Ugro Capital shares declined 5.59 per cent hitting the 52 week low level of Rs 198.00 after company announced their quarterly earnings which revealed net profit at Rs. 37.51 crore in December 2024 up 15.3 per cent.
The shares of Ugro Capital went on to touch the 52 week low level of Rs 198.00 per share on the exchanges after, hitting the opening bell level of Rs 214.37 per share with a surge of 2.2 per cent compared to closing bell level of last trading session.
Ugro Capital shares concluded around Rs 200.00 per share on the Indian exchanges, with a decline of 3.98 per cent amounting to a Rs 8.35 per share on the bourses.
Ugro Capital Q3 FY25
UGRO Capital’s third quarter (Q3FY25) net profit increased by 15 per cent year over year (yoy) to Rs 37.5 crore from Rs 32.5 crore in the same period last year.
The MSME lending-focused non-banking finance company’s net total income (the difference between total income and interest expenses) increased 34 per cent year over year to Rs 218 crore from Rs 163 crore in the previous quarter.
Asset under management (AUM) Q3 FY25
The assets managed by the NBFC climbed 32 per cent year over year to Rs 11,067 crore (Rs 8,364 crore). The quarter’s net disbursement, which is calculated as gross disbursements less repayments received in supply chain financing, increased 35 per cent year over year to Rs 2,098 crore (Rs 1,552 crore).
Performance of Assets in different categories
93.5 per cent of its AUM is in stage 1 (performing loans; 94.3 per cent as of December-end 2023), 4.4 per cent is in stage 2 (underperforming loans; 3.7 per cent), and 2.1 per cent is in stage 3 (credit-impaired loans; 2 per cent), according to the expected credit loss matrix.
