UGRO Capital has announced its robust financial performance for the Second Quarter and Half Year ended 30th September, 2024. The company reported its Assets Under Management (AUM) of Rs 10,157 crore as of September 2024, underscoring its sustained momentum and commitment to build a platform for Micro, Small and Medium Enterprise (MSME) credit in India, according to a statement from the company.
It added that the Rs 10,000 crore AUM milestone and this surge can be attributed to increasing net loan origination, opening of 46 new micro branches, highest-ever disbursement by the micro channel, high co-lending volumes and the highest-ever borrowings mobilisation.
The statement further said, “In terms of financials, UGRO Capital highlighted a total income of Rs 644 crore for H1’25, up 37 per cent YoY, while the figure stood at Rs 343 crore for Q2’25, up 35 per cent YoY and 14 per cent QoQ. Furthermore, the PAT for H1’25 scaled up to Rs 66 crore, up 22 per cent YoY and was Rs 36 crore for Q2’25, marking 23 per cent YoY and 17 per cent QoQ increase.
The company achieved net disbursements of Rs 3,118 crore, reflecting a 13 per cent growth, with Q2 FY25 disbursements reaching Rs 1,971 crore, up 72 per cent QoQ. The asset quality is maintained with Gross Non-Performing Assets (GNPA)/Net Non-Performing Assets (NNPA) at 2.1 per cent/1.3 per cent of total AUM. As of September 2024, total debt stood at Rs 5,344 crore supported by a strong capital position with a Capital to Risks Assets Ratio (CRAR) of 24.5 per cent, the statement mentioned.
Commenting on the results, Shachindra Nath, Founder and Managing Director (MD), UGRO Capital, said in the statement, “Crossing the achievement reinforces our commitment to build 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 towards becoming India’s largest small business financing institution, driven by our core belief: MSME Accha Hai.”
