UGROQ Capital
UGRO Q2FY23: PAT at Rs 5.3 cr, AUM Rs 4,375 cr
Mumbai: NBFC U GRO Capital Ltd reported a PAT of Rs 12.5 crore in Q2FY23, up 71 percent compared to Rs 7.3 crore in the previous quarter.
However, the company said its PAT after writing back deferred tax of Rs 7.2 crore stood at Rs 5.3 crore in the period under review.
U GRO Capital said its H1FY23 PAT before writing back deferred tax stood at Rs 19.8 crore while it was Rs 12.6 crore post that.
The company's Assent Under Management (AUM) in the second quarter of FY23 was Rs 4,375 crore, growing 20 percent sequentially from Rs 3,656 crore. AUM in the first half of the current financial year grew 126 percent to Rs 4,375 crore from Rs 1,933 crore in H1FY22.
A total of Rs 3,011 crore of Gross Loans originated in H1FY23 (up 168 percent compared to H1FY22) and Rs 1,653 crore of Gross Loans originated in Q2FY23 (up 110 percent YoY and 22 percent QoQ).
Total Income stood at Rs 158 crore for Q2FY23 (up 151 YoY and 27 percent QoQ) and Rs 281.2 crore for H1FY23 (up 146 percent compared to H1FY22).
Net Total Income stood at Rs 87.5 crore for Q2FY23 (up 144 percent YoY and 23.8 percent QoQ) and Rs 158.2 crore for H1FY23 (up 144 percent compared H1FY22).
Profit Before Tax (PBT) increased to rs 17.6 crore in Q2FY23 (up 274 percent YoY and 69 percent QoQ) and Rs 27.9 crore in H1FY23 (up 293 percent compared to H1FY22).
GNPA / NNPA as on Sep 2022 stood at 1.7 percent /1.2 percent (as a percent of Total AUM).
The company said it has over 32,000 customers as on September 2022 98 branches (as on Sep 2022).
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