Groww Parent’s Profit Jumps 54% To ₹725 Crore, Wealth AUM Crosses ₹10,000 Crore
New Delhi: Billionbrains Garage Ventures, the parent company of stockbroking platform Groww , reported a 54 per cent year-on-year increase in profit after tax to ₹725 crore for the September quarter of FY27. The company had recorded profit after tax of ₹471.34 crore in the corresponding quarter last year. Total income increased 44 per cent to ₹1,540.54 crore during July–September, compared with…
New Delhi: Billionbrains Garage Ventures, Groww's parent company, announced a 54% surge in profit after tax to ₹725 crore in the September quarter of FY27, up from ₹471.34 crore the previous year. Total income rose 44% to ₹1,540.54 crore, while profit accelerated faster than income growth. Various products and business segments saw contributions to the rise in profit.
Groww reported increased income from margin trading and commodity derivatives. The growth was attributed to multiple offerings rather than a single product category. However, equity derivatives made up a smaller portion of total income due to market adjustments following the Closing Auction System implementation. The company expects equity derivatives' contribution to recover after SEBI's consultation paper recommendations.
While profit grew significantly, the parent company's shares saw a 10% slump, hitting the lower circuit limit and ending a five-day rally. Assets under management in the wealth business exceeded ₹10,000 crore, with the asset management company reporting AUM of ₹7,179 crore.
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