Ugro Capital Limited has informed the Exchange about Investor Presentation
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital reported Q1 FY26 PAT of INR 34.1 Cr, up 12% YoY but down 16% QoQ, as the company tightened underwriting and ran down its lower-yielding supply chain finance book. AUM grew 31% YoY to INR 12,081 Cr, though net disbursements of INR 1,599 Cr fell sharply from INR 2,436 Cr in Q4 FY25. Asset quality remained stable with GNPA at 2.5% and provision coverage at 47%, but net total income margin compressed to 12.4% from 13.7% in FY25, and ROA declined to 2.0%. The company announced the acquisition of Profectus Capital for INR 1,400 Cr (RBI approval pending) and is raising INR 1,300 Cr in equity via a completed INR 381 Cr rights issue and an ongoing INR 911 Cr preferential issue.
Short-term profitability is under pressure due to lower disbursements, higher credit costs, and the SCF book run-down, but the Profectus acquisition and equity raise position the company for significant medium-term scale expansion. The stable asset quality and continued AUM growth are positives, though margin compression and rising GNPA from 2.0% to 2.5% YoY warrant close monitoring.