Outcome of Board Meeting held on 20th April 2026
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ugro Capital Limited, an NBFC registered with RBI, announced audited financial results for FY ended March 31, 2026. Total income grew 28% to Rs. 1,84,040 lakh from Rs. 1,44,185 lakh, driven by higher interest income of Rs. 1,27,293 lakh. However, net profit after tax declined 21% to Rs. 11,337 lakh from Rs. 14,393 lakh, impacted by increased impairment provisions and higher operating costs. Basic EPS declined to Rs. 9.13 from Rs. 15.52 due to increased share capital from rights issue and CCD conversions. Asset quality showed stress with Gross Stage 3 (NPA) increasing to 3.66% from 2.35% last year. The Board also approved re-appointment of Vice Chairman and Managing Director Mr. Shachindra Nath for 5 years, change in statutory auditors to G.P. Kapadia & Co., and issuance of NCDs up to Rs. 3,000 crore. The company completed acquisitions of Profectus Capital (December 2025) and Datasigns Technologies (March 2026) during the year.
While revenue growth was strong, the 21% decline in net profit and rising NPAs to 3.66% may concern investors. However, healthy capital adequacy of 21.17% and fund mobilization through NCDs support business expansion plans. The ESOP extension to subsidiary employees signals retention focus.