I was reading UGRO’s Q2FY23 report. In the report they had mentioned
AUM – INR 4,375 Cr (+20% QoQ, +126% YoY)
Gross Loans Originated/ Disbursed
– INR 1,653 Cr (+22% QoQ)
– INR 3,011 Cr H1’23 (+168% H1’22)
My naive understanding of Originated vs Disbursed is :
- Originated : Loans which have been approved but loan hasn’t been credited into the borrower’s account.
- Disbursed : Loan has been credited to borrower’s account
Now in UGRO’s case , these two numbers don’t add up to the AUM value. Can someone please explain the flaw here?
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