Brokerages optimistic about India's Tata Capital, say growth in-line with expectations

Tata Capital

24/04/2026 06:44

** India's Tata Capital TATC.NS on Thursday posted quarterly profit rise of 42.8% y/y, interest income rise of 8.8% y/y

** Shares of non-banking finance co largely flat, last down 0.7%

** JPMorgan ("overweight", PT 380 rupees) says quarter in-line with expectations, views opex decline and asset quality improvement favourably

** Emkay ("add", PT 390 rupees) says AUM growth higher than expected, notes positive management commentary around FY25-28 guidance of 23-25% growth in AUM annually

** Ambit Capital ("buy", PT 431 rupees) points out decline on loan yields and spreads due to higher corporate lending, optimistic about AUM growth

** Systematix ("buy", PT 400 rupees) points out that despite headline expansion, growth mix tilted towards relatively lower-yielding segments such as SME and corporate

** Stock down 1.2% YTD

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))