CHENNAI: TVS Credit Services, the NBFC-arm of TVS Motors, posted a Profit after Tax (PAT) at Rs 148 crore in the quarter ended March 31, 2024, a growth of 33% towards Rs 111 crore in the corresponding quarter final yr. Its complete earnings stood at Rs 5,795 crore in FY24, a growth of 40% from Rs 4,152 crore in FY23.
The Assets underneath Management (AUM) reached Rs 25,900 crore in 2023-24, TVS Credit mentioned in an announcement on Thursday.The firm continued to keep up its robust growth momentum in disbursements throughout FY24, primarily pushed by a rise in credit score demand, augmented by growth in consumption and elevated distribution attain, it added.
The Assets underneath Management (AUM) reached Rs 25,900 crore in 2023-24, TVS Credit mentioned in an announcement on Thursday.The firm continued to keep up its robust growth momentum in disbursements throughout FY24, primarily pushed by a rise in credit score demand, augmented by growth in consumption and elevated distribution attain, it added.
