U GRO Capital has hit new milestones in its Q2 FY25 results, with Assets Under Management (AUM) surpassing Rs 10,200 crore, a significant jump from Rs 2,970 crore in March 2022. The Micro, Small and Medium Enterprise (MSME)-focussed lender also recorded its highest-ever net loans origination at Rs 1,970 crore, a statement from the company notified.
It said that in accordance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulation, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price-Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, the company updated on the key numbers for the quarter ended September 2024 as below:
- UGRO achieved the total AUM milestone of Rs 10,200+ crore as of Sep’24, from Rs 2,970 crore as of Mar’22. Over the last 10 quarters, UGRO’s investment in DataTech infrastructure, coupled with branch network and market leading position is coming together in creating a lending platform for Micro, Small and Medium Enterprise (MSME) credit in India.
- UGRO achieved its life-time highest co-lending volume of Rs 600+ crore in Q2’FY 25 comparing to Rs 337 Cr in Q1’FY 25. Off-book AUM proportion stands at ~44 per cent as of Sep’24; expanded co-lending partner list – which consists of nine banks and seven Non-Banking Finance Companies (NBFCs).
- UGRO mobilised its lifetime highest borrowing Rs 1,100+ crore in Q2’FY25 as against Rs 375 crore in Q1’FY25.
- The company’s liability profile continues to remain diversified, with total liabilities (excluding Direct Assignment) at ~Rs 5,300+ crore as of Sep’24. Borrowings from banks constitute roughly 45 per cent of our liability mix while capital markets account for 31 per cent(including 13 per cent on part of NCDs held by DFIs). The cumulative share of DFIs and FIs is 26 per cent, with other sources contributing 11 per cent.
