Ugro Capital Ltd

(UGROCAP)

Ugro Capital Q1 Results Show Increase in Topline and Profit - 01 Aug, 2024

Ugro Capital's Q1 results reveal a YoY increase of 42.04% in topline and 20.29% in profit. The EPS for Q1 increased by 18.41% YoY. Three analysts have given the company a Strong Buy rating.

UGRO Capital Reports 20% YoY Increase in Net Profit - 31 Jul, 2024

DataTech NBFC UGRO Capital reported a 20% YoY increase in net profit at Rs 30 crore for Q1FY25, with net total income standing at Rs 165 crore, up 32% YoY. The company's co-lending approach and strategic partnerships have propelled its growth trajectory, accounting for 45% off-book AUM. Founder and Managing Director Shachindra Nath expressed confidence in the company's ability to innovate and expand its footprint in MSME lending.

Ugro Capital Partners with SIDBI for Co-Lending to MSMEs - 30 Jul, 2024

Data-tech NBFC UGRO Capital has entered into a co-lending partnership with Small Industries Development Bank of India (SIDBI) to offer bespoke finance solutions to over 78,000 MSMEs in India. The partnership is in accordance with the RBI's co-lending framework designed to boost priority-sector lending.

Ugro Capital Founder Urges Government to Address Challenges Faced by NBFCs - 22 Jul, 2024

Shachindra Nath, founder and MD of UGRO Capital Ltd, has called for the establishment of an NBFC-PSL category that would focus on at least 85% of their assets under management (AUM) on the priority sector. This will foster a more inclusive and resilient financial ecosystem for MSMEs.

Ugro Capital's AUM up 36% in Q1 FY25 - 15 Jul, 2024

Ugro Capital reported a positive business update for Q1 FY25, with assets under management (AUM) up 36% at Rs 9,200 crore and gross loan origination down 10% YoY at Rs 1,840 crore.

Ugro Capital MD Shares Insights on MSME Sector Expectations for Upcoming Budget - 13 Jul, 2024

Shachindra Nath, Vice Chairman and Managing Director of U GRO Capital, shared his insights and expectations for the MSME sector in a conversation with Business Today TV. Nath highlighted key areas where the upcoming budget could empower India's economic backbone by addressing the credit gap, fostering digitisation, and creating a more supportive ecosystem.

U GRO Capital Founder Proposes Measures to Mitigate NBFC Challenges - 08 Jul, 2024

Shachindra Nath, founder and MD of U GRO Capital, has proposed measures to mitigate challenges faced by NBFCs in the upcoming Union budget. These include a new category of NBFCs for priority sector lending to MSMEs, reintroduction of partial credit guarantee scheme for NBFC-MSMEs, and harmonisation of SARFAESI limit.