Ugro Capital stock price jumps 8% on strong Q2 update; more details here | News on Markets
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Illustration: Binay Sinha
Share price of Ugro Capital soared up to 7.92 per cent at Rs 258 per share intraday on the BSE. This came after non banking financial company announced that the company has reached a total asset under management (AUM) of Rs 10,200 crore as of September 2024, growing from Rs 2,970 crore in March 2022.
The company said in its quarterly earnings update for the July-September quarter that it achieved a record quarterly net loan origination of over Rs 1,970 crore in Q2 FY25, up from Rs 1,146 crore in Q1 FY25. The Micro Enterprises Loan segment also hit a high of Rs 450 crore in Q2 FY25, compared to Rs 209 crore in Q1 FY25, reflecting the expansion of its…
