Tata Capital reported a 51% rise in second-quarter net profit and raised its medium-term note programme to $3bn as its loan book crossed Rs 3 trillion.
Tata Capital reported a sharp rise in quarterly profit as the non-bank lender crossed a key milestone in lending and prepared to broaden its funding options.
According to a regulatory filing on Tuesday, consolidated net profit climbed 51% year on year to Rs 1,660 crore for the September quarter of fiscal 2027, up from Rs 1,097 crore a year earlier. Net total income increased 24% to Rs 4,676 crore, while assets under management rose 26% to Rs 3,08,030 crore, Business Standard reported.
Rajiv Sabharwal, managing director and chief executive, said the loan book had crossed Rs 3 trillion, describing that as evidence of the scale, diversification and resilience of the franchise. He added that asset quality remained stable, pointing to tighter underwriting and collection practices. The company’s loan growth and higher interest income were also highlighted by The Economic Times as key drivers of the stronger profit performance.
In a separate exchange filing, Tata Capital said its board had approved an increase in the size of its medium-term note programme from $2 billion to $3 billion, subject to market conditions, allowing it to issue foreign currency bonds or other debt instruments in tranches under the programme. The company said it operates 1,515 branches across 26 states and Union Territories, and its shares closed 0.45% higher at Rs 300.80 on the BSE.
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