UGRO Capital Q2 Results: Net Profit Rises 17% To Rs 36 Cr; AUM Reached Rs 10,157 Cr

Today, UGRO Capital reported strong financial results for the second quarter and half year that ended on September 30, 2024. In Q2 of FY25, the firm recorded a net profit of Rs 36 Cr, up 17% year on year from Rs 30 Cr in Q1 of FY25. As of September 2024, the company had assets under management (AUM) of Rs 10,157 Cr. Financially speaking, UGRO Capital reported a total income of Rs 644 Cr for H1'25, up 37% year on year, and Rs 343 Cr for Q2'25, up 35% year on year and 14% quarter on quarter. Additionally, the PAT for Q2'25 was Rs 36 Cr, representing an exceptional 23% YoY and 17% QoQ gain, while the PAT for H1'25 scaled up to Rs 66 Cr, up 22% YoY.

With Q2 FY25 disbursements reaching Rs 1,971 Cr, up 72% QoQ, the company's net disbursements reached Rs 3,118 Cr, representing a 13% rise. At 2.1%/1.3% of total AUM, GNPA/NNPA maintains asset quality. With a good capital position and a CRAR of 24.5% as of September 2024, the total debt was Rs 5,344 Cr. The ratings upgrade from India Ratings to IND A+/Stable (long-term) and IND A1+ (short-term) further acknowledged UGRO's enhancing financial performance.

Together with the ideal GNPA/NNPA ratios of 2.1%/1.3% on the entire AUM, the quarter's performance was strong.

Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital said, "Crossing the INR 10,000 Cr AUM milestone highlights the strength of our DataTech infrastructure, vast geographical reach, and distribution network. This achievement reinforces our commitment to building a financially inclusive ecosystem for MSMEs across India. With increasing loan originations, co-lending volumes and 210 branches, we are ready to accelerate our focus on the small business segment. This is just the beginning of our journey toward becoming India's largest small business financing institution, driven by our core belief: MSME Accha Hai."

UGRO Capital has further cemented its reputation by working with 16 co-lending partners, 58 lenders, more than 50 fintechs, and more than 650 GRO partners to provide data-driven tailored credit solutions to over 100,000 MSMEs throughout India.

DataTech lending platform UGRO Capital Limited, which is listed on the NSE and BSE, offers data analytics and a robust technological framework that enables tailored sourcing platforms for every sourcing channel. With the support of well-known institutional investors, the company raised Rs 900+ Cr in equity capital in 2018, Rs 340 Cr in 2023, and Rs 1265 Cr in 2024. Its three-year aim is to gain 1% of the market share.