Tata Capital Ltd Q4 FY26 Results

We delivered a strong close to FY26, with sustained momentum and healthy growth across our businesses. Excluding Motor Finance, AUM grew 28% year on year to ₹2,51,885 crore, while PAT increased 51% year-on-year to ₹1,459 crore in Q4FY26, reflecting the strength of our underlying franchises. Including Motor Finance, our performance was in line with stated guidance, with AUM growth of 20% year-on-year and PAT growth of 43% to ₹1,502 crore. Asset quality continued to improve across segments, with both slippages and credit costs trending lower. The use of artificial intelligence remains a core strategic priority for the organization. This year, our AI-first approach across the lending value chain delivered tangible results: Our portfolio monitoring platform has helped strengthen risk management and reduce our credit cost by ~14bps year-on-year in FY26; Our Voice Hub is being used across sales, service and retention, with voice AI agents now originating 15% of Direct Personal Loan business and carrying out 90% of welcome calls. AI-driven credit assessments now assist underwriting for 80% of our SME portfolio - compressing decision cycles and lifting credit manager productivity by 30%. Our Intelligent Document Processing engine has ingested and processed over 2 crore documents, fundamentally transforming how we originate, verify and quality-control at scale, across our credit and operations functions. These developments have helped reduce our cost income ratio by ~335bps year-on-year in FY26. From a macro standpoint, while we remain vigilant amid evolving geopolitical developments, we are confident in the resilience of India’s economic fundamentals. A steady policy stance and comfortable systemic liquidity continue to provide a supportive environment for credit growth, positioning us well to execute our strategy with discipline and focus.