Shares of Billionbrains Garage Ventures, the parent company of Groww, gained 2.3% to Rs 221 on the BSE on Thursday after its 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. With today’s gain, the stock is up 9% in two sessions.
Groww’s revenue from operations also witnessed a sharp uptick, rising 66% to Rs 1,504 crore from Rs 904 crore in the corresponding quarter of the previous financial year. 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.
