Ugro Capital Limited — Investor Meet, 27-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

UGRO Capital's Q4 FY26 earnings call highlighted a strategic pivot to high-yielding Emerging Market LAP & Embedded Finance. Net Total Income rose 51% YoY and PAT 26% YoY (ex-one-time costs). Cost of borrowings improved to 10.16%. AUM is intentionally flat as non-focus segments run down. Focus verticals, now 38% of AUM, target 85% by FY29. EM-LAP network (317 branches) is complete; Embedded Finance AUM grew 27% QoQ to 2,280 Cr with 24-26% yields. 220 Cr annualized cost savings are on track. Management targets 3-3.5% cash ROA by FY29, with no new equity needed. The firm is now generating capital for profitable growth in niche markets.