Invest
Non-banking Financial company Ugro Capital announced Q3FY24 & 9MFY24 results:
Key performance highlights:
- Net disbursement of Rs 4,311 crore in 9MFY24, up 35% YoY and 1,552 crore in Q3FY24, up 5% QoQ
- AUM of Rs 8,364 crore as of Dec’23 (up 64% YoY and 10% QoQ)
- Total Income stood at Rs 279.3 crore for Q3FY24 (up 47% YoY and 10% QoQ) and Rs 751.3 crore in 9MFY24 (up 61% compared to 9MFY23)
- Net Total Income stood at Rs 162.6 crore for Q3FY24 (up 51% YoY and 10% QoQ) and Rs 436.5 crore in 9MFY24 (up 66% compared to 9MFY23)
- PBT increased to Rs 46.4 crore in Q3FY24 (up 109% YoY and 14% QoQ) and Rs 122.8 crore in 9MFY24 (up 145% compared to 9MFY23)
- PAT increased to Rs 32.5 crore in Q3FY24 (up 148% YoY and 13% QoQ) and Rs 86.7 crore in 9MFY24 (up 237% compared to 9MFY23)
- GNPA / NNPA as on Dec’23 stood at 2.0% /1.1% (as a % of Total AUM)
- Over 67k customers as of Dec’23
- 104 branches (as of Dec’23)
- Total lender count stood at 58 as of Dec’23
- Total Debt stood at Rs 4,173 crore as on Dec’23, and the overall debt to equity ratio was 3.0x
- Healthy capital position with CRAR of 22.3% (as of Dec’23)
Shachindra Nath, Founder and Managing Director of Ugro Capital said, “At Ugro Capital, our journey is defined by continuous innovation, dedicated to reshaping financial sector standards. Today, we proudly announce surpassing Rs 8,300 crore in AUM, entering the billion dollar AUM Club. This accomplishment reflects our unwavering commitment to innovation and delivering unmatched financial solutions. Committed to boosting India's economic growth, we aspire to build a significant institution for small business financing. With ambitious FY24 goals, we are strategically poised to achieve them through innovative strategies, collaborations, and a steadfast commitment to sustainable entrepreneurship. Ugro Capital offers an attractive opportunity for investors seeking enduring growth and robust returns.”
FAQ’s on Ugro Capital Ltd Shares
