Tata Capital Q4 net profit up 43 pc to Rs 1,502 cr

Non-bank lender Tata Capital on Thursday reported a 43 per cent jump in the March quarter net profit at Rs 1,502 crore on a consolidated level and said it is exercising “extra diligence” while disbursing loans to MSMEs to manage risks associated with the West Asia crisis.

The company had reported a net profit of Rs 1,052 crore in the year-ago period and Rs 1,257 crore in the preceding September quarter.

The core net interest income came at Rs 3,477 crore for the quarter, on the back of a 29 per cent growth in the assets under management to Rs 86,653 crore and the net interest margin staying stable at 5.2 per cent.