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Ugro Capital Ltd Q2FY24; 480% rise in Profits

U GRO Capital limited is a technology-focused (data-centric & technology-enabled approach), small business lending platform. The company is focused on addressing the capital needs of small businesses operating in select eight sectors by providing customized loan solutions.

Financial Results:

Ugro Capital Ltd reported Revenues for Q2FY24 of ₹245.00 Crores up from ₹149.00 Crore year on year, a rise of 64.43%.

Total Expenses for Q2FY24 of ₹213.00 Crores up from ₹138.00 Crores year on year, a rise of 54.35%.

Consolidated Net Profit of ₹29.00 Crores up 480.0% from ₹5.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.12, up 316.00% from ₹0.75 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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