UGRO Capital moves higher on reporting 73% growth in overall AUM in Q2FY24
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UGRO Capital is currently trading at Rs. 286.20, up by 13.75 points or 5.05% from its previous closing of Rs. 272.45 on the BSE.
The scrip opened at Rs. 294.30 and has touched a high and low of Rs. 294.30 and Rs. 284.45 respectively. So far 16206 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.85 on 22-Aug-2023 and a 52 week low of Rs. 136.00 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 294.30 and Rs. 268.05 respectively. The current market cap of the company is Rs. 2652.39 crore.
The promoters holding in the company stood at 2.19%, while Institutions and Non-Institutions held 27.45% and 70.36% respectively.
UGRO Capital’s overall Assets Under Management (AUM) as on Q2FY24 stood at Rs 7590 crore as compared to Rs 4375 crore in Q2FY23, i.e. up by 73%. In Q1FY24, AUM stood at Rs 6777 crore. Its collection efficiency has improved from 96.8% in Q1FY24 to 97.6% in Q2FY24 (+80bps).
The company has reported 52% rise in Quarterly Gross loan origination to Rs 2500 crore in Q2FY24 as against Rs 1653 crore in Q2FY23, while its Net loan origination for Q2FY24 was around Rs 1,470 crore.
UGRO Capital is engaged in providing financial services.
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