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