Tata Capital, the Tata Group’s NBFC, announced its December quarter performance today after market hours, reporting a consolidated net profit of ₹₹ 1,285 crore (excluding motor finance), registering a 39.3% year-on-year jump compared with a net profit of ₹922 crore in the same period last year.
The net profit growth also came in line with the company’s guidance of 39%. Net interest income (NII) during the reporting quarter rose 26% year-on-year to ₹2,936 crores.
The company’s total assets under management (AUM) at the end of the December quarter stood at ₹2,34,114 crore (excluding Motor Finance), marking a 26% increase compared with ₹1,86,404 crore. The SME segment accounts for the highest share in the AUM mix at ₹₹70,549 crore.
