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Ugro Capital Ltd Q1FY23; Profits witness a remarkable 330% growth

Revenue for Q1 FY23 has increased by 141% YoY to ₹ 12,380 lakhs. Profits has grown by 330% YoY to ₹ 734 lakhs. Interest Income Segment Revenue rose to ₹ 9,309.8 lakhs for Q1 FY 2023. Total Expenses rose by 132% YoY to ₹ 11,342 lakhs in Q1FY23.

Total branches have reached an impressive count of 96. In this quarter’s investor presentation, showed that the CRAR of 28% was a testament to the company’s credit solvency. Along with that, the cost of borrowing was 10.5% for Q1FY23.

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