TVS Credit PAT rises 19% to Rs. 913 crore in FY26; AUM grows 15%

TVS Credit Services Limited has reported its highest-ever annual profit after tax of Rs. 913 crore for FY2025-26, registering a 19% year-on-year increase, while disbursements grew 26% during the financial year.

The company’s total income for FY26 rose 9% year-on-year to Rs. 7,196 crore, while profit before tax increased 21% to Rs. 1,238 crore.

Its assets under management (AUM) stood at Rs. 30,639 crore as of March 2026, reflecting a 15% increase over the previous year.

In the January-March quarter of FY26, TVS Credit posted total income of Rs. 1,859 crore, up 11% year-on-year. Profit before tax for the quarter stood at Rs. 348 crore, up 15%, while net profit after tax increased 13% to Rs. 256 crore.

The company said disbursement growth in the fourth quarter was driven by improving consumption sentiment and healthy traction across retail financing categories.

It said the two-wheeler financing segment saw strong demand, supported by recovery across urban and semi-urban markets. Increased adoption of electric vehicles also aided growth due to better affordability, wider model availability and improved financing penetration.

The company added that consumer durable financing remained stable, backed by seasonal purchases and higher discretionary spending.

TVS Credit stated that it maintained its focus on risk-calibrated growth and diversified portfolio expansion during the year. It also noted that calibrated credit policy restrictions and sharper credit metrics have started reflecting in improved portfolio quality through lower credit costs and reduction in GNPA levels.

The company said it continued to expand product offerings, strengthen distribution and improve customer experience and operational efficiency.

During FY26, TVS Credit disbursed loans to over 53 lakh new customers, taking its total customer base to more than 2.4 crore customers as of March 2026.