Ugro Capital Ltd

UGRO Capital Q4 FY26: 40% Income Growth, Branch Expansion & Strong ROA Progress 📈

- Total income grew 40% YoY to ₹2,021.1 Cr

- PAT increased 21% YoY to ₹174.8 Cr

- Emerging Market AUM reached ₹3,581 Cr

- Embedded Merchant Finance AUM grew to ₹2,280 Cr

- Branch network expanded to 317 branches across 13 states

- Portfolio mix shifted to focus verticals (increased from 32% to 38% of AUM)

- Asset quality remained stable with GNPA at 2.5%

- Cost realignment executed with annualized savings estimated at ₹200–220 Cr

- Capital Adequacy Ratio improved to 21.2%

- Embedded Merchant Finance served ~250k active customers with AUM growth of 6x in 15 months

- Q4 reported ROA/ROE at 2.1%/7.1% including one-time exit cost; ex-exit cost ROA was 2.8% and ROE 9.6%