• AUM growth guidance: Following broad-based Q1 growth across housing (24%) and retail (20% to 25%), the company expects to meet its full-year growth guidance of 23% to 25%.
• Net interest margins: Despite pressure from higher funding costs in Q1, management anticipates a margin improvement of around 10 basis points by year-end by increasing the share of high-margin products.
• Credit cost outlook: Credit costs remained under 1% in Q1 and are projected to stay below 1% for the full year, supported by stable missed payment rates and borrower quality.
• Housing segment penetration: Tata Capital outpaced overall market housing growth of 14% to 15% through deeper market penetration and branch network expansion.