TVS Credit Reports 19% Growth in Q2 PAT at ₹243 Crore

TVS Credit Services Limited, part of TVS Venu, reported its financial results for the quarter ended September 2026, posting a net profit of ₹243 crore for Q2 FY27. This represents a growth of 19 per cent compared to the corresponding period in the previous fiscal year.

The non-banking financial company (NBFC) registered a 31 per cent growth in disbursements during Q2 FY27 compared to Q2 FY26. Total income for the quarter stood at ₹2,029 crore, marking a 14 per cent increase from the same quarter last year. The company's Assets under Management (AUM) reached ₹33,818 crore as of September 30, 2026, reflecting a 22 per cent growth year-on-year.

For the half-year ended September 30, 2026 (H1 FY27), TVS Credit reported a total income of ₹3,948 crore, up 14 per cent compared to H1 FY26. Net profit for the half-year period stood at ₹452 crore, registering a 17 per cent growth over the previous year.

According to the company's statement, the growth in disbursements was supported by sustained demand across key retail financing segments. The two-wheeler category saw healthy demand in semi-urban and rural markets alongside the growing adoption of electric vehicles. Meanwhile, the consumer durables and three-wheeler categories recorded strong demand, bolstered by increased financing penetration and festive-led purchases.

During the quarter, TVS Credit continued to invest in capabilities spanning artificial intelligence, data and analytics, and technology to support risk assessment, customer experience, and operational efficiency. The NBFC also expanded its footprint across semi-urban and rural India, bringing its network to over 65,100 touchpoints nationwide.

In terms of customer acquisition, TVS Credit disbursed loans to over 14 lakh new customers during Q2 FY27, taking its cumulative customer base to over 2.7 crore.

"The steady performance of TVS Credit highlights the resilience and growth potential within the non-banking financial sector, particularly driven by retail demand in semi-urban and rural markets. Their focus on scaling distribution touchpoints while simultaneously investing in technology and AI for risk management indicates a balanced approach to expansion. For the broader financial services ecosystem, leveraging localized demand coupled with disciplined operational efficiency remains key to sustaining profitability." — Dr. Shishir Gupta, Founder & CEO, StartupLanes