Tata Capital Ltd. · NSE:TATACAP
Tata Capital — Q1 FY27 Earnings Presentation
61 slides from Tata Capital's earnings presentation, Jul 28, 2026
Slide 1: Q1FY27 Investor Presentation
Q1FY27 Investor Presentation 28 July 2026
Slide 2: Disclaimer
Disclaimer This presentation is being furnished solely for your information and may not be reproduced or redistributed to any other person or used without the express consent of Tata Capital Ltd. (“Company”). The term “Company” shall include its subsidiaries unless repugnant to the context. This pre
Slide 3: Executive Summary – Q1FY27 Performance Update (1/3)
Executive Summary – Q1FY27 Performance Update (1/3) Key Figures Q1FY27 Performance • 22% YoY growth in consolidated Net AUM | Excl. Motor Finance 28% YoY growth ₹ 2,90,502 Cr ₹ 1,547 Cr • 56% YoY growth in PAT (₹ 1,547 Cr) AUM PAT 22.3% YoY 56.3% YoY • Annualized Credit Cost at 1.0% (vs 1.6% in Q1FY
Slide 4: Executive Summary – Q1FY27 Performance Update (2/3)
Executive Summary – Q1FY27 Performance Update (2/3) Scale ⚫ AUM at ₹ 2,90,502cr (up 22% YoY | up 5% QoQ). Excluding Motor Finance, AUM at ₹ 2,66,057cr (up 28% YoY | up 6% QoQ) ⚫ Net AUM addition in Q1FY27 ₹ 13,227cr QoQ ⚫ Retail + SME constitute 85.4% of Net AUM ⚫ Unsecured Retail loans form 10.3% o
Slide 5: Executive Summary – Q1FY27 Performance Update (3/3)
Executive Summary – Q1FY27 Performance Update (3/3) Operating efficiency ⚫ Net interest income at ₹ 3,571cr (up 25% YoY) ⚫ Cost to average assets remained flat at 2.4% (vs. Q1FY26). Cost to income ratio at 36.4% (vs. 36.8% in Q1FY26) ⚫ On-roll employees count stood at 30,170. Manpower grew at 5% YoY
Slide 6: Company Overview
TATA CAPITAL Company Overview
Slide 7: About Tata Capital
About Tata Capital Group Tata Capital is an upper layer NBFC with a 100% owned housing finance subsidiary 85.4% Tata Sons: 78.8% ~₹ 2.9tn Net AUM as of Jun 30, 2026 Retail & SME form 85.4% of Net AUM Non-lending businesses 100% 100% 100% Distribution of Private Wealth Tata Capital Housing Tata Capit
Slide 8: Our Purpose – Responsible Financial Partner Fulfilling India's Aspirations
Our Purpose – Responsible Financial Partner Fulfilling India’s Aspirations Delivering Delight Lead with Trust We go above and beyond to care and make people We respect and reinforce the trust that is placed in happy; We deliver delight to all stakeholders us. We are the partner the country can rely
Slide 9: Our Journey – Building a Diversified Retail and SME Focused Book
Our Journey – Building a Diversified Retail and SME Focused Book Announced acquisition of Net AUM (₹ bn) ~88.6% stake in Yogloans (Entry into Gold Loans) Successfully listed on NSE and BSE in Oct-25 Credit rating Crossed ₹ 1tn Crossed ₹ 2tn mark in terms of loan book upgrade mark in terms (domestic)
Slide 10: Our Key Strengths
Our Key Strengths 3rd largest diversified Prudent risk culture and NBFC in India with a strong underwriting comprehensive product driving stable asset suite quality Omni-channel Digital, GenAI, and “Phygital” model analytics at the core, powered by nationwide driving superior experiences network, pa
Slide 11: Tata Capital Limited – Financial Performance Summary
Tata Capital Limited – Financial Performance Summary FY25 FY26 Particulars (₹ crores) FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 (ex-TMFL) (ex-TMFL) Assets under management (net) 59,480 74,710 75,096 73,935 90,337 1,16,944 1,57,875 1,96,942 2,30,455 2,51,885 2,77,275 Total Gross loans 60,442 75,96
Slide 12: Entry into Gold Loan Business
Entry into Gold Loan Business
