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% against Rs 111 crore in the
corresponding quarter
last year. Its total income stood at Rs 5,795 crore in FY24, a growth of 40% from Rs 4,152 crore in FY23.
The
Assets under Management
(AUM) reached Rs 25,900 crore in 2023-24, TVS Credit said in a statement on Thursday.
The
company
continued to maintain its strong growth momentum in disbursements during FY24, primarily driven by an increase in credit demand, augmented by growth in consumption and increased distribution reach, it added.