Mumbai (Press Trust of India): Tata Capital reported a strong 43% rise in its net profit for the March quarter (Q4), reaching ₹1,502 crore, compared to ₹1,052 crore in the same period last year. The company’s growth was driven by a rise in its retail lending business, particularly loans to MSMEs (Micro, Small and Medium Enterprises), despite ongoing challenges in the West Asia region.
Total income increased to ₹1,257 crore in Q4, up from ₹1,237 crore in the previous quarter. Tata Capital’s assets under management (AUM) rose significantly by 29% year-on-year to ₹2.77 lakh crore. Over the full financial year, AUM grew by 23–25%.
The company also expanded into retail-focused segments such as home loans, SME financing, and used car loans. Managing Director Rajiv Sabharwal stated that the company is focusing on expanding its retail loan portfolio and expects strong growth in AUM driven by increased consumer demand. He also highlighted that consumer businesses contribute about 40% of Tata Motors’ overall sales. Despite strong growth, the company remains cautious due to global uncertainties, especially related to supply chain disruptions and geopolitical issues.