Ugro Capital Limited — Updates, 24-01-2025: Press Release

UGRO Capital has showcased a strong financial performance for the quarter and nine-month period ending December 2024, achieving record loan origination of INR 2,098 Cr, a 35% increase year-over-year. The company reported an impressive AUM of INR 11,067 Cr, marking a 32% growth YoY. Total income for the quarter reached INR 385 Cr, reflecting a 38% YoY increase, while PAT rose to INR 37 Cr, a 15% YoY improvement. The company also recorded optimal GNPA and NNPA ratios of 2.1% and 1.5%, respectively, indicating healthy portfolio quality. UGRO Capital mobilized over INR 1,400 Cr in debt during the quarter, bringing total debt to INR 6,151 Cr. The launch of 74 new branches and innovations like the GRO Score credit scoring model further position the company for future growth. Given these developments, the outlook remains positive for UGRO as it continues to enhance its service offerings for MSMEs and expand its reach across India.