Net profit of Ugro Capital rose 15.31% to Rs 37.51 crore in the quarter ended December 2024 as against Rs 32.53 crore during the previous quarter ended December 2023. Sales rose 38.63% to Rs 371.12 crore in the quarter ended December 2024 as against Rs 267.71 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales371.12267.71 39 OPM %58.9959.99 - PBDT65.4655.49 18 PBT52.9746.38 14 NP37.5132.53 15 Powered by Capital Market - Live News

The Board of Ugro Capital will meet on 23 January 2025 to consider and approve raising of funds by way of issuance of Non-Convertible Debentures through private placement basis.Powered by Capital Market - Live News

Ugro Capital has approved the issuance of up to 1,00,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 10,000/- aggregating upto Rs 100 crore (overall issue size) with an option to retain oversubscription upto Rs 50 crore (green shoe option), on a private placement basis. Powered by Capital Market - Live News

UGRO Capital will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live News

Ugro Capital has achieved a groundbreaking milestone by receiving a patent for its proprietary credit scoring model, GRO Score. Officially titled `Method and System for Modelling Credit Scorecards,` this patent underscores Ugro Capital`s pivotal role in reimagining credit evaluation for a highly diverse and underserved borrower base. MSMEs contribute nearly one-third of India`s GDP yet face significant credit access challenges due to traditional lenders` dependency on collateral and income-based assessments. Ugro Capital addresses this issue with GRO Score, a cutting-edge credit evaluation model leveraging alternate data, such as repayment histories, banking transactions, and GST records, to provide a comprehensive assessment of borrowers without formal income documentation.Now in its third iteration, GRO Score 3.0 integrates advanced statistical algorithms to evaluate creditworthiness with unmatched precision. To date, the model has assessed over 1.7 lakh loan applications, analyzing over 5.6 lakh bureau records, 2.3 lakh bank statements, and 80,000 GST reports, unlocking vital capital for MSMEs across India.Powered by Capital Market - Live News