TVS Credit Services Reports Robust Financial Growth in Q1 FY25

TVS Credit Services Limited saw a substantial rise in assets, income, and profits for Q1 FY25, highlighting a solid year-on-year growth. The NBFC reported an AUM of Rs 26,351 Crore, and served over 1.5 Crore customers in India.

TVS Credit Services Limited, a prominent non-banking financial company in India, has posted significant financial growth for the quarter ending on June 30, 2024. As per unaudited financial results, the company's Assets Under Management (AUM) rose to Rs 26,351 Crore, marking a 20 percent increase compared to June 2023.

The company also reported a 19 percent year-on-year rise in Total Income, which stood at Rs 1,606 Crore for Q1 FY25. Net Profit After Tax saw a 20 percent year-on-year growth, reaching Rs 140 Crore. TVS Credit chalks up this performance to expanding distribution reach and growing consumer demand.

With over 46,500 touchpoints nationwide, TVS Credit continues its mission to empower Indians through diverse financial products and new-age technologies. The company's digital transformation initiatives aim to enhance customer experience and operational efficiency, securing it a solid footprint in the financial sector.

(With inputs from agencies.)