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Finance company Ugro Capital announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Net disbursement of Rs 1,554 crore in Q4FY24.
- AUM of Rs 9,047 crore, up 8% QoQ.
- Net Total Income stood at Rs 202.2 crore in Q4FY24, up 24% QoQ.
- Total Income stood at Rs 330.4 crore for Q4FY24, up 52% YoY and 18% QoQ.
- PBT increased to Rs 55.9 crore in Q4FY24, up 66% YoY and 21% QoQ.
- PAT increased to Rs 32.7 crore in Q4FY24, up 133% YoY.
- GNPA/NNPA at 2.0%/1.1% on total AUM.
- Over 78k customers as on Mar’24.
- 150 branches (as of March 24).
FY24 Financial Highlights:
- Net disbursement of Rs 5,867 crore in FY24, up 26% YoY.
- Net Total Income stood at Rs 638.8 crore in FY24, up 64% YoY.
- Total Income stood at Rs 1,081.7 crore in FY24, up 58% compared to FY23.
- PBT increased to Rs 178.8 crore in FY24, up 113% compared to FY23.
- PAT increased to Rs 119.3 crore in FY24, up 200% compared to FY23.
- GNPA/NNPA as on Mar’24 stood at 2.0%/1.1% (as a % of Total AUM).
- Total Debt stood at Rs 4,653 crore as on Mar’24, and overall debt to equity ratio was 3.2x.
- Healthy capital position with CRAR of 20.8% (as on Mar’24).
Shachindra Nath, Founder and Managing Director of U GRO Capital said, “At UGRO Capital, our FY24 results reflect our unwavering commitment to reshaping small business financing. Surpassing Rs 9,000 crores in AUM demonstrates our dedication to delivering unmatched financial solutions. With ambitious goals for FY25, we're poised to innovate and expand our footprint in MSME lending.”
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