Ugro Capital511742Quarterly results

Board approves Q2 results, appoints Company Secretary; Head-Internal Audit resigns

Board approved unaudited Q2/H1 results (quarter and half year ended 30 September 2026).

By ScoutQuest · Thu 5 Nov 2026, 8:50 PM IST · 3 min read

Q2 Revenue from Operations: Rs. 46,147.03 lakh
Q2 Profit for the Quarter: Rs. 3,736.98 lakh
Basic EPS (Quarter): Rs. 2.45

What the board approved

Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, recommended by the Audit Committee, along with the limited review report of statutory auditors G. P. Kapadia & Co. The review conclusion is unmodified.
Appointment of Mr. Chandrakant Bhagwat (Membership no. A29955) as Company Secretary and Compliance Officer with effect from 1 December 2026, on the recommendation of the Nomination and Remuneration Committee. He is also authorised to make disclosures on determination of materiality of events.
The board took note of the resignation of Ms. Kavita Shedge as Head-Internal Audit, effective from the close of business hours on 6 November 2026. The management has identified a suitable candidate for the position; that appointment is subject to approval of the Board.

How the numbers look

For the quarter ended 30 September 2026, revenue from operations was Rs. 46,147.03 lakh and total income Rs. 49,550.84 lakh. Profit before tax was Rs. 4,993.82 lakh and profit for the quarter Rs. 3,736.98 lakh. For the half year, revenue from operations was Rs. 87,887.68 lakh, total income Rs. 94,940.32 lakh, profit before tax Rs. 9,859.87 lakh and profit for the period Rs. 9,808.44 lakh. Basic earnings per share was Rs. 2.45 for the quarter and Rs. 6.42 for the half year.

Balance sheet

Total assets stood at Rs. 13,21,180.90 lakh as at 30 September 2026, against Rs. 12,34,609.75 lakh as at 31 March 2026. Loans were Rs. 9,36,119.30 lakh. Total liabilities were Rs. 10,26,518.80 lakh and total equity Rs. 2,94,662.10 lakh.

Loan portfolio activity in the half year

Loans transferred through assignment, not in default: aggregate principal outstanding Rs. 53,658.61 lakh, aggregate consideration Rs. 48,292.75 lakh, weighted average maturity 9.03 years.
Loans acquired, not in default: aggregate principal outstanding Rs. 1,872.12 lakh, aggregate consideration paid Rs. 1,684.91 lakh.
Stressed loans transferred to an ARC: 1,036 accounts, aggregate principal outstanding Rs. 20,094.94 lakh, net book value Rs. 16,282.23 lakh, aggregate consideration Rs. 18,083.91 lakh, and excess provisions reversed to the statement of profit and loss of Rs. 1,801.67 lakh.
Separately, 194 loan accounts were transferred for an aggregate consideration of Rs. 878.09 lakh; these accounts were technically written off in the books before the sale.

Co-lending

As originating entity: 4 active co-lending partners, 51,260 loan accounts, disbursements of Rs. 95,881.02 lakh at a weighted average interest rate of 28.91%; the portfolio is almost entirely standard loans.
As partner entity: 2 active co-lending partners, 132 loan accounts, disbursements of Rs. 659.74 lakh at a weighted average interest rate of 19.41%.

Also noted

All secured non-convertible debentures issued by the company are secured by an exclusive charge as per the transaction documents, with a minimum 100% asset cover; the asset cover available for listed secured debt securities was 1.22 as at 30 September 2026.

What this means for a retail reader

This is a routine board-outcome update that bundles the quarterly numbers with two management changes. The numbers show the lender's scale and profitability for the quarter and half year, while the two personnel changes tell you who signs off on compliance and who runs internal audit. The resignation is of a senior internal audit role, and the company states it has already identified a replacement candidate awaiting Board approval.

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