UGRO Capital Limited - Business Update for Q4FY22

UGRO Capital Limited has announced the key numbers for the quarter ended March 2022.

- The Quarterly loan origination for Mar'22 was INR 963 Cr compared to INR 449 Cr Q4'FY21. Loan origination is up 114% for Q4'FY22 vis-à-vis Q4'FY21. As a result, the overall AUM as on Mar'22 stood at INR 2,972 Cr up 126% since Mar'21.

- Jan'22 was a bit subdued on account of covid wave 3, the company has been resilient and have steadily recovered the loan origination to a healthy monthly run rate of ~350cr.

- The company continues to maintain healthy liquidity position, total liabilities (excluding Direct Assignment) stood at INR 1,821.21 Cr as of Mar'22 and the company added 12 new lenders during Mar'22 thereby further diversifying its liability base to a total of 62 lenders.

- As on Mar'22 the company operates 90+ branches.

- The collection efficiency has improved M-o-M along with low GNPA ratio.

The information provided in the quarterly update is as per limited review by the Management Team and is not certified by the auditor.

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 179.70 as compared to the previous close of Rs. 179.05. The total number of shares traded during the day was 3009 in over 290 trades.

The stock hit an intraday high of Rs. 189.55 and intraday low of 174.80. The net turnover during the day was Rs. 542941.00.

Source : Equity Bulls

Keywords

UgroCapital INE583D01011 BusinessUpdate Q4FY22 LoanOrigination AUM NPA Liabilities