Groww shares gain 8% on strong Q1 earnings, net profit jumps 94% to Rs 735 crore
Shares of Billionbrains Garage Ventures, the parent company of Groww, rose nearly 8% to ₹219 after reporting a consolidated net profit of ₹735 crore for Q1 FY27, a 94.4% increase from ₹378 crore a year earlier. The company also reported a 63.3% year-on-year growth in total income, driven by new products and a strong performance in mutual funds, where it retained its position as India's largest distribution platform. Despite a modest sequential EBITDA increase of 3%, Groww added 115,000 net clients, indicating strong market leadership amid an industry slowdown.