Tata Capital Q1 net profit rises 56% to Rs 1,547 crore, revenue increases 15%
Key Takeaways
- •Net profit for the first quarter increased more than 56% year on year to Rs 1,547 crore.
- •Revenue from operations rose 15% compared with the same period last year.
- •Assets under management climbed 22% to Rs 2.91 lakh crore.
- •Net interest income and the net loan book both recorded strong year-on-year growth.
- •The company’s net worth increased by about 42% during the quarter.
Tata Capital Q1 net profit rises 56% to Rs 1,547 crore, revenue increases 15%
Tata Capital reported a net profit of Rs 1,547 crore for the first quarter, up more than 56% year on year. Revenue from operations rose 15% over the same period.
Assets under management increased 22% to Rs 2.91 lakh crore. Net interest income and the net loan book also posted strong year-on-year growth. The company’s net worth rose about 42% during the quarter.
The quarter’s numbers show the scale of Tata Capital’s lending and asset management franchise, which is relevant for readers tracking how non-bank financiers are expanding across consumer and corporate credit. In that context, the growth in assets under management, net interest income and the loan book are the key operating indicators alongside profit.
Tata Capital Q1 earnings
The company said the quarter reflected broad-based growth across key financial metrics, including profitability, assets under management, net interest income and the loan book.
What Tata Capital's management said
The source content did not include a detailed management quote.
Tata Capital share price
The article was published in the context of market coverage on Tata Capital and related financial stocks.