilities for improving customer experience and operating efficiency. On the macro front, the recent GST reduction is expected to provide a fillip to consumption, creating a supportive environment for higher growth in second half of FY26. We remain fully committed to build on this momentum and deliver consistently for all stakeholders”.

Result PDF

Trending News

Nestle India adds 20,500 tonnes of Maggi capacity at Sanand facility

Nestle India has announced addition of 20,500 tonnes/annum of Maggi capacity at Sanand facility. 

Published on 02-Apr-2026 09:19

Power Grid wins transmission project for 2.7 GW of renewable energy capacity at Tumkur-II, Karnataka

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) for a transmission project aimed at integrating 2.7 GW of additional renewable energy capacity at Tumkur-II, Karnataka. 

Published on 02-Apr-2026 09:18

Tata Power resumes operations at 4,150 MW Mundra thermal power plant

Tata Power Company Limited has resumed operations at its 4,150 MW Mundra thermal power plant in Gujarat from April 1, 2026, after a nine-month shutdown. 

Published on 02-Apr-2026 09:17

Indian Bank's gross advances grow 13.6% YoY to ₹6,680 lakh crore

Indian Bank reported steady business growth in Q4FY26 (provisional), with gross advances rising to ₹6.68 lakh crore, up 13.6% YoY (4.5% QoQ). 

Published on 02-Apr-2026 09:16

South Indian Bank's gross advances grow 15.7% YoY to ₹101,295 crore

South Indian Bank reported steady business growth in Q4FY26 (provisional), with gross advances rising to ₹1,01,295 crore, up 15.7% YoY (4.7% QoQ). 

Published on 02-Apr-2026 09:15

Karnataka Bank's gross advances grow 6.9% YoY to ₹83,336.9 crore

Karnataka Bank reported healthy sequential business growth in Q4FY26 (provisional), with gross advances rising to ₹83,336.9 crore, up 6.9% YoY (7.8% QoQ). 

Published on 02-Apr-2026 09:14

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Get it on google Play Store Download on the App Store
market app