UGRO Capital’s PAT up by 23% in Q3

The PAT of UGRO Capital, a DataTech NBFC focused on MSME lending, for the first three months of the fiscal ending December 31, 2025 on y-o-y basis, was up by 23 per cent.

The quarter reflected continued scale-up in UGRO’s high-yielding, diversified MSME lending engine anchored by Emerging Market and Embedded Finance along with stable portfolio metrics and disciplined liability management. Continuing its journey toward becoming the largest small business financing institution driven by data and technology, the Company reported Assets Under Management (AUM) of INR 15,454 crore as of December 31, 2025, reflecting a 40% YoY growth.

UGRO completed the acquisition of Profectus Capital in December 2025, and Profectus is now a 100% subsidiary of UGRO. The Company continues to remain focused on integrating the platform while maintaining portfolio discipline.

The Emerging Market (EM) Business continued to deepen its presence, with EM AUM at INR 3,199 crore and contributing ~21% of consolidated AUM, supported by 300+ branches. UGRO is now focused on maximizing productivity of EM branches and its portfolio quality.

UGRO’s Embedded Finance engine via the MSL platform continues to demonstrate strong traction, with over 1.85 Lakh customers served and AUM reaching INR 1,798 crore within 5 quarters, supported by strong contributions from partners such as PhonePe and BharatPe and granular customer expansion.

UGRO delivered PAT of INR 46.3 crore in Q3’FY26 and INR 123.7 crore in 9M’FY26, reflecting continued operating performance while prioritising credit quality and stable collections. Net Total Income stood at INR 259.7 crore in Q3’FY26. Asset quality remained stable with GNPA of 2.2% and NNPA of 1.4%, supported by prudent provisioning (PCR 45%) and a robust collections architecture.