Ugro Capital Limited reported a 78% year-on-year increase in standalone net profit after tax (PAT) to ₹60.71 lakh for the quarter ended June 30, 2026 (Q1FY26), primarily driven by a deferred tax benefit arising from its adoption of the concessional tax regime. The non-deposit taking non-banking financial company (NBFC-ND) also posted a consolidated net profit of ₹67.87 lakh, marking a 33% rise from the previous quarter’s ₹51.11 lakh, underscoring improved operational efficiency despite fluctuating finance costs.

The Board of Directors approved the unaudited financial results on August 04, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by M/s G.P. Kapadia & Co., the statutory auditors, who issued an unmodified review conclusion pursuant to Regulation 33 and 52. Additionally, the Board appointed Beacon Investor Holdings Private Limited as the new Registrar and Share Transfer Agent (RTA), replacing MUFG Intime India Private Limited, to enhance investor services.

Financial Performance Overview

Standalone total income stood at ₹45.40 lakh, marginally up from ₹42.18 lakh in Q1FY25. Interest income decreased slightly to ₹28.03 lakh from ₹30.42 lakh, but this was offset by a significant rise in fees and commission income to ₹3.20 lakh from ₹1.80 lakh. Consolidated total income reached ₹53.46 lakh, compared to ₹63.17 lakh in the preceding quarter, primarily due to lower gains on derecognition of financial instruments.

Key Operational Developments

The company opted for the concessional tax regime under Section 200 of the Income-tax Act, 2025, reducing its applicable corporate tax rate from 29.12% to 25.17%. This change resulted in a deferred tax benefit of ₹12.05 lakh in the standalone results, significantly boosting the bottom line. In terms of asset quality, the standalone gross Stage 3 loans exposure stood at 2.75%, down from 3.66% in the previous quarter, indicating improved credit health.

Ugro Capital continued its co-lending activities, originating ₹41.47 lakh in co-lending arrangements during the quarter, primarily in the MSME sector. The weighted average interest rate for these portfolios was 30.26%. The company also transferred stressed loans worth ₹13.08 lakh to Asset Reconstruction Companies (ARCs), realizing a consideration of ₹11.77 lakh and reversing excess provisions of ₹2.06 lakh.

Strategic Consolidation Progress

The amalgamation of Profectus Capital Private Limited (PCPL), acquired in December 2025, is nearing completion. The National Company Law Tribunal (NCLT), Mumbai Bench, heard the application for the Scheme of Amalgamation on July 24, 2026, with the matter reserved for pronouncement. Regulatory no-objection certificates were received from the RBI, BSE, and NSE earlier in July 2026. Subsidiaries Datasigns Technologies Private Limited and Ekagrata Finance Private Limited have been renamed to Grox Technologies Private Limited and Grox Advisors Private Limited, respectively.

What the Numbers Show

The divergence between standalone and consolidated profit growth highlights the impact of the new tax regime on the parent entity. While consolidated revenue declined quarter-on-quarter due to one-off derecognition gains in Q4FY25, the standalone segment benefited from a ₹12.05 lakh deferred tax credit, which was absent in the prior year’s comparable period. This suggests that future profitability may be more sensitive to operational efficiency rather than tax adjustments once the rate stabilizes.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE583D01011/2b0fe567014946ad.pdf

Ugro Capital Limited has released the audio recording of its earnings conference call, providing investors with a detailed discussion of the company’s unaudited financial results for the quarter ended June 30, 2026. The recording covers both standalone and consolidated performance metrics and is now available for public access on the company’s official website. This disclosure ensures transparency regarding Ugro Capital's Q1FY26 performance, allowing stakeholders to review management commentary alongside the reported numbers.

The conference call took place on August 5, 2026, shortly after the announcement of the quarterly results. In compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ugro Capital submitted the link to the audio recording to both the Bombay Stock Exchange and the National Stock Exchange of India. This regulatory filing serves as a formal record of the investor communication process.

Accessing the Earnings Call

Investors and analysts can access the full audio recording through the company’s investor relations portal. The link is categorized under 'Investor Downloads' and specifically under the 'Earnings Call Recordings' subcategory. This centralized repository allows users to review historical earnings calls and current quarter discussions efficiently.

Regulatory Compliance and Disclosure

The submission was signed by Satish Kumar Chelladurai, the Company Secretary and Compliance Officer of Ugro Capital Limited. The digital signature confirms the authenticity of the document dated August 5, 2026. By making the recording publicly available, the company adheres to standard market practices for post-result investor engagement.

The availability of this recording is particularly relevant for investors seeking context behind the financial figures reported for Q1FY26. While the filing itself does not contain the numerical results, it directs users to the primary source of management interpretation and operational updates provided during the live session. Investors are advised to cross-reference the audio commentary with the official financial statements filed separately with the exchanges.