Tata Capital Q3FY26 PAT ₹1,290 Crore, Up 18% QoQ; Motor Finance Achieves Breakeven
Tata Capital reported Q3FY26 consolidated PAT of ₹1,290 crore, up 18% QoQ. AUM increased 7% QoQ to ₹2,60,698 crore. Excluding Motor Finance, PAT grew 39% YoY to ₹1,285 crore, with AUM up 26% YoY to ₹2,34,114 crore. The Motor Finance segment achieved PAT breakeven.
The results show strong financial performance and positive operational milestones, such as the Motor Finance segment achieving breakeven, which are material to the company's overall financial health and future prospects.
The company reported significant year-on-year and quarter-on-quarter growth in AUM and PAT, with key segments achieving breakeven or substantial growth.
Tata Capital Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the consolidated financial results in a meeting held on January 19, 2026.
Consolidated Assets Under Management (AUM) grew by 7% quarter-on-quarter to ₹2,60,698 crore as of December 31, 2025. Profit After Tax (PAT) increased by 18% quarter-on-quarter to ₹1,290 crore. Notably, the Motor Finance business achieved PAT breakeven during this quarter.
Excluding the Motor Finance business, AUM grew by 26% year-on-year to ₹2,34,114 crore. Comparable PAT increased by 39% year-on-year to ₹1,285 crore for Q3FY26. The company highlighted robust credit quality and a gradual uptick in unsecured retail disbursements.
Mr. Rajiv Sabharwal, Managing Director & CEO, Tata Capital, commented on the sustained business momentum and broad-based growth across products. He also expressed optimism about India's growth outlook, underpinned by resilient domestic demand and favorable macroeconomic fundamentals, positioning Tata Capital to leverage these tailwinds.
The acquisition of Tata Motors Finance Limited (Motor Finance) was completed on May 8, 2025. Financial figures including Motor Finance are best viewed on a quarter-on-quarter basis, while figures excluding it can be compared on a year-on-year and quarter-on-quarter basis.
For the nine months ended December 31, 2025, consolidated AUM grew by 26% year-on-year to ₹2,34,114 crore (excluding Motor Finance). Net total income grew by 31% year-on-year to ₹10,125 crore. PAT (excluding non-recurring items) grew by 31% year-on-year to ₹3,436 crore.
The company's material subsidiary, Tata Capital Housing Finance Limited (TCHFL), reported a 30% year-on-year growth in AUM to ₹81,585 crore. TCHFL's PAT (excluding non-recurring items) increased by 25% year-on-year to ₹464 crore.
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