Ugro Capital Ltd

Q4 FY25Finance

Ugro Capital Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹89

Market cap₹1.4K Cr

P/E10.4

Updated23 Aug 2026

Read5 min read

The short version

UGRO Capital is targeting robust growth in its Emerging Market portfolio, aiming to increase its contribution from 22% to 32%-35% of total AUM in the next 6-8 quarters. UGRO Capital targets achieving an AUM of INR 20,000 Crore with a 4% Return on Assets (ROA) within the next 1 to 1.5 years.

From Ugro Capital Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

UGRO Capital is targeting robust growth in its Emerging Market portfolio, aiming to increase its contribution from 22% to 32%-35% of total AUM in the next 6-8 quarters. (Page 4)
Disbursement growth guidance includes a 20% increase in Prime Intermediate Secured business and a 30% reduction in Business Loan segments, aligning with portfolio mix strategy. (Page 8)
Expected branch expansion from 230 to 400 locations by March 2026 to support growth, with average productivity per branch targeted at around INR 1.1 Crore per month. (Page 6)
Total Asset Under Management (AUM) growth guided towards INR 20,000 Crore with corresponding improvements in Return on Assets (ROA) to 4%. (Page 7)

2 more points management made on revenue & sales performance

Profitability & Margins

UGRO Capital targets achieving an AUM of INR 20,000 Crore with a 4% Return on Assets (ROA) within the next 1 to 1.5 years.
They plan to increase portfolio yields by 75-100 basis points and reduce OPEX-to-AUM ratio by about 50 basis points to improve profitability.
Cost of borrowing is expected to decrease by approximately 50 basis points due to favorable macro trends and potential rating upgrades.
Credit cost is projected to increase slightly by about 50 basis points but remain stable around 1-2%, supporting healthy asset quality.
The Emerging Markets segment contribution is set to grow from 22% to 32%-35% of AUM in the next 6-8 quarters, driving overall yield improvement.

2 more points management made on profitability & margins

See what Ugro Capital Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

UGRO Capital is aggressively expanding its Emerging Market branch footprint, adding 85 branches in FY25 and targeting 400 branches by March 2026.
The company continues to invest in its Embedded Financing Platform, MyShubhLife, which has crossed an AUM of INR 743 Crores as of March 2025.
Planned branch expansion is expected to drive growth and improve portfolio yields, contributing to higher ROA in the medium term.

- UGRO maintains a standing resolution to raise capital through Qualified Institutional Placement (QIP) as and when required to support growth and capital adequacy but no immediate QIP is planned. - The company is continuously investing in technology-driven underwriting, data analytics, and multi-channel distribution to enhance operational excellence and risk management. No specific mention of other large-scale capex or strategic investments beyond branch expansion and technology platform enhancements was noted.

2 more points management made on capital expenditure plans

Top-ranked in Finance

Ranked on what management guided this quarter

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4₹358 Cr

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5₹1.5L Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

UGRO has a standing resolution for Qualified Institutional Placement (QIP), renewed annually to enable raising capital whenever market opportunity arises.
There is no current indication or plan to immediately raise funds through QIP; raising capital depends on capital adequacy and growth needs.
Existing warrants worth around INR 1,010 Crore, expiring December 2025, were subscribed by investors partially at premium prices; the company is in continuous dialogue with them.
The company is hopeful that these warrant holders will convert their warrants, supporting future capital needs.

2 more points management made on fundraising & capital structure

See what Ugro Capital Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention current or expected order book or pending orders for UGRO Capital Limited. However, related insights can be summarized as: - UGRO achieved disbursements of INR 7,651 Crores for FY25, with Q4 disbursement at INR 2,436 Crores (57% YoY growth). - Emerging Market channel disbursements surged to INR 669 Crores in Q4, marking 230% YoY growth. - Added 85 Emerging Market branches in FY25; target is to expand to 400 branches by March 2026. - Average productivity per branch expected at INR 1.1 Crores with about 325 branches average in FY26.

2 more points management made on order book & pipeline

What Ugro Capital's management said in earlier quarters

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Frequently Asked Questions

What were Ugro Capital Ltd Q4 FY25 results?

What is Ugro Capital Ltd share price analysis?

Ugro Capital Ltd currently shows a neutral. The stock trades at a P/E of 10.4 with a market cap of ₹1,449 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ugro Capital Ltd planning capital expenditure?

UGRO Capital is aggressively expanding its Emerging Market branch footprint, adding 85 branches in FY25 and targeting 400 branches by March 2026.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.