Financial Performance Highlights

Consolidated Financials (USD millions, 1 USD = 94.65 INR):

  • Net AUM reached $29,293mn in Mar-26, showing 20% YoY growth from $24,347mn in Mar-25
  • Total Gross Loans stood at $28,883mn in Mar-26, up 21% YoY from $23,935mn
  • Net Interest Income for FY26 was $1,338mn, an 18% increase from $1,130mn in FY25
  • Fee Income reached $276mn in FY26, growing 32% from $209mn in FY25
  • Profit After Tax (attributable to owners) was $512mn in FY26, a 32% increase from $387mn in FY25
  • Operating Expense ratio improved to 2.4% in FY26 from 2.6% in FY25
  • Credit Cost reduced to 1.2% in FY26 from 1.4% in FY25

Quarterly Performance (Q4 FY26):

  • Net AUM: $29,293mn (6% QoQ growth)
  • Net Interest Income: $367mn (5% QoQ growth)
  • Fee Income: $74mn (5% QoQ growth)
  • Profit After Tax: $159mn (19% QoQ growth)
  • Annualized Return on average equity: 13.9%

Business Segment Performance

Net AUM by Segment (Mar-26):

  • SME Loans: $8,026mn (27.4% of total)
  • Home Loans: $4,670mn (15.9% of total)
  • Loan Against Property: $4,100mn (14.0% of total)
  • Corporate Loans: $4,188mn (14.3% of total)
  • Personal/Business Loans: $2,647mn (9.0% of total)
  • Motor Finance: $2,682mn (9.2% of total)
  • CEQ/Two-Wheeler: $1,493mn (5.1% of total)
  • Other Retail Loans: $1,488mn (5.1% of total)

Asset Quality

As of Mar-26:

  • Gross Stage 3 Loans Ratio: 2.0% (improved from 2.2% in Dec-25)
  • Net Stage 3 Loans Ratio: 0.9% (improved from 1.0% in Dec-25)
  • Provision Coverage Ratio: 56.2% (improved from 53.6% in Dec-25)

Segment-wise Asset Quality (Mar-26):

  • Home Loans: GNPA 1.3%, NNPA 0.6%
  • Loan Against Property: GNPA 1.3%, NNPA 0.6%
  • Personal/Business Loans: GNPA 5.6%, NNPA 1.7%
  • SME: GNPA 0.6%, NNPA 0.2%
  • Corporate: GNPA 0.1%, NNPA 0.0%
  • Motor Finance: GNPA 8.0%, NNPA 5.1%

Balance Sheet Position (Mar-26)

  • Total Net Loans: $28,335mn
  • Investments: $1,005mn
  • Total Assets: $30,691mn
  • Total Borrowings: $24,930mn
  • Networth: $4,845mn
  • Total Equity: $4,718mn

Strategic Initiatives

Digital Transformation:

  • 95% of retail loans sourced digitally
  • 12.5mn+ app downloads across platforms
  • 80+ operational bots delivering 35% productivity increase
  • AI-generated 80% of campaign creatives and 75% of mailers/banners

AI Implementation:

  • 30% increase in underwriting productivity through AI assist
  • 85% adoption rate in SME segment for AI underwriting
  • 2cr+ documents processed through AI document intelligence
  • 87% adoption in Two-Wheeler financing, 90% in MFI

ESG Commitments:

  • Pioneer in Cleantech financing with 600+ projects
  • 30 GW+ renewable capacity financed
  • 10% women in workforce
  • 8 Lakh+ women empowered through MF Loans
  • 3.7+ million lives impacted by CSR projects
  • Board diversity with 5 out of 8 members as independent directors

Credit Ratings

  • Domestic: AAA with stable outlook (CRISIL, ICRA, CARE & India Ratings)
  • International: BBB (S&P Global)

Corporate Action

The merger with Tata Motors Finance Limited became effective on May 8, 2025, with Q1FY26 representing the first quarter of combined operations.