Slide 13: Tata Capital Enters Gold Loans Business through Acquisition of Yogloans
Tata Capital Enters Gold Loans Business through Acquisition of Yogloans Target company • Yogakshemam Loans Ltd. ("Yogloans"), an RBI registered NBFC, primarily dealing in gold loans Transaction type • All-cash transaction Pre-money equity value • Not exceeding ₹ 318 Cr Primary infusion for growth •
Slide 14: Yogloans at a Glance
Yogloans at a Glance Key Metrics • RBI registered NBFC, primarily dealing in gold loans ₹ 708 Cr 162 AUM Gold loan branches • Operating across 4 southern India states (Karnataka, Kerala, (Karnataka 54, Kerala 65, Tamil Nadu 25, Andhra (As of Mar-26) Pradesh 18) Tamil Nadu and Andhra Pradesh) • Led b
Slide 15: Building a National Gold Loan Franchise
Building a National Gold Loan Franchise Acquire Learn Scale Integrate Tata Capital Yogloans One Tata Capital Gold Loan Business Brand trust Gold loan expertise Common LOS/ LMS Capital Operating know-how Unified processes Technology Experienced team Risk framework Funding advantage Core markets Focus
Slide 16: Business Overview
Business Overview
Slide 17: Pan-India "Phygital" Distribution Model
Pan-India “Phygital” Distribution Model Jammu & Kashmir Branch network Chandigarh 1,491 Branches Himachal Pradesh # of branches Punjab 27 States and UTs Uttarakhand 4 1,091 Locations 2.8x Haryana Uttar Pradesh 1,491 Significant addition 2 5 19 Delhi 10 Bihar Leveraging geo-analytics to 34 17 539 ide
Slide 18: Product Offerings – Retail and SME Driven Growth
Product Offerings – Retail and SME Driven Growth Comprehensive product suite which helps manage risk across economic cycles Net AUM: ₹ 2,90,502 cr TCHFL - one of the Retail : SME : Corporate Corporate largest HFCs with best- Home loans 57.7% : 27.7% : 14.6% 14.6% 15.9% in-class return profile Loan a
Slide 19: Business Segment Wise Net AUM
Business Segment Wise Net AUM Amount (₹ cr) % Mix Particulars Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Retail (excl. Motor Finance) 1,15,405 1,18,185 1,23,035 1,29,352 1,36,280 1,43,035 50.1% 49.8% 50.4% 49.6% 49.1% 49.2% Home loans 38,230 39,989 41,096 42,
Slide 20: Product Offerings – Retail
Product Offerings – Retail Net AUM % share in Net Average ticket size Products Description YoY growth (%) (₹ cr) AUM (₹ lakh) Loans to salaried and self-employed individuals through TCHFL Home loans 46,052 15.9% 15.2% 33.0 (51% of Net AUM to salaried individuals) Loan against Secured loans largely t
Slide 21: Product Offerings – SME & Corporate
Product Offerings – SME & Corporate(1) Supply chain finance Equipment finance Leasing solutions(2) • Working capital solutions to distributors • Financing of equipment ranging from heavy • Solutions tailored to SMEs & corporates for and dealers in the form of channel finance machinery to office equi
Slide 22: Scaling High-Margin Products
Scaling High-Margin Products Disbursal IRR Disbursements growth YoY AUM growth YoY Particulars Q1FY27 Q1FY27 vs Q1FY26 Q1FY27 vs Q1FY26 Personal loans 15 – 16% 73% 11% Business loans 17 – 18% 25% 17% Microfinance loans ~25% 90% 28% Affordable 11 –12% Affordable & Micro and LAP 23% 23% Micro 15 –16%
Slide 23: Non-Lending Businesses
Non-Lending Businesses Private Equity Wealth Management Distribution of Insurance ⚫ Currently focused on two themes: ⚫ Offers wealth management ⚫ Holds corporate agent (composite) services for high-net-worth license from IRDAI for the Growth Healthcare individuals and retail clients distribution of
Slide 24: Consolidated Financial Performance
