Tata Capital Limited has announced the release of the transcript for its earnings conference call held on January 19, 2026, concerning the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported robust performance, with Assets Under Management (AUM) standing at ₹2.34 lakh crore (excluding Motor Finance business), marking a 26% year-on-year and 9% sequential growth. Profit After Tax (PAT) for the quarter was ₹1,285 crore, a 39% increase year-on-year and 14% quarter-on-quarter. Adjusting for a non-recurring item related to the new labor code, PAT grew 36% year-on-year to ₹1,258 crore. Credit cost for the quarter was 1%, and Net NPA remained stable at 0.6%. Return on Assets (ROA) improved by 30 basis points year-on-year to 2.3%. Including the Motor Finance business, AUM reached ₹2.61 lakh crore with 7% sequential growth. Credit cost was 1.2%, and PAT was ₹1,257 crore, up 15% sequentially. ROA improved to 2.1%. The company highlighted strong AUM growth of approximately ₹16,800 crore in Q3 FY26, driven by festive demand and GST reductions. Retail and SME loans constitute 87% of total AUM. The company is on track to meet its FY26 guidance of 18%-20% AUM growth. Asset quality remained robust, with Stage 3 assets at 1.6% and net Stage 3 at 0.6% (excluding Motor Finance). Credit costs declined to 1%. The company also emphasized its digital transformation initiatives, with 97% of customers digitally onboarded and 98% of customer queries resolved digitally. Tata Capital Housing Finance Limited saw AUM grow 30% year-on-year and PAT increase by 25% year-on-year. The Motor Finance business is being reoriented, with AUM declining by 6% in Q3 but disbursements increasing by 17% over Q2. The business achieved breakeven in Q3 FY26, with growth expected to resume in the first half of FY27. The company reiterated its FY26 guidance and expressed confidence in meeting targets across key metrics.
