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U GRO Capital’s loan book grows by over 50% in FY21; cumulative disbursement crosses ₹ 2500 crores

Mr. Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital

U GRO Capital, a BSE-listed, sector-focused small business lending fintech platform, announced its financial results for Q4 FY21 and full-year FY2021 ended March 31, 2021. Despite the adverse economic and business conditions brought about by COVID-19, U GRO Capital has performed strongly in each quarter of FY21.

The company posted an annual profit after tax of ₹ 28.7 Cr compared to ₹ 19.5 Cr in FY20. The total AUM of the company for FY2021 grew by 53% to ₹ 1,317 Cr as on March 2021 compared to ₹ 861 Cr in March 2020.

The key highlights for Q4 FY21:

Loan Portfolio:

Liability and Liquidity Position:

Financial Performance:

Operational Parameters:

Technological Innovation:

The Company is, at this juncture, focused on achieving robust growth while protecting its balance sheet and maintaining its strong liquidity position. Given its healthy capital adequacy, low gross NPA and net NPA, diversified portfolio mix, granular geographical distribution and strong risk metrics, the Company is confident in achieving its growth goals while maintaining its conservative approach.

Commenting on the results, Mr. Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital stated, “FY2021 has been a challenging yet an exciting year for us. During the year, we registered a 53% growth in our loan book. The year also saw a launch of our key products – Sanjeevani & Saathi. We have also made an operational and strategic pivot by introducing our direct distribution product line to serve micro-enterprises. We also saw significant traction in its liability book with addition of 22 new lenders during the year. We continue to embrace technology and invest in analytics to achieve superior underwriting. These developments favourably positions U GRO to achieve its 5-year target of capturing 1% of the MSME lending market. Propagating financial inclusion is our primary goal, and I am delighted with the impact that we are making by serving the nation’s microenterprises.”

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