Tata Capital’s consolidated Q2 net profit jumps 51% to ₹1,660 cr

Tata Capital Ltd (TCL) reported a 51 per cent year-on-year (y-o-y) jump in second-quarter (Q2 FY27) consolidated net profit to ₹1,660 crore, supported by a healthy increase in net interest income and a decline in loan loss provisions.

The NBFC’s consolidated results include the financial performance of its material subsidiary, Tata Capital Housing Finance Ltd (TCHFL). It reported a net profit of ₹1,097 crore in the year ago period.

Net interest income was up 23 per cent to ₹3,696 crore (₹3,006 crore).

Fee income rose 9 per cent to ₹725 crore (₹663 crore). Loan loss provisions declined 16.6 per cent to ₹645 crore (₹773 crore).

Consolidated loan book increased 26 per cent y-o-y to ₹3,08,030 crore as at September-end. The proportion of retail loans (excluding motor finance) and motor finance declined to 49 per cent (from 50.4 per cent a year ago) and 7.7 per cent (11.6 per cent) in the loan book, respectively. However, the proportion of SME and corporate loans increased to 28.7 per cent (26.3 per cent) and 14.6 per cent (11.7 per cent), respectively.

Rajiv Sabharwal, MD and CEO, said: “We achieved a significant milestone during the quarter, with our loan book crossing ₹3 lakh crore, underscoring the scale, diversification and resilience of our franchise... we remain focused on pursuing growth in a disciplined manner.”