Groww captures 43.6% of new industry SIPs as Q2 profit rises 54

Billionbrains Garage Ventures, which owns the broking platform Groww, posted a net profit of Rs 725 crore for the September quarter.
That is 54% higher than a year earlier, though slightly below the Rs 735 crore it made in the previous quarter.
Revenue rose 44% to Rs 1,541 crore. Derivatives income fell after a market rule change that hit all brokers.
Its transacting user base grew 27% to 2.4 crore, and its share of the mutual fund market rose to 14.8% from 13.1%.

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