Ugro Capital Limited has informed the Exchange about change in Director
UGROCAP · price
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Ugro Capital's board, meeting on 11 August 2025, approved unaudited results for Q1 FY26 (quarter ended 30 June 2025) and noted a change in its Nominee Director. Total revenue from operations rose sharply to Rs. 41,400.19 lakh from Rs. 29,317.61 lakh in Q4 FY25 and Rs. 29,144.45 lakh in Q1 FY25, helped by higher interest income and gains on derecognition of financial instruments. Profit after tax came in at Rs. 3,413.04 lakh, down from Rs. 4,054.76 lakh in the previous quarter but up from Rs. 3,035.59 lakh a year ago, with basic EPS at Rs. 3.61. Mr. Suresh Prabhala resigned as Non-Executive (Nominee) Director representing ClearSky Investment Holdings, and ClearSky nominated Mr. Ramanathan Subramanian Arun Kumar (Chief Operating Officer at ClearSky) as his replacement, subject to RBI approval. Asset quality held steady with Net Stage 3 at 1.49% (vs 1.59% YoY) and capital adequacy at a healthy 22.36%.
The director change is a routine nominee swap by large shareholder ClearSky and is unlikely to affect business operations or strategy. Q1 results show strong revenue momentum but softer sequential profit due to higher finance and impairment costs; investors may watch for sustained AUM growth and stable asset quality.