Groww Parent Company Net Profit Surges 94% in Q1 FY27

Billionbrains Garage Ventures, the parent company of stockbroker Groww, reported a consolidated net profit of Rs 735 crore for the first quarter of FY27, marking a 94% increase year-on-year. Revenue from operations rose 66% to Rs 1,501 crore, supported by the growth of Margin Trading Facility businesses and commodity derivatives.

Groww expanded its user base by adding 115,000 net NSE active clients during the quarter, bucking a broader industry trend that saw a decline of approximately 260,000 clients. The company's Asset Management Company recorded assets under management growing by 140% over the previous year, reaching Rs 1.9 lakh crore in direct mutual fund AUM.

To enhance product development and customer query resolution, the firm is increasing its investments in artificial intelligence. Management stated that these costs are not expected to materially impact margins. Following the financial announcement on July 15, Groww shares rose between 4% and 6%.