Finance company Ugro Capital announced Q2FY26 results AUM: Rs 12,226 crore, up 20% YoY Net Disbursement: Rs 1,789 crore in Q2FY26; Rs 3,388 crore in H1FY26 Total Income: Rs 461 crore in Q2FY26, up 35% YoY; Rs 883 crore in H1FY26, up 37% YoY PAT: Rs 43.3 crore in Q2FY26, up 27% QoQ / 22% YoY; Rs 77.4 crore in H1FY26, up 18% YoY GNPA / NNPA: 2.4% / 1.5% on AUM; provision coverage ratio at 47%; Stage-1 Assets: Stable at 93% of the AUM, indicating high asset quality. Off-book AUM: 43% of AUM, across 16 co-lending and 40+ fintech partnerships CRAR: 25.4%, ensuring strong capital headroom Rating Update: India Ratings updated its long-term ratings to IND A+ / Rating Watch with Positive Implication and Crisil updated its long term ratings to Crisil A/ Rating Watch with Developing Implications Total Collection Efficiency: 100% in Q2FY26 (up from 96% in Q2FY25). Shachindra Nath, Founder and Managing Director of UGRO Capital said, “Q2FY26 marked a period of strategic recalibration and operational steadiness. With the Emerging Market network now at 303 branches and the Embedded Finance platform scaling rapidly, UGRO is entering a phase of structural profitability improvement. Our portfolio quality remains robust, with 93% assets in Stage-1, 100% total collection efficiency, and conservative provisioning. As our branches mature over the next six quarters and Embedded Finance deepens, we see a clear pathway to ROA expansion and sustained value creation. The Profectus Capital acquisition and continued investment in our DataTech underwriting architecture strengthen UGRO’s position as India’s most diversified and data-driven MSME lender.” Result PDF
Finance company Ugro Capital announced Q1FY26 results AUM of Rs 12,081 crore, up 31% YoY. Total Income stood at Rs 421.8 crore in Q1FY26, up 40% YoY. Net Total Income at Rs 216.5 crore, up 31% YoY. GNPA/NNPA at 2.5%/1.7% on total AUM. Embedded Finance Growth: Reached Rs 1,011 crore AUM with Rs 582 crore disbursed in Q1FY26 through MSL platform. Emerging Market Business Growth: Reached Rs 2,772 crore AUM with 309 branches operational; ~346 branches to be operational by Sep’25. CRAR at 22.4%, provides strong capital headroom above the regulatory minimum, supporting calibrated growth. Strategic actions: Profectus Capital acquisition (Rs 1,400 crore, all-cash) advancing; Rs 381 crore rights issue completed and Rs 911 crore preferential issue in process. Shachindra Nath, Founder & Managing Director of UGRO Capital, said: “Q1 was a quarter of discipline. In line with our risk guardrails, we tightened underwriting and moderated originations wherever borrower leverage was elevated. Even so, the portfolio remained resilient across our nine focus sectors, and we delivered 31% YoY AUM growth with stable asset quality. We stayed focused on building our next engines of Emerging Market distribution, Embedded Finance partnerships and the Profectus acquisition. With capital actions underway and approvals progressing, we are well placed for the next phase of high-quality growth. While the industry is seeing relatively higher stress in unsecured segments, UGRO’s exposure there is limited and ring-fenced; our book is predominantly secured, and our filters are sharper than before. As seasonal effects fade and partner funnels ramp up, we expect growth to pick up while staying firmly disciplined on unit economics. Result PDF