TVS Credit Services Ltd. net profit for December quarter of FY24 rose 47% over the June quarter to ₹172 crore, on robust credit demand driven by festive fervour and increased consumption and attractive consumer offers.
Total income of the company rose to ₹1,527 crore from ₹1,349 crore. Assets Under Management grew to ₹25,315 crore from ₹21,924 crore, it said in a statement.
The NBFC said that it witnessed substantial growth, particularly in consumer loans and retail loans. Additionally, it also added nearly 14 lakh new customers, surpassing a total customer base of 1.3 crore.
TVS Credit remains resolute in its commitment to digital transformation, continuously enhancing customer experience and operational efficiency, it said.
