TVS Credit score Companies Ltd, a non-deposit taking non-banking monetary firm (NBFC) and a subsidiary of TVS Motor Firm Ltd, has reported a 47 per cent rise in its revenue after tax at ₹572 crore for the 12 months ended March 31, 2024.
Whole Revenue for FY24 was ₹5,795 crore — a 40 per cent progress in comparison with FY23.
For the quarter ended March 31, 2024, the corporate reported a 33 per cent rise in PAT at ₹148 crore when put next with the year-ago interval. Whole Revenue for the March 2024 quarter stood at ₹1,519 crore — a progress of 23 per cent.
The corporate’s enterprise has expanded its portfolio to used automobiles (vehicles and vans) and gold loans, amongst others. The corporate’s AUM (property below administration) stood at ₹25,900 crore in FY24 — up 26 per cent over FY23.
In FY24, the corporate added over 43 lakh new clients, surpassing a complete buyer base of 1.4 crore.
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