U GRO Capital Achieves Historic Billion Dollar AUM Milestone, Reports Robust Financial Performance for Q3 and 9M FY24

U GRO Capital, India's largest Co-lender in the MSME segment and a leading DataTech NBFC, proudly announces its exceptional financial performance for the Quarter and Nine-month Period ending December 31, 2023. The company has reached a historic milestone by entering the prestigious Billion Dollar AUM Club, marking a significant achievement in its growth trajectory.

Financial Highlights:

• AUM of INR 8,364 Cr as of December '23, showcasing a remarkable 64% YoY growth and a 10% QoQ increase.
• Total Income for 9M FY24 at INR 751.3 Cr, up 61% compared to the same period in FY23.
• Profit After Tax (PAT) for 9M FY24 surged to INR 86.7 Cr, reflecting an impressive 237% YoY growth.
• Strategic investments in distribution channels and a data-centric underwriting model contribute to monthly disbursals exceeding INR 500 Cr.

Operational Achievements:

• Proprietary underwriting model, GRO Score 3.0, continues to demonstrate efficacy in providing tailored financial solutions.
• Co-lending partnerships with over 10 collaborators, including 55 lenders, 40 fintechs, and 500 GRO partners.
• Optimal GNPA/NNPA metrics of 2.0%/1.1% on the total AUM underscore the quality of U GRO Capital's portfolio.

Quote from Mr. Shachindra Nath, Founder and Managing Director: "At U GRO Capital, our journey is defined by continuous innovation, dedicated to reshaping financial sector standards. Today, we proudly announce surpassing INR 8300 crores in AUM, entering the Billion Dollar AUM Club. This accomplishment reflects our unwavering commitment to innovation and delivering unmatched financial solutions."

Key Performance Highlights for Q3 and 9M FY24:

• AUM growth of 64% YoY and 10% QoQ.
• Net Loans originated in Q3 FY24: INR 1,552 Cr (up 33% YoY and 5% QoQ).
• Total lender count: 58 as of December '23.
• Healthy capital position with CRAR of 22.3% as of December '23.

About UGRO Capital Ltd: U GRO Capital Limited, listed on NSE and BSE, is a DataTech Lending platform dedicated to bridging the small business credit gap in India. Leveraging data analytics and strong technology architecture, U GRO Capital offers customized sourcing platforms, including GRO Plus, GRO Chain, GRO Xstream, and GRO X application. The company's credit scoring model, GRO Score 3.0, revolutionizes MSME credit by providing on-tap financing. With a co-lending model and strategic partnerships, U GRO Capital aims to capture 1% market share over the next three years.

For more information, visit: U GRO Capital