Economy

TVS Credit Reports 28% Growth in PAT to ₹541 Crore for Nine Months Ending December 2024

Strong performance driven by festive demand, enhanced digital capabilities, and customer-centric offerings

TVS Credit Services Limited, a prominent name in the Non-Banking Financial Company (NBFC) sector, announced its unaudited financial results for Q3 FY25 and the nine months ending December 31, 2024. The results underline the company’s resilience and ability to deliver robust growth in a competitive market. The Company recorded a Net Profit After Tax (PAT) of ₹541 Crore for the nine months ending December 31, 2024, representing a 28% year-on-year (Y-O-Y) increase over the same period last year. The Assets Under Management (AUM) stood at ₹27,190 Crore, reflecting a 7% growth over the previous year.

Key Financial Highlights for Q3 FY25

  1. AUM: ₹27,190 Crore, up 7% Y-O-Y from ₹25,315 Crore in Q3 FY24.
  2. Total Income: ₹1,710 Crore, a 12% growth compared to ₹1,527 Crore in Q3 FY24.
  3. Profit Before Tax (PBT): ₹321 Crore, a 40% increase compared to Q3 FY24.
  4. Net Profit After Tax (PAT): ₹240 Crore, a 40% growth Y-O-Y.

Highlights for the Nine Months Ending December 2024 (9M FY25)

  1. AUM: ₹27,190 Crore, a 7% rise from ₹25,315 Crore in 9M FY24.
  2. Total Income: ₹4,956 Crore, reflecting a 16% growth compared to ₹4,276 Crore in 9M FY24.
  3. Profit Before Tax (PBT): ₹724 Crore, a 28% increase from ₹566 Crore in 9M FY24.
  4. Net Profit After Tax (PAT): ₹541 Crore, a 28% growth from ₹424 Crore in 9M FY24.

Operational Excellence and Market Insights
TVS Credit experienced strong growth in Q3 FY25 due to festive demand, increased consumption, and competitive consumer offers. During the quarter, the company disbursed loans to a record 16 lakh new customers, bringing its total customer base to nearly 1.8 crore customers. The growth was driven by enhanced performance in the Consumer Loans and Vehicle Finance segments, where TVS Credit has strengthened its market position. Leveraging digital transformation and advanced technologies, the company has improved operational efficiency and customer satisfaction.

Industry Context
The Indian NBFC sector, as highlighted on Non Banking Financials, continues to grow, fueled by increasing demand for personal loans, vehicle finance, and other consumer lending products. Competitors like Bajaj Finance and Mahindra Finance are also expanding rapidly, making TVS Credit’s performance particularly commendable.
In addition to its financial achievements, TVS Credit remains focused on enabling financial inclusion for millions of Indians through innovative lending products. This aligns with the broader mission of companies in the NBFC space to democratize access to credit.

About TVS Credit Services Limited
TVS Credit Services Limited is a trusted name in India’s financial services sector. It is registered with the Reserve Bank of India (RBI) and operates through 49,300 touchpoints across the country. The company serves as the primary financier for TVS Motor Company and is a leading player in consumer durable financing, mobile phone financing, and used vehicle loans.
Backed by data analytics and new-age technology, TVS Credit has built a loyal customer base of nearly 1.8 crore Indians, empowering them to achieve their aspirations. The company also offers services in tractor loans, used commercial vehicle loans, and unsecured loans.
Commitment to Growth and Innovation
TVS Credit remains focused on expanding its product portfolio, enhancing digital capabilities, and improving operational efficiency. This forward-looking approach ensures the company continues to meet evolving consumer needs while maintaining financial stability.
At Prittle Prattle News, featuring you virtuously, we celebrate commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. To stay informed, follow us on LinkedIn, Twitter, Instagram, and YouTube. Explore insights into the NBFC industry, key players like Bajaj Finance, Mahindra Finance, and Muthoot Finance, and discover TVS Credit’s transformative journey.

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