TVS Credit reports robust PAT growth of 28% to Rs. 541 Crore for the nine months ended Dec’24, compared to the same period last year

Publication: TVS Credit Date: 28 | January | 2025

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Bengaluru, 27 January 2025: TVS Credit Services Limited, one of India’s leading NBFCs, published its unaudited financial results for the quarter ended and nine months ended December 31, 2024, which reflect the Company’s robust growth and financial stability. The NBFC reported a net profit after tax of Rs. 541 Crore for the nine months ended December 31, 2024.

The Company reported Assets Under Management (AUM) of Rs. 27,190 Crore as of Dec ‘24, registering a Y-O-Y growth of 7% as compared to Dec ‘23.

Q3 FY25 Highlights:

• AUM stood at 27,190 Crore as of Q3 FY25, a 7% growth compared to Q3 FY24.
• Total Income for Q3 FY25 was 1,710 Crore, a 12% growth compared to Q3 FY24.
• Profit Before Tax for Q3 FY25 stood at 321 Crore, a 40% growth compared to Q3 FY24.
• Net Profit After Tax was 240 Crore for Q3 FY25, a 40% growth compared to Q3 FY24.

 

9M FY25 Highlights:

• AUM stood at 27,190 Crore as of Dec ‘24, a 7% growth compared to Dec ‘23.
• Total Income for 9M FY25 was Rs. 4,956 Crore, a 16% growth compared to 9M FY24.
• Profit Before Tax for 9M FY25 stood at 724 Crore, a 28% growth compared to 9M FY24.
• Net Profit After Tax was 541 Crore for 9M FY25, a 28% growth compared to 9M FY24.

 

In Q3 FY25, credit demand increased, driven by festive fervour, increased consumption and attractive consumer offers. TVS Credit witnessed healthy growth during this period, particularly in Consumer Loans & Vehicle Finance with an improvement in market share. In Q3 FY25, TVS Credit witnessed its highest ever quarterly growth in customers, disbursing loan products to a record 16 Lakh new customers, taking its total base to nearly 1.8 crore customers.

TVS Credit remains resolute in its commitment to expand the product offerings, distribution, digital transformation, enhancing customer experience and operational efficiency.

About TVS Credit Services Limited:

TVS Credit Services Limited is one of India’s leading and diversified Non-Banking Financial Company registered with the RBI. With over 49,300 touchpoints across India, the Company aims to empower Indians to dream bigger and fulfil their aspirations. Being the number one financier for TVS Motor Company Limited and one of the leading Consumer Durable and Mobile Phone financiers, TVS Credit has a fast-growing footprint in Used Car Loans, Tractor Loans, Used Commercial Vehicle Loans, and Unsecured Loans. Powered by robust new-age technologies and data analytics, the Company has served nearly 1.8 Crore happy customers.

Media Contacts:

Paul Ebenezer

Mob: +91 7397398709

Email: paul.ebenezer@tvscredit.com

Sruthi S

Mob: +91 9962899337

Email: Sruthi.S@tvscredit.com

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