Tata Capital Ltd (TCL) reported a 56 per cent year-on-year (yoy) jump in first quarter (Q1FY27) consolidated net profit at Rs 1,547 crore on the back of a healthy growth in net interest income and fee income and a decline in loan loss provisions.TCL, which is registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) and is categorized as an Upper Layer NBFC, recorded a net profit of ₹990 crore in the year ago period.Rajiv Sabharwal, Managing Director & CEO, said: “We continue to focus on portfolio diversification, disciplined growth, and operational efficiency while maintaining profitability and stable asset quality.”Referring to TCL recently entering into a Share Subscription and Purchase Agreement with Yogakshemam Loans Limited (”Yogloans”) for acquiring approximately 88.6 per cent of the issued and paid-up share capital of the latter, Sabharwal said: “Our entry into the gold loan business marks an important step in further diversifying Tata Capital’s retail lending portfolio.“This business complements our existing product suite and offers significant long-term growth potential, supported by increasing customer preference for high-frequency, secured credit. So, while we have applied to RBI for seeking their approval for acquisition of this entity, we expect the approvals to come towards the end of this calendar year.”Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately ₹4,000 to ₹5,000 crores.Net interest income (difference between interest earned and interest expended) was up 25 per cent yoy at ₹3,571 crore (₹2,866 crore in Q1FY26). Fee income rose 20 per cent yoy to ₹692 crore (₹576 crore). Loan loss provisions declined 26 per cent yoy to ₹676 crore (₹909 crore).The consolidated financial results of TCL, which is a subsidiary of Tata Sons Pvt Ltd, include results of subsidiaries such as Tata Capital Housing Finance Ltd (TCHFL), Tata Securities and Tata Capital Pte. Ltd, among others. It’s net assets under management rose 22.3 per cent yoy to stand at ₹2,90,502 crore as at June-end 2026. Retail and SME constitute 85.4% of the net AUM.On the possibility of listing Tata Capital Housing, Sabharwal said: “We will wait for RBI directions when they do place us (TCHFL) in the upper layer. And from that time, they do give us about 3 years to make that decision on when to list and not to list.“So, we will comply with those guidelines once we are placed in the upper layer. ..We have time. So, we will watch this. We have no decision yet made on when to do it.”Published on July 28, 2026