Consolidated Financial Performance Particulars (₹ crores) Q1FY26 Q4FY26 Q1FY27 YoY growth QoQ growth FY25 FY26 YoY growth Assets under management (net) 2,37,508 2,77,275 2,90,502 22% 5% 2,30,455 2,77,275 20% Total Gross loans 2,33,399 2,73,392 2,86,381 23% 5% 2,26,553 2,73,392 21% Total Net loans 2,
Slide 25: Asset Quality Update (1/3)
Asset Quality Update (1/3) Particulars (₹ crores) 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 Total Gross loans 2,33,399 2,39,960 2,57,140 2,73,392 2,86,381 (of which Stage 2) 4,734 4,544 4,243 3,621 3,633 (of which Stage 3) 4,788 5,369 5,747 5,541 5,494 Total Provisions 4,639 4,780 5,040 5,08
Slide 26: Asset Quality Update (2/3)
Asset Quality Update (2/3) Gross Stage 3 Net Stage 3 Provision Coverage Particulars Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Retail (excl. Motor Finance) 2.3% 2.4% 2.5% 2.4% 2.3% 0.9% 0.9% 0.9% 0.9% 0.8% 63.4% 63.0% 63.2% 63.8% 65.2% Ho
Slide 27: Asset Quality Update – Collection Efficiency (3/3)
Asset Quality Update – Collection Efficiency (3/3) Particulars Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Home Loan 99.8% 99.9% 99.8% 99.9% 99.9% 99.8% 99.8% 99.8% 99.9% 99.9% 99.9% 99.9% 99.9% 99.9% 99.8% Loan Against 99.6% 99.7% 99.7% 9
Slide 28: Material Subsidiary TCHFL
TATA CAPITAL Material Subsidiary TCHFL
Slide 29: Tata Capital Housing Finance Limited (TCHFL) Overview
Tata Capital Housing Finance Limited (TCHFL) Overview FY 22 – Q1 FY27 : CAGR 31% AUM 26,384 Cr 27,074 Cr 24,855 Cr 28,604 Cr 36,995 Cr 51,455 Cr 67,252 Cr 86,653 Cr 89,416 Cr FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 PBT 127 Cr 255 Cr 478 Cr 760 Cr 1,101 Cr 1,539 Cr 2,013 Cr 2,457 Cr(1) 713 Cr
Slide 30: TCHFL Portfolio Overview
TCHFL Portfolio Overview Prime and Near Prime Home Loans Loan Against Property Prime & Near • Catering to Metro, Tier 1 & 2 cities • Catering to Salaried & SENP customers Prime HL • Granular Book with ATS of ₹ 30lakhs Prime LAP • Presence in Metro, Tier 1 & 2 cities 40% 21% • Overall LAP ₹ 25,774cr:
Slide 31: TCHFL – Financial Performance Summary
TCHFL – Financial Performance Summary Particulars (₹ crores) Q1FY26 Q4FY26 Q1FY27 YoY growth QoQ growth FY25 FY26 YoY growth Assets under management (net) 71,913 86,653 89,416 24% 3% 67,252 86,653 29% Total Gross loans 71,151 84,439 86,743 22% 3% 66,955 84,439 26% Total Net loans 70,572 83,808 86,14
Slide 32: Motor Finance Update
TATA CAPITAL Motor Finance Update
Slide 33: Motor Finance Business Overview
Motor Finance Business Overview One of India’s leading vehicle financiers Net AUM movement Net AUM mix (Jun-26) Consolidating loan book in line with Realigning portfolio mix to improve strategy to improve business metrics granularity, book yield, and asset quality Net AUM ₹ 24,445 Cr Between Mar-25
Slide 34: Motor Finance Business Update
Motor Finance Business Update • Tata Motors Finance acquisition completed on May 8, 2025. Transformation progressing as planned amid a closely monitored CV cycle. Key Drivers Updates • Tied up with multiple OEMs. Contribution of other OEMs in disbursement of new vehicle loans increasing Disbursement
Slide 35: Liability & Asset Profile
Liability & Asset Profile
Slide 36: Diversified & Stable Liability Profile
Diversified & Stable Liability Profile Highest possible domestic credit rating Int’l credit rating of BBB Access to diverse pool of domestic and AAA with stable outlook 1st USD bond issue in Jan’25 international lenders at competitive rates Diversified Funding Sources (Total Borrowings) ₹ Cr 69,801
Slide 37: Key Ratios
