Tata Capital earnings calls.

Tata Capital delivered a robust Q3 FY26 with PAT of Rs. 1,257 croreCurrent reported value: Rs. 1,257 crore. No comparable prior figure is available in the source record. (up 15Current reported value: 15. No comparable prior figure is available in the source record.% QoQ including motor finance), driven by highest-ever quarterly AUM growth of Rs. 16,800 crore. Excluding motor finance, AUM reached Rs. 2.34 lakh croreCurrent Rs. 2.34 lakh crore. Reported change: +26% YoY. with 26% YoY growth and PAT of Rs. 1,285 crore (up 39% YoY). Credit costs declined 10bps to 1.2% (consolidated) with Net NPA stable at 0.6-1%, reflecting improving asset quality trends. NIM expanded 14bps to 6.6% while cost-to-income improved to 38.4%. Housing finance subsidiary delivered 30% AUM growth with best-in-class credit costs of 0.1%. Motor finance broke even in Q3 with non-Tata OEM share rising to 19%Current 19%. Reported change: +500bps QoQ., indicating successful portfolio reorientation. The company remains on track to meet FY26 guidance of 18-20% AUM growth with credit costs approaching 1%. Digital adoption remains industry-leading with 97% digital onboarding and 99% digital collections. Risks include competitive intensity in housing/ LAP, seasoning of rapidly grown unsecured book, and motor finance transformation execution.