Analysts/Institutional Investor Meet/Con. Call Updates

August 03, 2026 To, To, The Listing Department The Listing Department BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544574 Symbol: TATACAP Dear Sir / Madam, Sub.: Transcript of media call and Earnings Conference call with Analysts and Investors for the quarter ended June 30, 2026 Ref.: Tata Capital Limited (“Company”) We wish to inform you that pursuant to Regulations 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the transcripts of the media call and earnings conference call with analysts and investors held on July 28, 2026, in relation to the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, are enclosed herewith. The same is also available on the website of the Company at the below link: https://www.tatacapital.com/about-us/investor-information-and-financials.html We request you to take the above on record. Thanking you, Yours faithfully, For Tata Capital Limited Sarita Kamath Chief Legal and Compliance Officer & Company Secretary Encl.: as above “Tata Capital Limited Q1 FY27 Results Media Conference Call” July 28, 2026 MANAGEMENT: MR. RAJIV SABHARWAL – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – TATA CAPITAL LIMITED Page 1 of 9 Tata Capital Limited July 28, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Tata Capital Q1 FY27 Results Media Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Rajiv Sabharwal, Managing Director and CEO of Tata Capital. Thank you and over to you, sir. Rajiv Sabharwal: Thank you very much and welcome to everyone who is joining the call. Good evening and thank you for joining us. Let me start with the macro environment. FY26 was a strong year for the Indian economy with a real GDP growth at 7.7% supported by strong domestic consumption and investment activity. Credit demand continued to remain healthy in the first quarter of FY27 across both banking and non-banking channels, reflecting sustained underlying economic momentum. While inflation has remained broadly manageable, we continue to monitor movements in food prices, rural demand trends, and the evolving geopolitical environment. On the monetary policy front, RBI maintains its policy rate and continued to support liquidity conditions, helping sustain credit flows across the financial system. Looking ahead, while global uncertainties and elevated energy prices could moderate growth for FY26 from a high base, India's underlying macroeconomic fundamentals continue to remain strong, supported by healthy domestic demand and investment activity. We remain watchful of geopolitical developments, inflationary trends, and monsoon-related risks, but continue to see a broadly supportive environment for credit growth. Before I dive into the operating performance for the quarter, let me share two key developments. First, our entry into gold loans business marks an important step in further diversifying Tata Capital's retail lending portfolio. We believe the combination of Yogloans' domestic expertise and branch network with Tata Capital's brand technology and risk management capabilities will help create a compelling platform for future growth in secured lending. Secondly, we also successfully raised USD400 million through an international bond issuance that was oversubscribed four times. The strong response from global investors reflects confidence in Tata Capital's franchise and further strengthens our diversified funding platform and access to international capital markets. Now let me turn to the key highlights for the quarter. Consolidated performance – Our assets under management stood at INR2.91 lakh crores, up 22% year-on-year and up 5% sequentially. If I exclude motor finance business which we acquired from Tata Motors, our AUM grew by 28% year-on-year. Credit costs for Quarter 1 FY27 were 1% versus 1.6% for quarter one of FY26. So that's a significant drop. Profit after tax Page 2 of 9 Tata Capital Limited July 28, 2026 for the quarter stood at INR1,547 crores, up 56% year-on-year and 3% sequentially. Our Net NPA declined by 10 basis points sequentially to 0.8%. Our ROA stood at 2.3% consolidated including the motor finance business. If I exclude the motor finance business which we acquired from Tata Motors, our ROA stands at 2.5%. Tata Capital Housing Finance continued to perform extremely well for us. The AUM increased 24% year-on-year to INR89,416 crores. Our credit costs continued to be very low in this business at 0.05%. Profit after tax for the quarter was up 29% year-on-year to INR532 crores. Our focus on affordable housing and loan against property continues to support margin expansion and portfolio diversification. Overall business momentum remained strong during the quarter supported by healthy growth across all businesses. Our core focus remains as retail and SME lending which together constitutes 85.4% of our portfolio, providing a structurally granular and resilient growth profile. We expanded our distribution network to 1,491 branches across 1,091 locations, serving approximately 8.8 million customers through our phygital model and deepening our presence across India. Our AAA credit rating continues to support a diversified and stable funding profile. Total borrowings stood at approximately INR2.45 lakh crores, while we maintained a strong liquidity buffer of around INR29,000 crores. In Quarter 1, our cost of funds stood at 7.28%. Despite a marginal increase in funding cost during the quarter, we remain well-positioned to support growth while navigating market volatility. For Quarter 1 of FY27, our cost to income stood at 36.4%, showing an improvement of 190 basis points over Quarter 4 of FY26. Artificial intelligence is increasingly driving scale and efficiency across Tata Capital. From 98% digital onboarding and AI-led underwriting to 40% productivity gains in operations and stronger collections outcomes, our AI initiatives are enhancing customer experience, operational excellence, and risk management across the franchise. You know, we have seen not only deployment of AI, but also the benefits of AI accruing to us. The transformation of our motor finance business remains on track. We continue to focus on portfolio diversification, disciplined growth, and operational efficiency while maintaining profitability and stable asset quality. Our focus on motor finance remains on creating a portfolio which we do believe can stand the test of time. So, our focus continues to be on building a portfolio which on risk parameters would remain good at all times. To conclude, we remain focused on building a larger, stronger, and more resilient financial services franchise, supported by healthy business momentum, improving asset quality, and a robust balance sheet along with diversified funding profile. We continue to invest in technology and AI. We do believe we are well-positioned to deliver sustainable growth and create long-term value for all our stakeholders. With that, we are happy to open the floor for questions. Page 3 of 9 Tata Capital Limited July 28, 2026 Moderator: Sure. Thank you very much. We will now begin the question-and-answer session. The first question is from Srishti Sharma from ETBFSI. Please go ahead. Srishti Sharma: Thank you. Good evening everyone. Mr. Sabharwal, I'll start off the question with the acquisition of Yogloans. If you could elaborate more on this strategy and what kind of AUM are you looking forward on 2 to 3 year basis? T [Showing first 8,000 characters — download PDF for full document]