Statement of deviation(s) or variation(s) under Reg. 32
As filed · Tata Capital Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
What happened
FactStatement of deviation(s) or variation(s) under Reg. (i) Unaudited Standalone and Consolidated Financial Results for the quarter and half year. (a) Copies of the Unaudited Financial Results of the Company together with the Limited Review.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
DelayedFrom the time we acquire, over the next 2-1/2 years to 3 years, we expect to add close to about 500 plus branches and build a portfolio of approximately INR4,000 crores to INR5,000 crores over the next 3 years.
we expect to add about 500 branches and also grow our portfolio to Rs. 4000-plus crores.
Change
FactImplication
CapitSignal interpretationDemand
DelayedCredit demand continued to remain healthy in the first quarter of FY27 across both banking and non-banking channels, reflecting sustained underlying economic momentum.
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.
Change
FactImplication
CapitSignal interpretationMargins
RevisedNext year, we expect to be profitable over the full year with growing RoAs and we remain on track to achieve our targeted RoA of 2% by FY '28.
Exit RoA for Q4 of this year is expected to be 2.3% to 2.4% and excluding Motor Finance to be at 2.4% to 2.5%.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- we will grow our overall book at 23% to 25%. (management committed by FY28)
- we had given a guidance for FY '28 where we had stated that over the period of FY ‘25 to FY '28, we will grow (management committed by FY28)
Evidence
- Tata Capital Limited has submitted to the Exchange, the Unaudited Financial results for the quarter and half year ended September 30, 2026.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- RESULTS base 68; +4 corroborating keywords; +5 quantified amount; matched on body
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 60%