Groww Q1 Results: Net profit spikes 94% YoY to Rs 735 crore; revenue jumps 66%

Billionbrains Garage Ventures, the parent company of Groww, on Wednesday reported a consolidated net profit of Rs 735 crore in the first quarter of FY27, marking a 94.44% year-on-year (YoY) surge from Rs 378 crore in the same period last year. The net profit is attributable to the shareholders of the company.

Groww’s revenue from operations also witnessed a sharp uptick, rising 66% YoY to Rs 1,501 crore from Rs 904 crore in the corresponding quarter of the previous financial year.

Post earnings announcement, shares of the company surged 5.3% to Rs 215 on the BSE.


On a sequential basis, Groww's revenue remained. Net profit for the quarter grew by 7% to Rs 735 crore from Rs 686 crore last year.

EBITDA for the quarter under review came in at Rs 971 crore, surging 101% YoY from Rs 483 crore in the year-ago period. Sequentially, the increase was relatively modest, up 3% from Rs Rs 939 crore, Groww’s investor presentation showed.

The company's consolidated total income grew 63.3% YoY in the June quarter, driven by continued traction in newer products such as MTF and commodity derivatives.

The company said it strengthened its market leadership across key segments during the June quarter by adding 115,000 net clients, supported by higher customer retention and improved product quality despite an industry-wide slowdown.

In mutual funds, it retained its position as India's largest distribution platform for direct mutual funds, with Rs. 1.9 lakh crore in direct mutual fund assets under management (AUM). SIP inflows grew 32% year-on-year, outpacing the industry's 16% growth.

In the stock broking business, the company said that risk control measures led to its retail ADTO market share easing sequentially to 15.1%, although it remained 3.3 percentage points higher year-on-year. In commodity derivatives, it expanded its retail market share to 28.6% in notional ADTO across MCX and NSE.

On AI, it believes artificial intelligence will fundamentally transform the way it serves customers and sees itself as best-positioned to lead the adoption of AI in investing. It is currently using AI to resolve customer queries with zero wait time, address personalised research requests and accelerate product development. The company added that while it plans to make significant investments in AI, it does not expect these investments to have a material impact on its margins given its scale.