Updates for the Quarter ended March 31, 2025
UGROCAP · price
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Ugro Capital, an MSME-focused non-banking lender, reported its Assets Under Management (AUM) grew to over Rs 12,000 crore as of March 2025, up about 33% from Rs 9,047 crore a year ago. Net loan originations hit a lifetime high of Rs 2,450+ crore in Q4 FY25, compared with Rs 2,098 crore in the previous quarter and Rs 1,554 crore in Q4 FY24. The growth was driven mainly by a more than 3x jump in Emerging Market Loan Against Property (LAP) disbursements to Rs 660+ crore and continued momentum in its embedded finance platform (MSL), which crossed Rs 700 crore in AUM. The company added 85 new SME branches during FY25 and aims to raise Emerging Market LAP's share of AUM to around 35% by March 2026. On the liability side, total debt stood at Rs 6,800+ crore spread across 59 lenders, with a healthy mix of banks (46%), DFIs/FIs (28%), capital markets (28%), and others (11%). Collection efficiency remained steady at 96%.
This is a strong quarterly update for shareholders, showing robust AUM growth, record disbursements, expanding branch network, and stable asset quality. The numbers are unaudited and management-reviewed, so they are indicative, but the trend points to healthy business momentum and improving product mix.