Key Ratios 6.8x 6.9x 6.8x 6.7x 6.6x 6.3x 6.1x 5.1x 5.3x 5.3x 20.2% 19.0% 18.5% 17.2% 16.7% 16.5% 16.8% 16.5% 16.4% 16.2% 16.8% 15.9% 15.6% 15% 13.7% 12.7% 12.7% 11.9% 12.0% 12.0% 11.6% 4.9% 4.9% 4.3% 4.1% 4.1% 3.8% 3.6% 3.4% 3.1% 2.9% Q4FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3FY26 Q4F
Slide 38: ALM Bucketing (Standalone)
ALM Bucketing (Standalone) Cumulative Inflows & Outflows 8% 9% 9% 10% 10% Chart Title 9% 8% (7)% 1% 0% 120% 100% 90% 100% 100% 100% 80% 80% 78% 70% 80% 73% 66% 60% 60% 50% 45% 40% 40% 37% 32% 30% 25% 24% 21% 20% 20% 15% 15% 10% 11% 10% 6% 10% 2% 2% 0% 0% 1 to 7 Days 8 to 14 Days 15 days to 1M 1 to 2
Slide 39: Guidance
Guidance
Slide 40: FY28 Guidance (including Motor Finance)
FY28 Guidance (including Motor Finance) 23% – 25% 33% – 34% < 1.0% < 1.0% AUM CAGR Cost to income Credit cost Net NPA (FY25-28E) > 30% 2.5% – 2.7% 17% – 18% PAT CAGR ROA Return on Equity (FY25-28E) Note: Same as indicated in Q2FY26 investor presentation. 40
Slide 41: Technological Capabilities
Technological Capabilities
Slide 42: Digital First – Essence of Our Organization
Digital First – Essence of Our Organization 1 2 3 Digital DNA AI > Next Customer at the Core • Digital-first NBFC • Harnessing AI to reimagine finance • Every product design, experience, and • Technology at the core of how we and deliver superior customer promise is shaped around customers’ think, w
Slide 43: Digital DNA Driving Impact
Digital DNA Driving Impact Digitizing entire loan lifecycle to improve customer experience and create a seamless & efficient process Onboarding & Underwriting Collections Customer service cross-sales Statistical models for early API-enabled process flows Data integration Omnichannel customer service
Slide 44: Building an AI-First NBFC
Building an AI-First NBFC Scaling AI from individual use cases to enterprise-wide business transformation AI for Customer Engagement AI for Document Intelligence Building an AI-ready Workforce Unified AI voice and interaction platform AI-powered extraction, validation and Enterprise-wide AI learning
Slide 45: AI Embedded Across the Lending Value Chain
AI Embedded Across the Lending Value Chain Customer Acquisition & Portfolio Monitoring & Underwriting Operations Learn Services Onboarding Collections • AI-generated marketing • Credit Intelligence and • Agentic workflows across • AI-powered stock • AI agents supporting content and campaign automate
Slide 46: AI and Digital in Customer Acquisition and Onboarding
AI and Digital in Customer Acquisition and Onboarding AI in Marketing AI in Onboarding 85-90% 60% 75-80% 30 Lakh ~15% Marketing creatives Video and Blogs AI-enabled campaign Customer connects Call center PL sourcing generated using AI made with AI communications (Jun-26) through AI agents (Jul-25 to
Slide 47: AI in Underwriting
AI in Underwriting Documents Adoption across Improvement in Improvement in Document 110+ formats trained ~ 4 Cr Processed through AI 90%+ PL and BL underwriting 35%+ PL & BL processing TAT 30% SME underwriting (till Jun-26) (Q1FY27) (till Jun-26) (Q1FY27) productivity1 Credit Intelligence Engine Cre
Slide 48: AI in Operations
AI in Operations Adoption across Retail application Improvement in Ops cost 95%+ BL, TW & MFI 70% processed via AI 40% Productivity gained 1 ~40% processing TAT 25%+ reduction per (Q1FY27) (Q1FY27) (Q1FY27) file1 Agentic Operations Platform Retail ➢ A unified AI agent platform that operates across R
Slide 49: AI in Services
