Tata Capital Ltd
Tata Capital Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #10 of 59 in Finance
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The short version
Tata Capital expects full-year AUM growth of 22%-25% excluding Motor Finance and 18%-20% on a merged basis for FY'26, with H2 anticipated to perform better than H1. Tata Capital expects strong growth with AUM increasing 22%-25% excluding Motor Finance and 18%-20% on a merged basis for FY'26.
From Tata Capital Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Tata Capital expects full-year AUM growth of 22%-25% excluding Motor Finance and 18%-20% on a merged basis for FY'26, with H2 anticipated to perform better than H1.
- Over the next 3 years, a CAGR of 23%-25% growth is projected, with housing finance growing fastest, followed by Retail, SME, and Emerging/Mid-Corporate segments.
- Motor Finance is expected to be flat or slightly degrowing in FY'26, with growth resuming beyond Q4 FY'26 post-transformation.
- Affordable Housing is a key growth driver, with competitive pricing strategy to capture quality customers.
- Retail unsecured loans are approached cautiously due to high risks and yields (~36%).
2 more points from Tata Capital Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Tata Capital has made significant investments in technology and digital infrastructure, with over INR 2,000 crores invested over the last 6 years.
- Focus on AI-led transformation with multiple AI projects already in production across domains, using multi-LLM architecture, vector databases, and RAG pipelines.
- Continued investments in technology, data infrastructure, and branch expansion over the past 3 years have improved operating leverage.
- Integration costs related to the merger with Tata Motors Finance are estimated at around INR 100 crores for the full year.
2 more points from Tata Capital Ltd's call on capex
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Top-ranked in Finance
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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What Tata Capital's management said in earlier quarters
Others in Finance this season
- Akiko Global Services Ltd (Q2 FY26)
Revenue from Operations (Consolidated) for FY25: ₹76.3 crore . Key investor presentation takeaways from Akiko Global Services Ltd's Q2 FY26 investor presentatio
- Akme Fintrade (Q2 FY26)
Gross Interest Income: ₹64.77 Cr (↑51.37% YoY) . Key investor presentation takeaways from Akme Fintrade (India) Ltd's Q2 FY26 investor presentation — and how it
- Capital Trust (Q2 FY26)
Total Income for Q2 FY26: ₹8.8 Cr, down 65% YoY from ₹25.1 Cr in Q2 FY25, and down 30% QoQ from ₹12.6 Cr in Q1 FY26 (Page 23). Key investor presentation takeawa
- Dar Credit & Capital Ltd (Q2 FY26)
250 crore in FY'26, up from Rs. Key concall takeaways from Dar Credit & Cap's Q2 FY26 earnings call — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Tata Capital Ltd Q2 FY26 results?
Tata Capital expects full-year AUM growth of 22%-25% excluding Motor Finance and 18%-20% on a merged basis for FY'26, with H2 anticipated to perform better than H1. Tata Capital expects strong growth with AUM increasing 22%-25% excluding Motor Finance and 18%-20% on a merged basis for FY'26.
What is Tata Capital Ltd share price analysis?
Tata Capital Ltd currently shows a neutral. The stock trades at a P/E of 28.4 with a market cap of ₹154,598 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tata Capital Ltd planning capital expenditure?
Tata Capital has made significant investments in technology and digital infrastructure, with over INR 2,000 crores invested over the last 6 years.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.