Guidance ledger · Q4 FY26

Tata Capital Limited TATACAP

5 revisions on record · 0 lowered · 4 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

↑ raised Motor Finance FY26 profit trajectory Q3 FY26 → Q4 FY26

~~breakeven in Q3 (Q3 framing)~~ → INR43 crores PAT in Q4 (delivered)

“profit after tax for quarter 4 in Motor Finance business was INR43 crores”

→ narrowed Consolidated credit cost (FY26) Q3 FY26 → Q4 FY26

~~1.2% Q3 actual; trending to <1% medium term~~ → 0.9% Q4 (down 30bps QoQ); FY26 full year 1.2%

“Credit costs improved by ~30 basis points to 0.9% during the quarter”

↑ raised FY26 ex-MF AUM growth delivery Q2 FY26 → Q4 FY26

~~22% to 25% (Q2 guide)~~ → 28% YoY delivered (Q4)

“our AUM growth was even stronger at 28% year-on-year, exceeding our guidance of 22% to 25%”

↑ raised FY26 PAT growth delivery (ex non-recurring) Q2 FY26 → Q4 FY26

~~consolidated PAT ~35% (Q2 guide)~~ → 36% delivered, exceeding revised 32-35% guide

“profit after tax excluding non-recurring items grew 36%, exceeding our guidance of 32% to 35%”

↑ raised Motor Finance break-even timing Q2 FY26 → Q3 FY26

~~Q4 FY26 (Q2 guide)~~ → Q3 FY26 (one quarter early)

“Our business and Motor Finance business broke even in Q3”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.