Tata Capital’s net profit for the quarter ended March stood at Rs 1,502 crore, up 16.4% on quarter. This includes the acquisition of Tata Motors Finance which was completed on May 8, hence year-on year-figures weren’t comparable. Excluding the motor finance businesses, the company reported a profit after tax of Rs 1,459 crore, up 51% year-on-year. The company has recommended a final dividend of 0.57 per equity share of face value 10 each. The improvement in the bottom line was largely due to decline in credit costs and improvement in the asset quality. The assets under management (AUM) rose 6.4% on quarter to Rs 2.77 lakh crore as on March 31.