UGRO Capital Limited - Q2 FY2023-24 Key Updates

UGRO Capital Limited has announced the following key updates for the Quarter ended September 2023:

- Our overall AUM as on Q2'FY24 stood at ~INR 7,590 Cr compared to INR 6,777 Cr in Q1'FY24 (+12%) and INR 4,375 Cr in Q2'FY23 (+73%).

- Our Quarterly Gross loan origination for Q2'FY24 was ~INR 2,500 Cr compared to INR 2,036 Cr in Q1'FY24 (+23%) and INR 1,653 Cr in Q2'FY23 (+52%).

- Our Quarterly Net loan origination for Q2'FY24 was ~INR 1,470 Cr compared to INR 1,279 Cr in Q1'FY24 (+15%) and INR 1,100 Cr in Q2'FY23 (+34%).

- We continue to maintain healthy liquidity position, our total liabilities (excluding Direct Assignment) stood at INR ~3,800 Cr as of Sep'23 and have a diversified lender base of total 60 active lenders.

- Achieved off-book AUM of 45% as of Sep'23, up from 29% in Sep'22. On track to achieve stated business target of 50% Off Book AUM proportion

- Our collection efficiency has improved from 96.8% in Q1FY24 to 97.6% in Q2'FY24 (+80bps).

The information provided in the quarterly and 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. 272.45 as compared to the previous close of Rs. 268.75. The total number of shares traded during the day was 17406 in over 487 trades.

The stock hit an intraday high of Rs. 273.60 and intraday low of 268.65. The net turnover during the day was Rs. 4737245.00.

Source : Equity Bulls

Keywords

UgroCapital INE583D01011 Q2FY24 KeyUpdates