Ugro Capital disbursements increase 19% MoM to Rs288cr in September

The overall AUM as of September 2021 stood at Rs1,932cr up 47% since March 2021 and 97% since September 2020.

Oct 13, 2021 11:10 IST India Infoline News Service

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Ugro Capital Limited updated the exchanges on the key numbers for the month of September 2021. The company’s total disbursement stood at Rs288cr vis – a – vis Rs243cr in August 2021 (an increase of ~19% MoM). As a result, the overall AUM as of September 2021 stood at Rs1,932cr up 47% since March 2021 and 97% since September 2020.

The company said, recovery in the economic activity led to robust qoq growth in disbursements across all segments. Total disbursements for Q2FY22 stood at Rs791cr vis a vis Rs31cr (+139% qoq).

The company continues to maintain healthy liquidity position, raising Rs388cr of debt during Q2FY22 as a result of which the total liabilities stood at approx. Rs1,096cr as on September 2021.

“We added 6 new lenders during Q2FY22 thereby further diversifying our liability base to a total of 38 lenders. On the back of our robust portfolio quality, we were able to securitize portfolio of Rs68cr during Q2FY22 which acted as a liquidity booster to fuel disbursement growth for us. Robust portfolio quality helped us securitize loans worth Rs68cr during the quarter which further improved our liquidity position,” company said in a filing on Tuesday.

At around 11.06 am, Ugro Capital Limited was trading at Rs129.60 per piece up Rs0.65 or 0.50% on the BSE.

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