UGRO Capital reaches Rs. 2500 crores AUM in December 2021

UGRO Capital Limited has announced updates on the key numbers for the month of December 2021.

• In the month of December, we have been able to achieve multiple milestones
• 2,500 Cr + of AUM
• 400 Cr + of gross monthly disbursements
• 1,000 Cr co-lending agreement with Central Bank of India across majority of our products
• 1,000 + Employees
• 75 + Branches
• For the month of December 2021, total Disbursements stood at INR 414 Cr vis - a - vis INR 319 Cr in November 2021 (M-o-M). As a result, the overall AUM as on December 2021 stood at INR 2,590 Cr up 97% since March 2021 and 130% since December 2020.
• We continue to maintain healthy liquidity position, we raised INR 355 Cr of fresh sanctions during December 2021 and our total liabilities stood at approx. INR 1,929 Cr as of December 2021
• We added 6 new lenders during December 2021 thereby further diversifying our lender base to a total of 50 lenders
• Our collection efficiency has improved M-o-M across channels

The information provided in the monthly update is as per limited review by the Management Team and is not certified by auditor. The company intends to disclose business update on monthly basis for current fiscal.

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 210.05 as compared to the previous close of Rs. 204.80. The total number of shares traded during the day was 28104 in over 1284 trades.

The stock hit an intraday high of Rs. 210.50 and intraday low of 206.30. The net turnover during the day was Rs. 5856237.00.

Source : Equity Bulls

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