UGRO Capital GROx disbursements top ₹1,853 crore in Q1

Company-wide net disbursements reached ₹2,551 crore, up 59% year-on-year and 19% quarter-on-quarter. Profit before tax came in at ₹61.5 crore, up 28% from a year earlier. Net profit of ₹67.9 crore included a one-time deferred tax benefit from a shift to a new tax regime. Total AUM stood at ₹15,013 crore, up 24% year-on-year. Return on Assets improved to 2.8% and Return on Equity to 9.2%.

UGRO's Emerging Market branch network, now fully built at 317 branches across 13 states with over 2,500 employees, disbursed ₹592 crore during the quarter, taking its AUM to ₹3,896 crore.

The company said monthly disbursements crossed ₹1,000 crore in July 2026, its highest ever. UGRO exited lower-yielding third-party sourced Prime lending in February 2026 as part of a strategic realignment. Focused businesses now account for 46% of AUM against a target of 85% by FY29. Quarterly operating expenses fell 42% to ₹118.5 crore. The company said it expects no additional equity requirement through FY29.