In Q4FY26, Tata Capital noted that Assets Under Management (AUM), excluding motor finance, grew by 28% year-on-year to ₹2,51,885 crore as of March 31, 2026, compared to ₹1,96,942 crore as of March 31, 2025. Profit after tax surged 51% year-on-year to ₹1,459 crore in Q4FY26 from ₹964 crore in Q4FY25.
On a consolidated basis, including motor finance, AUM increased by 6% quarter-on-quarter to ₹2,77,275 crore as of March 31, 2026, up from ₹2,60,698 crore as of December 31, 2025. Profit after tax (excluding non-recurring items) rose 16% quarter-on-quarter to ₹1,502 crore in Q4FY26 from ₹1,290 crore in Q3FY26. When including non-recurring items, PAT increased by 19% quarter-on-quarter and 43% year-on-year.
A consolidated basis, including motor finance, showed AUM growth of 6% quarter-on-quarter to ₹2,77,275 crore as of March 31, 2026, compared to ₹2,60,698 crore as of December 31, 2025. Profit after tax (excluding non-recurring items) registered a 16% quarter-on-quarter increase to ₹1,502 crore in Q4FY26 from ₹1,290 crore in Q3FY26, while including such items, PAT increased by 19% quarter-on-quarter and 43% year-on-year.
The annualised credit cost stood at 0.8% in Q4FY26 compared to 1% in Q3FY26. Profit after tax rose 51% year-on-year to ₹1,459 crore from ₹964 crore. The return on assets (RoA) was 2.5% versus 2.1% in Q4FY25, and the return on equity (RoE) was 14.6% compared to 14.2%. Gross stage 3 stood at 1.5%, net stage 3 at 0.5%, with a provision coverage ratio of 65.1% as of March 31, 2026.
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On a consolidated basis, including motor finance, the retail and SME segments represented around 86% of net AUM, while unsecured retail comprised 10.3% of net AUM. Motor finance made up about 9% of net AUM, as the company aimed to enhance business metrics before scaling growth. The branch network consisted of 1,477 branches across 27 states and union territories.
Net total income saw a 2% sequential increase to ₹4,146 crore from ₹4,052 crore. Operating expenses related to the average net loan book remained at 2.5% in Q4FY26, compared to Q3FY26, while the cost-to-income ratio was at 38.3% versus 38.4%.
Annualised credit cost improved to 0.9% from 1.2% QoQ. RoA stood at 2.3% compared to 2.1%, and RoE at 13.9% versus 13.1%. Gross stage 3 was at 2.0%, net stage 3 at 0.9%, with a provision coverage ratio of 56.2%. Total equity reached ₹44,658 crore, alongside a capital risk adequacy ratio of 19.0%.
Tata Capital has proposed a final dividend of ₹0.57 per equity share of face value ₹10 each for the financial year ending March 31, 2026, pending shareholder approval at the forthcoming annual general meeting. The dividend will be distributed after approval at the AGM.
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The wholly-owned subsidiary reported a 29% year-on-year growth in AUM to ₹86,653 crore, up from ₹67,252 crore. Net total income increased by 26% to ₹1,016 crore in Q4FY26 from ₹808 crore last year. The cost-to-income ratio improved to 29.4% from 32.0%. Credit cost stood at ₹24 crore, annualised at 0.1% of the average net loan book.
RoA was at 2.6% versus 2.4%, and RoE at 19.9% compared to 18.6%. Gross stage 3 was at 0.7%, net stage 3 at 0.3%, and the provision coverage ratio was 55.1%. The capital adequacy ratio stood at 17.6% as of March 31, 2026.
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Tata Capital Ltd’s shares closed at ₹340.40, up by ₹2.85, or 0.84%, on the BSE today, April 23.
