UGRO Capital Reports Robust Q1'FY25 Financial Performance with 36% AUM Growth

UGRO Capital, a leading DataTech NBFC in India, reported strong financials for the quarter ending June 30, 2024. The company achieved a 36% year-on-year increase in its Assets Under Management (AUM), reaching INR 9,218 Cr. The growth is attributed to strategic investments and a data-centric underwriting model.

UGRO Capital, India's largest MSME segment co-lender and DataTech NBFC, has announced impressive financial results for Q1'FY25. As of June 2024, the company reported an AUM of INR 9,218 Cr, which is a significant 36% year-on-year rise.

The company saw a total income increase of 38% YoY, reaching INR 301.6 Cr, and a 20% YoY rise in Profit After Tax, amounting to INR 30.4 Cr. UGRO Capital attributes its financial robustness to strategic investments in distribution channels, its expansive lender base, and a data-driven underwriting model.

Moreover, UGRO Capital's innovative co-lending partnerships and optimal GNPA/NNPA metrics signify its strong portfolio quality and well-structured risk management approach.

(With inputs from agencies.)