Tata Capital Q3FY26 Results: Net Profit Rises 9.9% YoY to ₹789.86 Crores on Strong Revenue Growth

Tata Capital Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on January 19, 2026, with the company demonstrating strong financial performance across key metrics.

Standalone Financial Performance

The company delivered robust standalone results for Q3FY26, with net profit increasing 9.9% year-on-year to ₹789.86 crores compared to ₹718.76 crores in Q3FY25. Total income grew 7.6% to ₹5,786.08 crores from ₹5,375.49 crores in the corresponding quarter of the previous year.

Metric:	Q3FY26	Q3FY25	Change (%)
Net Profit:	₹789.86 cr	₹718.76 cr	+9.9%
Total Income:	₹5,786.08 cr	₹5,375.49 cr	+7.6%
Interest Income:	₹5,219.64 cr	₹4,901.40 cr	+6.5%
Revenue from Operations:	₹5,783.28 cr	₹5,367.74 cr	+7.7%

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company maintained its growth trajectory with net profit of ₹2,018.55 crores compared to ₹1,939.49 crores in the previous year, marking a 4.1% increase. Total income for the period reached ₹16,978.46 crores against ₹16,244.45 crores in the corresponding period of FY25.

Parameter:	9M FY26	9M FY25	Growth (%)
Net Profit:	₹2,018.55 cr	₹1,939.49 cr	+4.1%
Total Income:	₹16,978.46 cr	₹16,244.45 cr	+4.5%
Interest Income:	₹15,320.49 cr	₹14,109.43 cr	+8.6%

Revenue Composition and Operational Metrics

Interest income remained the primary revenue driver, contributing ₹5,219.64 crores in Q3FY26 compared to ₹4,901.40 crores in Q3FY25. Fees and commission income increased to ₹361.61 crores from ₹286.27 crores, while rental income grew significantly to ₹125.33 crores from ₹76.87 crores in the previous year quarter.

The company's expense management showed mixed results, with total expenses rising to ₹4,688.23 crores in Q3FY26 from ₹4,420.81 crores in Q3FY25. Finance costs decreased to ₹2,678.12 crores from ₹2,765.32 crores, while impairment on financial instruments increased to ₹753.48 crores from ₹548.91 crores.

Balance Sheet Strength and Key Ratios

The company's financial position strengthened considerably, with net worth increasing to ₹37,359.37 crores as of December 31, 2025, from ₹26,022.25 crores in the previous year. The debt-equity ratio improved significantly to 3.95 times from 5.40 times, indicating better capital structure management.

Financial Metric:	Dec 31, 2025	Dec 31, 2024
Net Worth:	₹37,359.37 cr	₹26,022.25 cr
Debt-Equity Ratio:	3.95x	5.40x
Gross NPAs (%):	2.90%	2.29%
Net NPAs (%):	1.37%	0.95%
Capital Adequacy Ratio:	20.26%	16.26%

IPO Impact and Capital Augmentation

The company successfully completed its Initial Public Offering in October 2025, raising ₹6,846 crores through fresh issue of equity shares. The IPO proceeds were primarily utilized for augmenting Tier-I capital base, with ₹6,696.60 crores deployed for this purpose during the quarter. The company's equity shares were listed on NSE and BSE on October 13, 2025.

Exceptional Items and Regulatory Changes

The company reported exceptional charges of ₹36.15 crores in Q3FY26 related to the implementation of new Labour Codes notified by the Government of India in November 2025. These codes consolidate 29 existing labour laws and resulted in incremental compliance costs for the company.

Consolidated Results Overview

On a consolidated basis, the company reported net profit of ₹1,264.74 crores for Q3FY26 compared to ₹1,050.37 crores in Q3FY25, representing a 20.4% increase. Consolidated total income grew to ₹7,978.85 crores from ₹7,111.18 crores in the previous year quarter. The consolidated net worth stood at ₹43,517.82 crores as of December 31, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.25%	+0.07%	+10.44%	+9.00%	+9.00%	-64.99%

Tata Capital Limited has announced an earnings conference call to discuss its Q3FY26 financial performance. The company informed stock exchanges about the scheduled call through a regulatory filing dated January 12, 2026, in compliance with SEBI listing regulations.

Conference Call Details

The earnings conference call is scheduled for Monday, January 19, 2026 at 5:15 PM IST. The call will focus on the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Parameter:	Details
Date:	Monday, January 19, 2026
Time:	5:15 PM IST
Purpose:	Q3FY26 and 9M FY26 Results Discussion
Results Period:	Quarter and nine months ended December 31, 2025
Host:	IIFL Capital Services Limited

Key Participants

The conference call will feature senior leadership from Tata Capital Limited. The key participants include:

Mr. Rajiv Sabharwal - Managing Director & CEO
Mr. Rakesh Bhatia - Chief Financial Officer
Senior Management Team

Dial-in Information

The company has provided comprehensive dial-in details for both domestic and international participants:

Access Type:	Details
Universal Dial-in:	+91-22-6280 1259, +91-7115 8160
USA Toll-Free:	1 866 746 2133
UK Toll-Free:	0 808 101 1573
Singapore Toll-Free:	800 101 2045
Hong Kong Toll-Free:	800 964 448

Participants are advised to dial in 10 minutes prior to the conference schedule to ensure timely connection. A Diamond Pass Link for express joining has also been made available.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to both BSE Limited (Scrip Code: 544574) and National Stock Exchange of India Ltd. (Symbol: TATACAP), signed by Sarita Kamath, Chief Legal and Compliance Officer & Company Secretary.

Contact Information

For further information regarding the conference call, participants can contact Viral Shah at IIFL Capital Services Limited (Tel: +91 224646 4781, Email: viral.shah@iiflcap.com ). The call includes standard safe harbor provisions regarding forward-looking statements and market risks associated with securities investments.