Tata Capital Reports Strong Q4 Profit Growth
Tata Capital, the prominent Tata Group Non-Banking Financial Company (NBFC), announced a significant 43% year-on-year increase in its consolidated net profit for the fourth quarter (Q4) of the fiscal year ending March 2026, reaching ₹1,502 crore. Alongside these robust earnings, the company also declared a final dividend of ₹0.57 per share for its shareholders. The results were released after market hours on Thursday, April 23, 2026.
For the full fiscal year ended March 2026, Tata Capital's net profit climbed 32.24% to ₹4,846.10 crore, up from ₹3,664.66 crore in the previous year. Quarterly sales also saw an uptick, rising 9.12% to ₹8,160.10 crore compared to ₹7,478.10 crore in Q4 March 2025. Annual sales increased by 11.40% to ₹31,539.89 crore from ₹28,311.37 crore in the prior year.
Stock Performance and Market Reaction
Despite the strong financial performance, shares of Tata Capital experienced a slight decline in afternoon trading following the earnings announcement. The stock slipped 1.36% to ₹335.75 against its previous close of ₹340.40. The NBFC's market capitalization stood at ₹1.43 lakh crore.
Historically, Tata Capital shares hit an all-time high of ₹367.65 on January 20, 2026, and a 52-week low of ₹300.30 on April 2, 2026. The stock is currently considered to be in a bull run, trading above its 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages.
Analyst Outlook and Target Prices
Following the Q4 earnings, several brokerage firms provided their assessments. HDFC Securities maintained an 'ADD' rating on Tata Capital, revising its target price to ₹335. The brokerage noted lower credit costs and strong Asset Under Management (AUM) growth, approximately 28% year-over-year, as key positives from the Q4 results.
Emkay Global also maintained an 'ADD' rating, setting a higher target price of ₹390, indicating a potential upside of nearly 14.4%. Emkay highlighted Tata Capital's robust Q4 FY26 performance, attributing it to improved AUM growth, better asset quality, and reduced credit costs. The brokerage projects the company to maintain a growth trajectory of around 23-25%, driven by strong disbursements across various product segments, robust offerings, and ongoing geographical expansion. However, Emkay also noted the potential impact of geopolitical events, such as the Iran war, as a key factor to monitor going forward.