Tata Capital delivered a strong performance in the October–December quarter, reporting a 17 per cent rise in net profit to ₹1,257 crore, compared with ₹1,076 crore in the same period last year.
The Tata Group’s financial services arm saw its revenue from operations grow by around 12 per cent, supported by higher interest income. Its assets under management increased 26 per cent year-on-year to ₹2.34 lakh crore, indicating healthy expansion in its loan portfolio.
The company’s motor finance segment also achieved breakeven during the quarter. The robust results were welcomed by investors, leading to a positive reaction in the market.