Sumit’s Portfolio

Here’s a summary of the key updates for UGRO Capital Limited for the quarter ended September 30, 2024 (Q2 FY25):

1. AUM Growth:

   • Total Assets Under Management (AUM) crossed INR 10,200 Cr, compared to INR 9,218 Cr in the previous quarter (Q1 FY25) and INR 7,592 Cr in the same quarter last year (Q2 FY24), reflecting a 34% YoY growth.

2. Loan Origination:

   • Achieved the highest-ever quarterly net loan origination of INR 1,970 Cr, up from INR 1,146 Cr in Q1 FY25 and INR 1,477 Cr in Q2 FY24.
   • Significant growth in Micro Enterprises loans, with disbursements doubling to INR 450 Cr in Q2 FY25 compared to INR 209 Cr in Q1 FY25. This segment now contributes 11% to AUM, up from 8% in Q2 FY24.

3. Co-Lending and Liability Profile:

   • Co-lending volumes reached INR 600 Cr, the highest ever, expanding partnerships to 9 banks and 7 NBFCs.
   • Mobilized INR 1,100 Cr in borrowing during Q2 FY25, compared to INR 375 Cr in Q1 FY25.
   • Total liabilities (excluding Direct Assignment) stand at INR 5,300 Cr, with a diversified borrowing mix: 45% from banks, 31% from capital markets, and 26% from Development Financial Institutions (DFIs) and Financial Institutions (FIs).

4. Ratings and Recognition:

   • Received an upgrade from India Ratings to ‘IND A+/ Stable’ for long-term and ‘IND A1+’ for short-term borrowings.
   • UGRO Capital was awarded Best Fintech Lender of the Year by Financial Express.

ugro updates.pdf (2.9 MB)