Ugro Capital Ltd

(UGROCAP)

Emkay Global Sets Positive Target for UGRO Capital - 28 Oct, 2024

Emkay Global Research has maintained a Buy recommendation for UGRO Capital, setting a target price of Rs 360, reflecting strong AUM growth despite higher credit costs impacting profitability.

Emkay Global Reiterates Buy Rating for Ugro Capital - 25 Oct, 2024

Ugro Capital reported strong Q2FY25 performance with record net disbursement and AUM growth. Despite increased credit costs affecting profitability, Emkay Global maintains a BUY rating with a revised target price of Rs 360.

UGRO Capital Reports Strong Financial Growth - 24 Oct, 2024

UGRO Capital showcases robust financial performance with a 37% YoY income increase and standalone net sales up 35%. The company maintains strong asset quality and expands its AUM significantly.

UGRO Capital Achieves Record Disbursement and Growth - 23 Oct, 2024

UGRO Capital announced strong financial performance for H1 FY25, with a 22% increase in PAT and record disbursements of ₹1,971 crore in Q2. The company maintains stable asset quality with GNPA at 2.1%.

UGRO Capital Reports Strong Q2 Financial Results - 22 Oct, 2024

UGRO Capital's Q2 FY25 results show a 17% increase in net profit to Rs 36 Cr, with AUM reaching Rs 10,157 Cr. The company also received a ratings upgrade from India Ratings, reflecting its strong financial performance.

UGRO Capital Secures $40 Million Loan from DFC - 17 Oct, 2024

UGRO Capital has signed a commitment letter with the US International Development Finance Corporation for a USD 40 million loan to support MSME lending in India. This funding will enhance financial inclusion, particularly for women-owned businesses, with 70% allocated to 2X qualifying enterprises. This marks UGRO's third impact deal within a year.

UGRO Capital Secures $40 Million Loan from DFC - 16 Oct, 2024

UGRO Capital has secured a $40 million loan from the US International Development Finance Corporation to enhance lending to Indian MSMEs, focusing on women-owned enterprises. This marks UGRO's third impact deal within a year, following previous funding from ADB and FMO. The loan aims to bridge the credit gap and promote financial inclusion in India.

Ugro Capital Achieves Milestones, Stock Surges - 11 Oct, 2024

Ugro Capital reported a significant increase in Assets Under Management, surpassing ₹10,200 crore, and achieved record net loan originations of ₹1,970 crore in Q2 FY25, leading to an 8% stock price increase.

UGRO Capital Achieves Milestones and NCD Issuance - 10 Oct, 2024

UGRO Capital has opened a public issue of secured NCDs worth ₹200 crore. The company also crossed ₹10,000 crore in AUM, reflecting robust growth and high loan originations.

Ugro Capital Targets Rs 8,000 Crore AUM Growth - 08 Oct, 2024

Ugro Capital aims to add Rs 8,000 crore to its assets under management (AUM) over the next fiscal year, following a strong growth trajectory despite past crises. The company plans to focus on expanding its micro-enterprises vertical.

UGRO Capital Surpasses INR 10,000 Crore AUM - 04 Oct, 2024

UGRO Capital Limited has achieved a significant milestone by surpassing INR 10,000 crore in Assets Under Management (AUM), up from INR 1,700 crore in 2022, showcasing its growth and commitment to supporting MSMEs in India.

UGRO Capital Achieves ₹10,000 Crore AUM Milestone - 03 Oct, 2024

UGRO Capital Limited has crossed the significant milestone of ₹10,000 crore in Assets Under Management, achieved in record time, showcasing its dedication to empowering MSMEs and the efforts of its employees and stakeholders.

UGRO Capital Announces Board Changes - 01 Oct, 2024

UGRO Capital Limited has announced the resignation of Mr. Manoj Kumar Sehrawat as a Non-Executive Director and the appointment of Mr. Suresh Prabhala as an Additional Non-Executive Director, effective October 1, 2024.

UGRO Capital Anticipates Record Disbursements in Q2 FY25 - 30 Sep, 2024

UGRO Capital expects all-time high disbursements in Q2 FY25, despite an 11% YoY decline in Q1 FY25. The company aims to increase its AUM by ₹3,000 crore annually and improve its RoA to 4% over the next eight to ten quarters by focusing on higher ticket micro enterprise loans.