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Informist, Thursday, Apr. 23, 2026

 

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--Tata Capital: Do not expect significant impact of W Asia crisis as of now 
--Tata Capital: Aim to be cautious in some MSME segments amid West Asia war 
--Tata Capital: Monitoring impact of West Asia war on weekly basis 
--Tata Capital:Aim to grow high-yield segments like housing, unsecured loans 
--Tata Capital: See loan book growing 23-25% by FY28 
--Tata Capital: See unsecured retail loan disbursement rise in coming years 
--CONTEXT: Comments by Tata Capital's mgmt at media call post Q4 earnings 
--Tata Capital: Expect growth in motor finance business Apr-Jun onwards 

 

NEW DELHI – Tata Capital Ltd. does not expect a significant impact from the West Asia war on its business so far, but it has asked the credit team to exercise caution in lending to select segments of micro, small and medium enterprises, Managing Director and Chief Executive Officer Rajiv Sabharwal said Thursday. The comment assumes significance as retail and SME loans constitute around 86% of the non-banking finance company's loan book. 

 

Amid the ongoing crisis, the financier is in touch with all its clients, most of whose production cycles have been unperturbed so far, Sabharwal said at a media call after the company's earnings for the March quarter were announced. "We are monitoring the impact of the conflict on a weekly basis," he added.

 

The management, which did not share its guidance for 2026–27 (Apr-Mar), expects the company's loan book to grow 23–25% by FY28. The financier's focus is on growing unsecured loans and high-yield segments like housing and two-wheeler loans, Sabharwal said. "We expect disbursement of unsecured retail loans to rise in coming years," he added. Unsecured retail loans account for 10% of Tata Capital's net assets under management of INR 2.52 trillion as of Mar. 31. 

 

Tata Capital, which acquired Tata Motors Finance in May 2025, expects its motor finance business to also pick up from the June quarter onwards, the MD said. The company is pivoting towards the used vehicle business, and within new, it is focusing on intermediate, light, medium and small commercial vehicles, Sabharwal said. 

 

Tata Capital's net profit for the March quarter jumped nearly 43% on year to INR 15.02 billion as its revenue from operations increased 9% on year while expenses remained largely flat. Sequentially, the bottom line was up nearly 20%. Shares of Tata Capital, which detailed its earnings after market hours, closed nearly 1% higher Thursday at INR 340.60 on the National Stock Exchange.  End

 

Reported by Gunjan Rajput and Krity Ambey

Edited by Tanima Banerjee

 

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