FY2025 Performance Highlights:

• AUM at Rs. 26,647 Crore in FY25, a 3% increase compared to FY24.
• Total Income for FY25 was Rs. 6,630 Crore, a 14% growth compared to FY24.
• Profit Before Tax for FY25 was Rs. 1025 Crore, a 35% increase compared to FY24.
• Net Profit After Tax amounted to Rs. 767 Crore for FY25, a 34% increase compared to FY24.

In Q4 FY25, the industry witnessed moderation in the growth of credit following the festive surge in Q3. TVS Credit maintained its strategic focus on building a diversified book, primarily targeting consumer finance and retail segments. The Company took a risk calibrated approach and focused on chosen customer segments particularly in Consumer Loans and Vehicle Finance. During this period, TVS Credit disbursed loans to over 13 lakh new customers, bringing its total customer base to nearly 1.9 crore.

TVS Credit will continue to focus on steady growth by increasing market penetration and share, expanding product offerings and distribution, driving digital transformation, and enhancing customer experience and operational efficiency.

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

9M FY25 Highlights:

• AUM stood at Rs. 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 Rs. 724 Crore, a 28% growth compared to 9M FY24.
• Net Profit After Tax was Rs. 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.

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Bengaluru, October 15, 2024: TVS Credit Services Limited, one of India’s leading NBFCs, published its unaudited financial results for the quarter and half-year ended September 30, 2024, which reflect the Company’s robust growth and financial stability.

The Company reported Assets Under Management (AUM) of Rs. 26,652 Crore as of Sep’24, an increase of Rs. 3,136 Crore and a growth of 13% as compared to Sep’23. The Company’s Total Income increased by 18% year-on-year and stood at Rs. 3,245 Crore in H1 FY25. The Net Profit After Tax registered a healthy growth of 20% year-on-year and stood at Rs. 301 Crore in H1 FY25. With the addition of over 20 Lakh new customers in H1, the Company has served over 1.6 Crore customers till date. 

Q2 FY25 Highlights:

• AUM stood at Rs. 26,652 Crore as of Q2 FY25, a 13% growth compared to Q2 FY24.
• Total Income for Q2 FY25 was Rs. 1639 Crore, a 17% growth compared to Q2 FY24.
• Profit Before Tax for Q2 FY25 stood at Rs. 216 Crore, a 20% growth compared to Q2 FY24.
• Net Profit After Tax was Rs. 161 Crore for Q2 FY25, a 20% growth compared to Q2 FY24.

H1 FY25 Highlights:

• AUM stood at Rs. 26,652 Crore as of Sep’24, a 13% growth compared to Sep’23.
• Total Income for H1 FY25 was Rs. 3245 Crore, a 18% growth compared to H1 FY24.
• Profit Before Tax for H1 FY25 stood at Rs. 403 Crore, a 20% growth compared to H1 FY24.
• Net Profit After Tax was Rs. 301 Crore for H1 FY25, a 19% growth compared to H1 FY24.

The Company continued to maintain its strong growth momentum in disbursements during H1 FY25, primarily driven by increase in distribution reach supported by growth in consumption and increase in penetration. As part of its ongoing risk management and portfolio optimisation, the company has taken proactive steps to further strengthen credit norms, ensuring sustained portfolio health amidst evolving market conditions. TVS Credit remains resolute in its commitment to expand the product offerings, distribution, digital transformation, enhancing customer experience and operational efficiency.

With the ongoing festive season, TVS Credit has unveiled a range of special product schemes and exciting consumer promotions to help customers fulfil their aspirations.

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