UGRO Capital’s net profit rises 23% in Q3; AUM grows 40%

UGRO Capital Limited, a DataTech NBFC focused on MSME lending, reported consolidated financial results for the quarter and nine months ended December 31, 2025, showing growth in assets and stable asset quality.

The company’s Assets Under Management (AUM) reached ₹15,454 crore as of December 31, 2025, up 40% compared to the same period last year. Net profit after tax (PAT) stood at ₹46.3 crore for Q3 FY26, a 23% increase year-on-year, and ₹123.7 crore for the nine-month period. Total income for the quarter was ₹506.4 crore, up 32% YoY.

UGRO reported net disbursements of ₹2,217 crore in Q3 FY26, up 6% YoY, and ₹5,605 crore in the nine-month period, up 7% YoY. The company maintained stable asset quality, with gross and net non-performing assets at 2.2% and 1.4% of total AUM, and a provision coverage ratio of 45%.

The company highlighted growth in its Emerging Market business, which now contributes around 21% of consolidated AUM, supported by over 300 branches and an AUM of ₹3,199 crore. UGRO’s Embedded Finance platform, MSL, reached an AUM of ₹1,798 crore within five quarters, serving over 1.85 lakh customers through partnerships with platforms such as PhonePe and BharatPe.

In December 2025, UGRO completed the acquisition of Profectus Capital, which is now a wholly-owned subsidiary. The company said it will focus on integrating the acquired platform while maintaining portfolio discipline.

UGRO Capital is listed on NSE and BSE and provides data-driven lending solutions for MSMEs across India, using AI/ML-based credit scoring and multiple distribution channels.

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