UGRO Capital Disbursements Top ₹3,000 Crore In Q2 As Strategic Reset Lifts Half-Year Profit By 53 Per Cent

UGRO Capital reported a surge in financial performance for the second quarter, with disbursements reaching ₹3,159 crore, a significant 77 percent increase from the previous year. Assets under management expanded by 23 percent to reach ₹15,019 crore. The lender noted that its two primary growth drivers now make up 53 percent of the total loan portfolio, a substantial rise from 32 percent nine months prior following a strategic reset in February 2026.

The company's lending activities in emerging market property loans grew by 42 percent, totaling ₹4,268 crore across 317 branches. UGRO Capital's subsidiary, GROx, a merchant lending platform, saw its assets under management nearly triple in the past year, reaching ₹3,661 crore. This segment currently disburses approximately ₹750 crore per month with daily collections.

Profit before tax saw a 12 percent year-on-year increase to ₹68.3 crore for the quarter, while first-half profit after tax rose by 53 percent to ₹118.6 crore. Operating expenses for the quarter decreased by 38 percent, from ₹205 crore to ₹127.2 crore over two quarters.

UGRO Capital's asset quality stood at 2.7 percent, with collection efficiency at 97 percent. The gross non-performing assets were reported at 2.7 percent, and the capital adequacy ratio was at 18.8 percent, with management anticipating it to climb towards 22 percent following a planned merger with Profectus Capital.