<p>Chennai: Non-banking finance company TVS Credit Services Ltd has posted a profit after tax for the July-September quarter at Rs 134 crore up by 40 per cent.</p>.<p>The company had registered a net profit at Rs 96 crore during the corresponding quarter of last financial year.</p>.<p>For the six month period ended September 30, 2023 the net profit stood at Rs 252 crore, the company said on Sunday.</p>.<p>The assets under management as of September 2023 grew to Rs 23,516 crore from Rs 20,602 crore registered in March'23.</p>.<p> Total income during the quarter under review was Rs 1,399 crore.</p>.Vodafone close to selling stake in its Spanish business to Zegona Communications.<p>In a statement, the city-based company said the credit demand continued to remain strong aided by higher consumption and infrastructure outlay by the government.</p>.<p>During the half year ended September 30, 2023, the business witnessed significant growth, led by the robust performance of consumer loans, it said.</p>.<p>With the addition of 20 lakh new customers during the six month period ended September 30, 2023, the total consumer base of the company exceeded 1.2 crore.</p>.<p>"With the festive season on the horizon, TVS Credit is set to unveil a range of special product schemes and exciting consumer promotions to help individuals fulfil their aspirations," the statement added. </p>
<p>Chennai: Non-banking finance company TVS Credit Services Ltd has posted a profit after tax for the July-September quarter at Rs 134 crore up by 40 per cent.</p>.<p>The company had registered a net profit at Rs 96 crore during the corresponding quarter of last financial year.</p>.<p>For the six month period ended September 30, 2023 the net profit stood at Rs 252 crore, the company said on Sunday.</p>.<p>The assets under management as of September 2023 grew to Rs 23,516 crore from Rs 20,602 crore registered in March'23.</p>.<p> Total income during the quarter under review was Rs 1,399 crore.</p>.Vodafone close to selling stake in its Spanish business to Zegona Communications.<p>In a statement, the city-based company said the credit demand continued to remain strong aided by higher consumption and infrastructure outlay by the government.</p>.<p>During the half year ended September 30, 2023, the business witnessed significant growth, led by the robust performance of consumer loans, it said.</p>.<p>With the addition of 20 lakh new customers during the six month period ended September 30, 2023, the total consumer base of the company exceeded 1.2 crore.</p>.<p>"With the festive season on the horizon, TVS Credit is set to unveil a range of special product schemes and exciting consumer promotions to help individuals fulfil their aspirations," the statement added. </p>