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.