Ugro Capital511742Quarterly results

New Company Secretary from 1 December 2026; board also approves Q2 and H1 FY27 results

Board meeting outcome, 5 Nov 2026.

By ScoutQuest · Thu 5 Nov 2026, 8:53 PM IST · 3 min read

Q2 standalone total income: Rs. 49,550.84 lakh
Q2 standalone profit: Rs. 3,736.98 lakh
Basic EPS (Q2 standalone): Rs. 2.45

The headline item: a new Company Secretary

The board approved the appointment of Mr. Chandrakant Bhagwat (Membership no. A29955) as the Company Secretary and Compliance Officer with effect from 1st December 2026, on the recommendation of the Nomination and Remuneration Committee. He is also authorised to make the disclosures on determination of materiality of an event or information.

An internal audit change to track

The board took note of the resignation of Ms. Kavita Shedge as the Head-Internal Audit with effect from the close of business hours on 6th November 2026. The management has identified a suitable candidate for the position; that appointment is subject to the approval of the board.

The results approved at the same meeting

The board considered and approved the unaudited financial results (consolidated and standalone) for the quarter and half year ended 30th September 2026, as recommended by the Audit Committee, and took on record the Limited Review Report of M/s G.P. Kapadia & Co., Chartered Accountants. On the standalone results, the auditors stated that nothing had come to their attention that causes them to believe the statement contains any material misstatement, or that it has not been prepared in accordance with the applicable norms — that is, an unmodified review conclusion.

Standalone quarterly numbers (Rs. in lakh, quarter ended 30 September 2026)

Total income: 49,550.84
Revenue from operations: 46,147.03
Total expenses: 44,557.02
Finance costs: 26,478.02
Profit before tax: 4,993.82
Total tax expense: 1,256.84
Profit for the period: 3,736.98
Basic EPS 2.45 rupees per share, diluted 2.44

Standalone half year (Rs. in lakh)

Total income: 94,949.32
Profit for the period: 9,808.44
Basic EPS: 6.42

Balance sheet as at 30 September 2026 (Rs. in lakh)

Total assets: 13,21,180.90, against 12,34,609.75 as at 31 March 2026
Loans: 9,36,119.30
Debt securities: 3,34,103.24
Borrowings other than debt securities: 6,25,586.88
Cash and cash equivalents: 93,799.91
Total equity: 2,94,662.10

Portfolio activity during the half year (Rs. in lakh)

Loans not in default of aggregate principal 53,658.61 transferred through assignment to banks and NBFCs, with 10.00% retention of beneficial economic interest.
Stressed loans transferred to an ARC: 1,036 accounts, aggregate principal 20,094.94, net book value 16,282.23, aggregate consideration 18,083.91; excess provisions of 1,801.67 reversed to the statement of profit and loss.
Co-lending as the originating entity: 4 active partners, 51,260 loan accounts, 95,881.02 arranged during the half year, weighted average interest rate 28.91%.
Co-lending as a partner entity: 2 active partners, 132 loan accounts, 659.74 arranged, weighted average interest rate 19.41%.
All secured non-convertible debentures are secured by an exclusive charge, with asset cover of 1.22 available for listed secured debt securities as at 30 September 2026.

How a retail reader can use this

Two different kinds of information sit in one announcement: who handles the compliance and internal audit roles going forward, and how the lending business performed in the September quarter.
The earnings show a profitable quarter on a standalone basis, while the balance sheet shows the loan book of 9,36,119.30 and the borrowings that fund it — the core equation to judge for a lender.
The half-year tables on loan assignment, ARC sales and co-lending describe how the company funds and offloads loans, which helps you read growth and credit quality rather than just the profit line.

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