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UGRO CAPITAL LIMITED — Earnings Release 2025
Jan 24, 2025
61740_rns_2025-01-24_c54e74eb-7441-40af-b194-44bdd61daf8d.pdf
Earnings Release
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24[th] January 2025
To BSE Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5[[th]] Dalal Street Mumbai 400001 (East) Mumbai 400051 Scrip Code – 511742 Symbol – UGROCAP
National Stock Exchange of India Limited Exchange Plaza, 5[[th]] Floor, Plot No. C/1, G Block Bandra, Kurla Complex, Bandra (East) Mumbai 400051
Subject: Press Release - “UGRO CAPITAL ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND NINE-MONTH PERIOD ENDED 31[ST] DECEMBER 2024”
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Press Release issued by the Company dated 24[th] January 2025, titled “UGRO Capital announces financial results for the quarter and nine-month period ended 31[st] December 2024”.
This is for your information and records.
The aforesaid information is being made available on the Company's website at www.ugrocapital.com
Thanking You,
For UGRO Capital Limited
Satish Digitally signed by Satish Kumar Kumar Chelladurai Chelladurai Date: 2025.01.24 21:18:48 +05'30'
Satish Kumar Company Secretary and Compliance Officer
Encl: a/a
UGRO CAPITAL LIMITED
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Registered Office Address : Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN : L67120MH1993PLC070739
Telephone : +91 22 41821600 I E-mail : [email protected] I Website : www.ugrocapital.com
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PRESS RELEASE
UGRO CAPITAL ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND NINE-MONTH PERIOD ENDED 31[ST] DECEMBER 2024 RECORDS LIFETIME HIGHEST NET LOANS ORIGINATION AT INR 2,098 CR FOR Q3’FY25
Reports AUM of INR 11,067 Cr, up 32% (YoY) and PAT for 9M’FY25 of INR 103 Cr up 19% (YoY)
Key Highlights:
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Disbursement for Q3’FY25 of INR 2,098 Cr, up 35% YoY and 6% QoQ
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AUM of INR 11,067 Cr, up 32% YoY and 9% QoQ
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Net Total Income for Q3’FY25 stood at INR 218 Cr, up 34% YoY and 9% QoQ
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GNPA/NNPA at 2.1%/1.5% on total AUM
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Secured a patent for the proprietary GRO Score credit scoring model
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Embedded Finance Growth: Reached INR 302 Cr AUM in embedded finance through MSL platform.
Mumbai, January 24, 2025: UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced its robust financial performance for the Quarter and Nine-month Period ended 31[st] December 2024. The company recorded its highest ever quarterly loan origination of INR 2,098 crore, surpassing INR 1,552 crore in the same quarter last year. Its Emerging Markets Secured Loans (erstwhile Micro Enterprises business) experienced significant growth, with disbursements at INR 543 crore in Q3’FY25, up from INR 180 crore in Q3’FY24, underscoring UGRO Capital’s commitment to empowering small businesses.
UGRO Capital sustained its Brief Financial Snapshot (INR in Cr) growth momentum in Particulars Q3’FY25 Q2’FY25 Growth 9M’FY25 9M’FY24 Growth Q3’FY25, achieving an AUM (Q-o-Q) (Y-o-Y) of INR 11,067 crore as of AUM 11,067 10,157 9% 11,067 8,364 32% Q3’FY25 representing 32% Loans originated / 2,098 1,971 6% 5,215 4,311 21% Disbursement increase compared to Q2’FY25. This surge can be Total IncomeInterest Expense 385 167 343143 12% 17% 1447,030 751315 37%42% attributed to increasing net Net Total Income 218 200 9% 583 436 34% loan origination, opening of Operating Expenses 123 105 17% 318 238 33% 74 new branches in Emerging Credit cost 42 44 (7%) 119 75 58% Market Segment in 9MFY25, PBT 53 50 6% 146 123 19% Tax 15 15 6% 43 36 18% achieving highest-ever PAT 38 36 6% 103 87 19% disbursement, Embedded Finance growth and a data-driven underwriting model that together enable consistent quarterly disbursals of over INR 1,000 Cr.
In terms of financial performance, UGRO Capital reported a total income of INR 1,030 crore for the nine-month period (9M’FY25), reflecting a 37% YoY growth . For Q3’FY25, total income stood at INR 385 crore , marking a growth of 38% YoY and 12% QoQ . The PAT for 9M’FY25 scaled up to INR 103 crore , up 19% YoY , while Q3’FY25 PAT was INR 38 crore , reflecting an impressive 15% YoY and 6% QoQ increase . The company achieved net disbursements of INR 5,215 crore in 9M’FY25 , reflecting 21% growth , with Q3’FY25 net disbursements reaching INR 2,098 crore , up 6% QoQ .
On the liability side, UGRO Capital mobilized its highest-ever debt of INR 1,400+ crore during Q3’FY25, bringing its total debt to INR 6,151 crore as of 31[st] December 2024. The robust quarterly performance, coupled with optimal GNPA/NNPA metrics of 2.1%/1.5% , highlights the quality of UGRO's portfolio and reflects a well-structured risk
UGRO CAPITAL LIMITED
Registered Office Address : Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN : L67120MH1993PLC070739
Telephone : +91 22 41821600 I E-mail : [email protected] I Website : www.ugrocapital.com
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management framework. UGRO Capital's distinctive co-lending approach, accounts for 44% of its off-book AUM, and its strategic partnership with 16 Co-lending partners, 59 lenders, over 60 fintechs, and 730+ GRO partners, facilitates data-driven, tailored financial solutions for more than 1.6 Lakh MSMEs across India.
Speaking on the performance, Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital , said, “Our strong growth trajectory demonstrates the resilience of our business model and our unwavering focus on serving the MSME sector. The GRO Score patent exemplifies our commitment to innovation, and our growing branch network ensures deeper penetration into underserved markets. We aim to scale our micro-enterprise portfolio to ~35% of AUM by March 2026, driving yield expansion and fostering financial inclusion. As we move forward, we are confident in achieving our strategic goals while continuing to empower MSMEs across the country.”
About UGRO Capital Ltd (NSE: UGROCAP I BSE: 511742)
UGRO Capital Limited is a DataTech Lending platform, listed on NSE and BSE, pursuing its mission of “Solving the Unsolved” for the small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach.
The Company’s prowess in Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end-to-end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers, and GRO X application to deliver embedded financing option to MSMEs.
The credit scoring model GRO Score (3.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.
UGRO has executed Co-lending model in India which is prevalent in the West through Co-Lending relationships with 16 Banks and NBFCs and built a sizeable off-balance sheet asset of more than 44% of its AUM through the GRO Xstream platform.
The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018, INR 340 Cr in 2023 and INR 1265 Cr in 2024) and aims to capture 1% market share over the next three years. For more information, please visit: http://www.ugrocapital.com/
Contact Details
UGRO Capital Concept PR Ankit Chothani Archana Pradhan E: [email protected] [email protected] M: +91 9833370569 M: +91 9820330505
UGRO CAPITAL LIMITED
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Registered Office Address : Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla (West), Mumbai - 400070 CIN : L67120MH1993PLC070739
Telephone : +91 22 41821600 I E-mail : [email protected] I Website : www.ugrocapital.com