Financial Performance (Standalone - Quarter Ended June 30, 2026)

Income Statement:

  • Revenue from operations: ₹6,334.12 crore (compared to ₹5,574.66 crore in Q1 FY26)
  • Interest income: ₹5,739.03 crore
  • Dividend income: ₹8.76 crore
  • Rental income: ₹144.85 crore
  • Fees and commission income: ₹346.63 crore
  • Net gain on fair value changes: ₹64.70 crore
  • Other income: ₹2.84 crore
  • Total income: ₹6,336.96 crore

Expenses:

  • Finance costs: ₹3,017.36 crore
  • Impairment on financial instruments: ₹669.15 crore
  • Employee benefit expenses: ₹599.88 crore
  • Depreciation, amortization and impairment: ₹141.56 crore
  • Other expenses: ₹566.12 crore
  • Total expenses: ₹4,994.07 crore

Profitability:

  • Profit before tax: ₹1,342.89 crore (compared to ₹762.84 crore in Q1 FY26)
  • Tax expense: ₹343.45 crore (Current tax: ₹434.76 crore, Deferred tax: ₹-91.31 crore)
  • Profit after tax: ₹999.44 crore (76% YoY increase from ₹568.08 crore)
  • Other comprehensive income: ₹38.81 crore
  • Total comprehensive income: ₹1,038.25 crore

Key Metrics:

  • Basic EPS: ₹2.35 (not annualized)
  • Debt equity ratio: 4.32 times
  • Net worth: ₹39,242.68 crore
  • Capital adequacy ratio: 18.46%
  • Gross non-performing assets: 2.45%
  • Net non-performing assets: 1.07%
  • Provision coverage ratio: 56.99%
  • Security cover: 1.84 times

Corporate Actions

Chief Compliance Officer Re-appointment:

  • Ms. Sarita Kamath re-appointed as Chief Compliance Officer for 3 years effective October 1, 2026
  • Based on recommendations of Nomination and Remuneration Committee and Audit Committee
  • Pursuant to RBI circular dated April 11, 2022 on 'Compliance Function and Role of CCO - NBFCs'
  • Profile: Associated with company since June 1, 2009, Bachelor's degree in Commerce and Laws from University of Mumbai, Associate member of ICSI

Acquisition Announcement:

  • Board approved acquisition of Yogakshemam Loans Limited (Yogloans) on July 13, 2026
  • Yogloans is RBI-registered NBFC primarily engaged in gold loan business
  • Acquisition of approximately 88.6% of issued and paid-up share capital on fully diluted basis
  • Pre-money equity valuation not exceeding ₹318 crore, subject to customary adjustments
  • Subject to regulatory approvals and fulfilment of conditions precedent
  • Upon completion, Yogloans will become a subsidiary of Tata Capital Limited

IPO Proceeds Utilization

Fresh Issue Proceeds (₹6,846.00 crore):

  • Augmenting Tier-I capital base: ₹6,696.60 crore (fully utilized)
  • Estimated issue expenses: ₹149.40 crore (₹118.46 crore utilized, ₹30.94 crore unutilized)
  • No deviation or variation in use of proceeds
  • Monitoring agency: CARE Ratings Limited

Share Details:

  • IPO comprised 47,58,24,280 equity shares (face value ₹10 each)
  • Fresh issue: 21,00,00,000 equity shares
  • Offer for sale: 26,58,24,280 equity shares
  • Issue price: ₹326 per share (including premium of ₹316)
  • Allotment date: October 9, 2025
  • Listing date: October 13, 2025 on NSE and BSE
  • Post-issue capital increase: ₹210 crore (share capital) + ₹6,636 crore (securities premium)

Segment-wise Performance (Standalone)

Financing Activity:

  • Revenue: ₹6,119.23 crore
  • Segment result: ₹1,294.86 crore
  • Assets: ₹2,04,771.44 crore
  • Liabilities: ₹1,72,994.85 crore

Investment Activity:

  • Revenue: ₹28.69 crore
  • Segment result: ₹17.78 crore
  • Assets: ₹6,263.40 crore
  • Liabilities: ₹20.18 crore

Others:

  • Revenue: ₹175.08 crore
  • Segment result: ₹30.25 crore
  • Assets: ₹2,344.55 crore
  • Liabilities: ₹1,704.19 crore

Board Meeting Details

  • Meeting held on July 28, 2026
  • Commenced at 1:30 PM, concluded at 3:35 PM
  • Approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026

Consolidated Financial Highlights (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹8,821.93 crore
  • Total income: ₹8,825.38 crore
  • Profit before tax: ₹2,159.12 crore
  • Profit after tax: ₹1,628.18 crore
  • Total comprehensive income: ₹1,669.18 crore
  • Basic EPS: ₹3.65 (not annualized)
  • Net worth: ₹46,261.29 crore
  • Total debt to total assets: 81.36%

Annexures Included

  • Annexure A: Details of CCO re-appointment as per SEBI Master Circular
  • Annexure 1: Additional information on NCD proceeds utilization
  • Annexure 2: Statement of utilization of issue proceeds
  • Annexure 3: Statement on deviation/variation for public issue proceeds
  • Annexure 4: Security cover certificate as on June 30, 2026

Auditors' Review

  • Limited review conducted by joint statutory auditors
  • Unmodified opinion on both standalone and consolidated financial results
  • Review conducted in accordance with SRE 2410 issued by ICAI