Business EconomyPosted at: May 10 2024 7:00PM


TVS Credit's AUM reaches Rs. 25,900 cr in 2024 fiscal

Chennai, May 10 (UNI) TVS Credit Services Limited, one of India’s leading NBFCs on Friday announced that its Assets Under Management (AUM) reached Rs 25,900 crore in the 2024 fiscal.
Releasing the financial results for the fourth quarter and year ended March 31, 2024, a company release here said it reported a Total Income of Rs. 1,519 Crore for Q4 FY24, a growth of 23% from Q4 FY23 and Net Profit After Tax of Rs.148 Crore for Q4 FY24, a growth of 33% from Q4 FY23.

On FY24 Performance, it said the AUM stood at Rs. 25,900 Crore in FY24, a 26% growth compared to FY23. Total Income for FY24 was Rs. 5,795 Crore, a 40% growth compared to FY23. Profit Before Tax for FY24 stood at Rs. 762 Crore, a 49% growth and the Net Profit After Tax was Rs. 572 Crore for FY24, a 47% growth.
During FY24, the Company added over 43 lakh new customers, surpassing a total customer base of 1.4 Crore.
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.
UNI GV 1900
Please log in to get detailed story.
Tags: #TVS Credit's AUM reaches Rs. 25#900 cr in 2024 fiscal
More News

Hyd: Olectra unveils Next-Gen Concrete Reinforcement ‘GFRP Rebar’, an alternative to steel reinforcement

25 Apr 2025 | 8:53 PM

Hyderabad, Apr 25 (UNI) In a major technological breakthrough for the infrastructure sector, Hyderabad-based Olectra Greentech Limited, a part of Megha Engineering & Infrastructures Ltd (MEIL) Group , has launched its cutting-edge GFRP Rebar (Glass Fiber Reinforced Polymer Rebar), an alternative to steel reinforcement here on Friday.

see more..

Essar Energy Transition applauds UK govt's financial close of HyNet's carbon transport and storage project

25 Apr 2025 | 8:15 PM

Stanlow, Apr 25 (UNI) Essar Energy Transition (EET), which is leading the charge towards a decarbonised economy, has applauded the UK government achieving financial close of the core carbon transport and storage project within the HyNet Industrial Cluster, a crucial component of the country’s decarbonisation strategy.

see more..
Odisha establishes high-level Task Force to ensure smooth operation of Industries in the State – CM Majhi

Odisha establishes high-level Task Force to ensure smooth operation of Industries in the State – CM Majhi

25 Apr 2025 | 8:01 PM

Bhubaneswar, Apr 25 (UNI) The Odisha Government has undertaken several initiatives, including the establishment of a high-level task force, to ensure the smooth commissioning and operation of industries within the state, Chief Minister Mohan Charan Majhi announced.

see more..

Shyam VNL unveils cutting-edge cyber mobile intelligence, counter drone solutions

25 Apr 2025 | 6:52 PM

New Delhi, Apr 25 (UNI) Home grown security and communication technology company Shyam VNL has firmed up its leadership in the homeland security sector with the launch of next-generation solutions focusing on empowering the Central Armed Police Forces and security agencies.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2025 | 6:34 PM

Kottayam, Apr 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..