Tata Capital earnings calls.

Tata Capital delivered a strong Q1 FY27 with consolidated PAT of Rs 1,547 crore, up 56% YoYCurrent reported value: 56% YoY. No comparable prior figure is available in the source record., driven by robust AUM growth of 22% YoY to Rs 2.91 lakh croreCurrent Rs 2.91 lakh crore. Reported change: +22% YoY.. The company achieved this while maintaining best-in-class asset quality with Gross Stage 3 at 1.9% and credit cost at 1%. Housing finance continued its strong momentum with 24% YoY AUM growth and 29% PAT growth. The company successfully raised USD 400 million in Reg S bonds at favorable pricing post-rating upgrade. Management guided for 23-25% AUM growth for FY27, 10bps NIM expansion, and maintained credit cost guidance at 1%. The proposed acquisition of Yogakshem (gold loan, AUM ~Rs 708 crore) will add 162 branches and ~32,000 customers, with plans to scale to Rs 4,000+ crore portfolio in 2.5-3 years. Motor finance turnaround is on track, with legacy portfolio runoff moderating significantly. AI initiatives are delivering tangible efficiency gains across onboarding, underwriting, and collections. Key risks include competitive intensity in gold loan, cost of funds pressure (expected +8-10bps in FY27), and geopolitical uncertainties affecting rural demand.