Ugro Capital Q2 FY27: Profit Up 17% to ₹50.7 Cr, AUM Grows 23% YoY to ₹15,019 Cr
Ugro Capital's Q2 FY27 profit after tax increased 17% YoY to ₹50.7 crore. AUM grew 23% YoY to ₹15,019 crore. The company disbursed over ₹1,000 crore monthly. The merger of Profectus is pending NCLT hearing on November 20, 2026. Pro forma capital adequacy stands at ~22%.
The strong financial performance, strategic shift towards focused business segments, and the impending completion of a significant merger are all material events that are likely to have a high impact on investor perception and the company's future trajectory.
The company reported a significant year-on-year increase in profit after tax and AUM, along with record disbursements and reduced operating costs. The positive progress on the Profectus merger and future growth targets also contribute to a positive sentiment.
Ugro Capital Limited has reported its financial results for the quarter ended September 30, 2026 (Q2 FY27). The company achieved a profit after tax of ₹50.7 crore, marking a 17% year-on-year increase. Assets Under Management (AUM) grew by 23% year-on-year to ₹15,019 crore.
During the quarter, Ugro Capital disbursed over ₹1,000 crore in each month, a first for the company. The focused product segments, Emerging Market LAP and GROx, now constitute 53% of the total AUM, up from 32% nine months prior. Profit before tax rose 12% year-on-year to ₹68.3 crore, while profit after tax increased by 17% to ₹50.7 crore. Quarterly operating costs have been reduced by over a third compared to two quarters ago.
The merger of Profectus, approved by shareholders and creditors on September 23, 2026, is nearing completion, with the NCLT final hearing scheduled for November 20, 2026. This merger aims to align reported income with the actual behavior of loans. The company's pro forma net worth is approximately ₹2,454 crore, and its pro forma capital adequacy is around 22%.
Ugro Capital is focusing on its two core business engines: Emerging Market LAP, which provides small-ticket property loans, and GROx, an embedded finance platform for merchant loans. The company aims to achieve a Return on Assets (ROA) of 3.0-3.5% by FY29 and a Return on Equity (ROE) of roughly 12% to 14%. The company plans to fund its growth through FY29 without issuing new equity, leveraging its capital adequacy and retained earnings.
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See the model portfoliosA plain-language summary of a public exchange filing by Ugro Capital Limited. Read the original for the full detail.