Groww Parent Posts 54% Profit Growth in Fiscal Second Quarter
Billionbrains Garage Ventures reported higher revenue and profit, while adding users and expanding assets across newer businesses.
Key takeaways
- Net profit rose 54% year over year to Rs 725.60 crore.
- Revenue from operations increased 47% to Rs 1,501 crore.
Billionbrains Garage Ventures, Groww’s parent, reported net profit of Rs 725.60 crore for the second quarter of FY27, up 54% from a year earlier. Revenue from operations climbed 47% to Rs 1,501 crore.
Compared with the first quarter, EBITDA increased 1% to Rs 968 crore, while the margin rose to 64.5% from 63.9%. Net profit dipped 1% sequentially.
Groww added 11 lakh new transacting users during the quarter. About 42 lakh users applied for equity IPOs through the platform, which accounted for 22% of total allotments.
As of 07:50 UTC on Wednesday, Groww shares traded at Rs 195.91 on the NSE, up 1.08% since the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
