Ugro Capital Q4 FY26 PAT ₹51.1 Cr, Up 26%; FY26 PAT ₹174.8 Cr, Up 21%
Ugro Capital reported Q4 FY26 PAT of ₹51.1 Cr (up 26% YoY) and FY26 PAT of ₹174.8 Cr (up 21% YoY). Net Total Income grew 51% YoY in Q4 to ₹348 Cr. Consolidated AUM reached ₹15,334 Cr. All five strategic objectives announced in Feb 2026 are on track, with a shift towards high-yield verticals and cost savings.
The announcement details strong financial performance, including substantial PAT and income growth, alongside AUM expansion. The confirmation that strategic objectives are on track and the company's focus on high-yield verticals suggests a positive trajectory and a material impact on future performance.
The company has reported a significant year-on-year increase in PAT and Net Total Income for both the quarter and the full fiscal year. Key business verticals are showing strong growth, and strategic objectives are reportedly on track, indicating positive business performance and outlook.
Ugro Capital Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹51.1 crore for Q4'FY26, marking a 26% increase from ₹40.5 crore in Q4'FY25. Net Total Income for the quarter grew by 51% year-on-year to ₹348 crore, attributed to a strategic shift towards higher-yield assets.
For the full fiscal year FY26, Ugro Capital posted a PAT of ₹174.8 crore, an increase of 21% compared to the previous year. Full-year Net Total Income stood at ₹1,067 crore, up 31% year-on-year. The Emerging Market LAP vertical achieved an Assets Under Management (AUM) of ₹3,581 crore by the end of FY26, with a 12% quarter-on-quarter growth. The Embedded Finance platform's AUM crossed ₹2,280 crore, showing a 27% QoQ increase and serving approximately 2.5 lakh active merchant customers. The consolidated AUM reached ₹15,334 crore as of March 31, 2026.
The company is on track with its five structural objectives announced on February 7, 2026, which aim to reorient the business towards its high-yield focus verticals (Emerging Market LAP and Embedded Finance), run down the Prime Intermediated portfolio, achieve annualised cost savings of ₹200-220 crore, sustain capital adequacy without incremental equity, and transition to an annuity-led Return on Assets (ROA) of 3.0-3.5% by FY29. The focused vertical mix has increased to 38% of AUM, the fastest quarterly shift recorded. Disbursements for the Prime Intermediated portfolio ceased from February 7, 2026.
Key financial and asset quality metrics as of March 31, 2026, include a Gross Non-Performing Asset (GNPA) ratio of 2.50%, Net Non-Performing Asset (NNPA) ratio of 1.60%, a Capital to Risk-Weighted Assets Ratio (CRAR) of 21.20%, and a Net Worth of ₹2,906 crore. The portfolio yield stood at 17.50% with a Cost of Borrowings at 10.16%. The company reported a ROA of 2.10% for FY26.
Shachindra Nath, Founder & Managing Director, expressed confidence in serving the MSME sector, highlighting that all five February commitments are on track for delivery. The company is leveraging its existing footprint and branch network, with mature branches achieving ₹0.68 crore per month in disbursements.
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