TVS Credit Services Limited on May 12 announced a 19% rise in profit after tax to Rs. 913 crore for FY2025-26, driven by growth in disbursements and steady performance across retail financing segments. The company said disbursements grew 26% year-on-year during FY26, while total income increased 9% to Rs. 7,196 crore.
Profit before tax for FY26 stood at Rs. 1,238 crore, registering a 21% increase compared to FY25. Assets under management rose 15% year-on-year to Rs. 30,639 crore as of March 2026.
For Q4 FY26, TVS Credit reported total income of Rs. 1,859 crore, reflecting an 11% increase over the corresponding quarter last year. Profit before tax rose 15% to Rs. 348 crore, while profit after tax stood at Rs. 256 crore, up 13%.
The company attributed the quarterly growth to improving consumption trends and demand across key retail financing segments.
According to TVS Credit, the two-wheeler financing category recorded strong demand during the quarter due to recovery in urban and semi-urban markets. The company also highlighted growing adoption of electric vehicles, supported by improved affordability, wider model availability and increasing financing penetration.
Consumer durable financing remained steady during the period, aided by seasonal demand and higher discretionary spending.
The company said it continued to maintain a prudent and proactive approach towards underwriting and risk management through calibrated credit policy restrictions and sharper credit metrics. It added that these measures have started contributing to improvement in portfolio quality through reduction in total credit costs and GNPA levels.
During FY26, the company disbursed loans to over 53 lakh new customers, taking its customer base beyond 2.4 crore as of March 2026.
