UGRO Capital Reports FY26 Profit Growth And Strategic Pivot

22 Apr 2026 CW Team

UGRO Capital posted a fourth quarter profit after tax of Rs 511 mn, a 26 per cent increase from Rs 405 mn a year earlier, and net total income rose 51 per cent to Rs 3.48 bn. For FY26 profit after tax was Rs 1.75 bn, up 21 per cent, and full-year net total income was Rs 10.67 bn. Consolidated assets under management (AUM) were Rs 153.34 bn at 31 March 2026.

The Emerging Market loan against property AUM reached Rs 35.81 bn, up 12 per cent quarter on quarter, as vintaged branches older than 12 months reached Rs 6.8 mn per month in disbursements against a target of Rs 8.0–8.5 mn. The embedded finance platform crossed Rs 22.80 bn AUM, up 27 per cent quarter on quarter, serving about 250,000 merchant customers.

In February the company set five structural objectives to focus on its two high-yield verticals and to deliver cost and capital targets, and after one quarter it reported that all five objectives are on track. Plans include shifting the portfolio to reach 85 per cent of AUM in the two focus verticals by FY29, running down Prime Intermediated exposures, delivering Rs 2.00–2.20 bn in annualised cost savings, and avoiding incremental equity through FY29. The company also aims to move to an annuity-led return on assets of three point zero to three point five per cent by FY29.

Asset quality and capital metrics remained stable. Gross non-performing assets were two point five per cent and net non-performing assets were one point six per cent, with provision coverage at about 45 per cent and collection efficiency of 98 per cent. Capital adequacy was 21.20 per cent with net worth of Rs 29.06 bn and leverage of three point seven times. Reported return on assets was two point one per cent and return on equity was seven point one per cent, which management said confirms the intended trajectory and the ability of mature branches to add annuity earnings.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..