Q3FY23 results
Key performance highlights for Q3’FY23
- a) Growth, Expansion and Portfolio quality
- AUM of INR 5,095 Cr (up 97% YoY and 16% QoQ)
- INR 4,886 Cr of Gross Loans originated in 9M’FY23 (up 125% compared to 9M’FY22) and INR 1,874 Cr of Gross Loans originated in Q3’FY23 (up 78% YoY and 13% QoQ).
- Total Income stood at INR 189.6 Cr for Q3’FY23 (up 123% YoY and 22% QoQ) and INR 466.6 Cr for 9M’FY23 (up 134% compared to 9M’FY22)
- Net Total Income stood at INR 108.0 Cr for Q3’FY23 (up 131% YoY and 24% QoQ) and INR 263.7 Cr for 9M’FY23 (up 136% compared 9M’FY22)
- PBT increased to INR 22.2 Cr in Q3’FY23 (up 338% YoY and 27% QoQ) and INR 50.2 Cr in 9M’FY23 (up 313% compared to 9M’FY22)
- GNPA / NNPA as on Dec’22 stood at 1.7% /1.1% (as a % of Total AUM)
- Over 38,000 customers as on December 2022
- 98 branches (as on Dec’22)
- b) Liability and Liquidity Position
- Total lender count stood at 67 as on December 2022
- Total Debt stood at INR 2,885 Cr as on December 2022, and overall debt to equity ratio was 3x
- Healthy capital position with CRAR of 21.54% (as on December 2022)
Is the high debt a cause for concern OR is this expected for a novel company like UGRO who is growing very fast?
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