Noida, July 15 (APAC Media): Billionbrains Garage Ventures, the parent company of investment platform Groww, reported a 94.44% year-on-year (YoY) increase in consolidated net profit at Rs 735 crore for the first quarter of FY27, compared with Rs 378 crore in the same period last year.
The profit attributable to shareholders was driven by strong growth in operating revenue, which rose 66% YoY to Rs 1,501 crore during the quarter from Rs 904 crore in the corresponding period of the previous financial year.
Following the earnings announcement, shares of the company gained 5.8% to close at Rs 215 on the BSE.
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On a sequential basis, Groww’s revenue remained largely steady, while net profit increased 7% from Rs 686 crore in the previous quarter.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 971 crore in the June quarter, registering a 101% YoY jump from Rs 483 crore in the year-ago period.
Sequentially, EBITDA growth was modest at 3% compared with Rs 939 crore in the previous quarter, according to Groww’s investor presentation.
The company’s consolidated total income increased 63.3% YoY during the quarter, supported by continued adoption of newer products, including margin trading facilities (MTFs) and commodity derivatives.
“During the quarter, we strengthened our market leadership across key segments by focusing on customer retention, product quality, and expanding our product offerings,” Groww said in its investor presentation.
The company added 115,000 net clients during the quarter, despite an industry-wide slowdown, citing higher customer engagement and improved product experience as key growth drivers.
In the mutual fund segment, Groww retained its position as India’s largest platform for direct mutual fund distribution, with direct mutual fund assets under management (AUM) reaching Rs 1.9 lakh crore.
“SIP inflows on our platform grew 32% year-on-year, significantly ahead of the industry growth of 16%,” the company said.
Groww said it remains focused on expanding its product ecosystem while strengthening its position across investment categories through technology-led solutions and improved customer experience.
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Disclaimer: This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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