Groww’s consolidated net profit rose 54% YoY to ₹724.7 Cr in Q2 FY27, while operating revenue climbed 47% to ₹1,501.5 Cr
Revenue growth outpaced the increase in expenses from a year earlier, lifting profitability, although revenue remained flat and profit slipped sequentially.
Including other income of ₹39 Cr, Groww’s total income stood at ₹1,540.5 Cr, compared with ₹1,070.8 Cr a year earlier.
Investment tech company Groww’s consolidated net profit jumped 54% to ₹724.7 Cr in the second quarter of FY27 from ₹471.3 Cr in the year-ago quarter.
However, profit declined 1.4% from ₹735 Cr in the June quarter.
Operating revenue rose 47.4% to ₹1,501.5 Cr during the September quarter from ₹1,018.7 Cr in Q2 FY26. Sequentially, it remained almost unchanged from ₹1,501.4 Cr.
The flat sequential revenue came as growth in margin trading and commodity derivatives offset weakness in equity derivatives. Groww said its equity derivatives revenue declined 14.3% QoQ, attributing most of the fall to market adjustments following the introduction of the closing auction system (CAS).
Including other income of ₹39 Cr, total income stood at ₹1,540.5 Cr, compared with ₹1,070.8 Cr a year earlier and ₹1,548.7 Cr in the preceding quarter.
Consolidated EBITDA increased 60% to ₹969 Cr from ₹604 Cr a year earlier but slipped from ₹971 Cr in Q1 FY27.
The sequential decline in profit came as other income fell from ₹47.3 Cr in Q1 FY27, while total expenses remained broadly flat and the tax bill edged higher.
Groww’s total expenses increased 28.5% to ₹555.9 Cr in Q2 FY27 from ₹432.6 Cr a year earlier, trailing the growth in operating revenue.
(The story will be updated soon)
Source: Inc42