AI in Services Welcome Email queries Reduction in Draft response 90% calls through AI ~75% Servicing cost 70%+ via AI agents 90%+ resolved on same day per call1 (Jun-26) (till Jun-26) (Jun-26) Agentic Voice Hub Agentic Email Workflow ➢ Handles welcome calls and service requests ➢ Reads customer emai
Slide 50: AI in Portfolio Monitoring and Collections
AI in Portfolio Monitoring and Collections Pre-delinquency calls Early bucket EMI Adoption across Stock audit TAT 100% SME stock 83% reduction per case 95%+ handled through AI assisted bots 30% collections through AI assisted bots monitoring (till Jun-26) (Q1FY27) (till Jun-26) Stock Monitoring Coll
Slide 51: ESG Overview
TATA CAPITAL ESG Overview
Slide 52: Tata Capital ESG Initiatives – Commitments (1/3)
Tata Capital ESG Initiatives – Commitments (1/3) Key Pillars of Sustainability Commitments Board Independence Leadership Commitments Ethical and Diversity toward Sustainability Framework Diverse Board, with five out of eight Strong leadership accountability through 100% of Employees trained in Tata
Slide 53: Tata Capital ESG Initiatives – Sustainability Indicators (2/3)
Tata Capital ESG Initiatives – Sustainability Indicators (2/3) A pioneer in Cleantech financing in the country, TCL has built a robust foundation to push the ESG agenda. Guided by our long term vision and unwavering commitment, we are embedding ESG considerations across our portfolio to power India’
Slide 54: Catalyzing Green Projects Through Cleantech Finance (3/3)
Catalyzing Green Projects Through Cleantech Finance (3/3) Financing green projects through Cleantech Finance In 2011, our erstwhile subsidiary TCCL(1) was set up by our Company and International Finance Corporation, with a primary focus on green and sustainable financing Cleantech Financing 650+ 30G
Slide 55: Tata Capital ESG Initiatives – CSR Flagship Programmes (1/2)
Tata Capital ESG Initiatives – CSR Flagship Programmes (1/2) Key CSR programmes dedicated to environmental impact Vanaropan for JalAadhar The Green Switch Neutrality (VN) Providing Water Security to water- Providing Energy Security to Unelectrified Creating Additional Carbon Sink stressed areas comm
Slide 56: Tata Capital ESG Initiatives – CSR Flagship Programmes (2/2)
Tata Capital ESG Initiatives – CSR Flagship Programmes (2/2) Key CSR programmes dedicated to healthcare and education Aarogyatara Education Eradication of curable blindness Pankh Scholarship | Upskilling Initiatives | Financial Literacy • The company is deeply committed to restoring sight and • Ment
Slide 57: Awards and Recognition
Awards and Recognition Global Environment NBFC and Fintech Bharat NBFC & Fintech Awarded ‘Customer ET Martech Awards 2025 Tata Innovista Award for Best BFSI Brand 2025 by Award 2025 for the Excellence Awards 2026 Summit Awards 2026 for Centric Company of the for Innovative AI & our Gen AI-powered ET
Slide 58: Thank You
| Ss a <x rw) D FE Thank You
Slide 59: Annexures
Annexures
Slide 60: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ crores) Mar-26 Jun-26 Total Net Loans 2,68,203 2,81,083 Investments 9,508 9,861 Other financials assets 12,792 10,770 Total Assets 2,90,504 3,01,714 Total Borrowings 2,35,977 2,45,487 Other financials liabilities 7,419 7,367 Networth 45,861 47,440 Total Equi
Slide 61: Definition of Key Terms
Definition of Key Terms Term Definition Average cost of borrowings ratio Finance cost as a percentage of average total borrowings for the relevant fiscal / period. Computed from the standalone financial statements of the company, as tier I capital divided by total risk weighted assets, in accordance