Key Decisions and Financial Results

  • Financial Results Approval: The Board considered and approved the Unaudited Financial Results (Consolidated and Standalone) for the quarter ended 30th June 2026, as recommended by the Audit Committee.
  • Limited Review Report: The Statutory Auditors, M/s G.P. Kapadia & Co., Chartered Accountants, issued an unmodified Limited Review Report (LRR) on the results pursuant to SEBI Regulations 33 and 52.
  • RTA Appointment: The Board approved the appointment of Beacon Investor Holdings Private Limited as the new Registrar and Share Transfer Agent (RTA), replacing the existing RTA, MUFG Intime India Private Limited. The transition process will involve a tripartite agreement between the Company, Beacon Investor, and MUFG. The effective date of the change will be communicated separately. Until then, MUFG will continue as RTA.

Detailed Standalone Financial Performance (Q1 FY27)

(All figures in ₹ lakh, unless stated)

  • Total Income: ₹45,398.48
  • Revenue from Operations: ₹41,740.65
  • Interest Income: ₹28,031.01
  • Fees and Commission Income: ₹3,199.74
  • Net Gain on Fair Value Changes: ₹468.22
  • Net Gain on Derecognition of Financial Instruments: ₹10,041.68
  • Other Income: ₹3,657.83
  • Total Expenses: ₹40,532.43
  • Finance Costs: ₹24,817.71
  • Impairment on Financial Instruments: ₹5,995.38
  • Employee Benefits Expenses: ₹3,633.42
  • Depreciation and Amortisation: ₹973.87
  • Other Expenses: ₹4,838.39
  • Profit Before Tax (PBT): ₹4,866.05
  • Tax Expense: (₹1,205.41)
  • Current Tax: ₹0.00
  • Deferred Tax: (₹1,205.41)
  • Profit for the Period (Net Profit): ₹6,071.46
  • Earnings Per Share (EPS):
  • Basic: ₹3.97
  • Diluted: ₹3.97
  • Paid-up Equity Share Capital: ₹15,281.56 lakh (Face value ₹10 each)

Detailed Consolidated Financial Performance (Q1 FY27)

(All figures in ₹ lakh, unless stated)

  • Total Income: ₹53,463.01
  • Total Expenses: ₹47,309.29
  • Profit Before Tax (PBT): ₹6,153.72
  • Tax Expense: (₹633.17)
  • Profit for the Period (Net Profit): ₹6,786.89
  • Earnings Per Share (EPS):
  • Basic: ₹4.44
  • Diluted: ₹4.44

Key Operational and Regulatory Disclosures

  • Company Status: UGRO Capital is an NBFC-ND (Non-Deposit taking Non-Banking Financial Company) classified as Middle Layer by RBI.
  • Loan Transfers (Standalone):
  • Stressed Loans: Sold 633 NPA accounts with an aggregate principal outstanding of ₹13,079.49 lakh to an Asset Reconstruction Company (ARC) for a consideration of ₹11,770.00 lakh. This resulted in an excess provision reversal of ₹2,063.14 lakh to the P&L.
  • Standard Loans (Assignment): Transferred loans worth ₹19,987.85 lakh (consideration: ₹17,989.07 lakh) with a weighted average maturity of 9.51 years. The company retained a 10% beneficial economic interest.
  • Loan Acquisitions: Acquired standard loans worth ₹698.08 lakh (consideration: ₹628.27 lakh) from other NBFCs.
  • Co-Lending Arrangements (Standalone):
  • As Originating RE: Had 3 active partners. Disbursed ₹41,472.08 lakh across 26,947 loan accounts in the MSME sector during the quarter. The weighted average interest rate was 30.26%.
  • As Partner RE: Had 2 active partners. Disbursed ₹335.03 lakh across 72 loan accounts in the MSME sector.
  • Asset Cover: The asset cover for listed secured NCDs was 1.24 times as of 30th June 2026.
  • CCDs Outstanding: 1,99,994 Compulsory Convertible Debentures (CCDs) issued in October 2025 (face value ₹10, issue price ₹185) remained outstanding and are convertible into equity shares within 18 months from allotment (by April 2027).
  • Subsidiary Updates:
  • Datasigns Technologies Pvt Ltd renamed to Grox Technologies Pvt Ltd (GTPL).
  • Ekagrata Finance Pvt Ltd renamed to Grox Advisors Pvt Ltd (GAPL).
  • Amalgamation Update (PCPL): The scheme for amalgamating wholly-owned subsidiary Profectus Capital Private Limited (PCPL) with UGRO Capital is pending pronouncement of order by the Hon'ble NCLT, Mumbai Bench, after hearings on 24th July 2026. Necessary NOCs have been obtained from RBI, NSE, and BSE.
  • Tax Regime Change: The Company opted for the concessional tax regime under Section 200 of the Income-tax Act, 2025, reducing the applicable tax rate from 29.12% to 25.17%. Deferred tax balances were remeasured, resulting in a tax credit.

Key Ratios (Standalone)

  • Debt-Equity Ratio: 3.33 (30-Jun-2026) vs 3.24 (31-Mar-2026)
  • Net Worth: ₹2,90,674.69 lakh (30-Jun-2026)
  • Net Profit Margin: 13.37% (Q1 FY27)
  • Gross Stage 3 (NPA): 2.75%
  • Net Stage 3 (NPA): 1.71%
  • Capital to Risk-Weighted Assets Ratio (CRAR): 20.96%

Key Ratios (Consolidated)

  • Net Worth: ₹2,97,560.27 lakh (30-Jun-2026)
  • Net Profit Margin: 12.69% (Q1 FY27)