Billionbrains Garage Ventures Ltd

Billionbrains Garage Ventures Ltd, formerly known as Billionbrains Garage Ventures Private Limited, announced an upgrade to its Issuer Rating by M/s. ICRA Limited, moving from [ICRA] AA- (Stable) to [ICRA] AA (Stable), as detailed in a letter enclosed with the notification. This enhancement pertains to the Issuer Rating, and the company is making this information available on its website at www.groww.in. No assignments, withdrawals, or other rating actions were indicated regarding any other instruments, including any other Issuer Ratings, by M/s. ICRA Limited.

On a consolidated basis, net profit increased 7.1% QoQ and 94.28% YoY to Rs 735 crore in Q1 FY27. Revenue from operations declined 0.26% QoQ but rose 66.01% YoY to Rs 1,501 crore. EBITDA grew 2.9% QoQ and 100.17% YoY to Rs 999 crore, while EBITDA margin improved to 67.8% from 66.08% in Q4 FY26 and 55.19% in Q1 FY26. Profit before tax increased 6.0% QoQ and 97.2% YoY to Rs 992 crore. The company's operating performance was supported by continued growth in its customer base. Total transacting users increased 4% QoQ and 24% YoY to 2.24 crore, while total customer assets climbed 22% QoQ and 38% YoY to Rs 3.6 lakh crore. Quarterly net inflows stood at Rs 23,000 crore. Groww said it added 115,000 net NSE active clients during the quarter despite an industry-wide decline in active clients. The company also witnessed higher revenue contribution from its margin trading facility (MTF) and commodity derivatives businesses. Mutual fund assets held on the platform increased 37.1% YoY to Rs 1,91,330 crore, while stock assets grew 36.6% to Rs 1,55,713 crore. Its stocks ADTO increased 48.0% YoY. The company's margin trading facility (MTF) book almost tripled to Rs 3,775 crore from Rs 1,036 crore a year earlier. Its commodity derivatives platform expanded to 4.35 lakh active users, while the platform retained its leadership in direct mutual fund distribution with assets under management of Rs 1.91 lakh crore. Its SIP Inflows grew 32% YoY, double the industry's 16%. The company said it continues to invest in AI capabilities across customer service, research and product development while expanding its wealth management, lending and asset management businesses. It expects these initiatives, along with continued product innovation, to strengthen its long-term growth trajectory. Billionbrains Garage Ventures operates the Groww investment platform, offering stock broking, mutual funds, exchange-traded funds (ETFs), derivatives, fixed deposits, lending and wealth management services to retail investors. Powered by Capital Market - Live

Net profit of Billionbrains Garage Ventures rose 94.26% to Rs 735.04 crore in the quarter ended June 2026 as against Rs 378.37 crore during the previous quarter ended June 2025. Sales rose 66.01% to Rs 1501.42 crore in the quarter ended June 2026 as against Rs 904.40 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1501.42904.40 66 OPM %64.6053.37 - PBDT1009.90510.32 98 PBT992.27503.18 97 NP735.04378.37 94 Powered by Capital Market - Live

Billionbrains Garage Ventures will hold a meeting of the Board of Directors of the Company on 15 July 2026.

Afcons Infrastructure Ltd, Syrma SGS Technology Ltd, Paradeep Phosphates Ltd, Brainbees Solutions Ltd are among the other stocks to see a surge in volumes on NSE today, 12 May 2026.Billionbrains Garage Ventures Ltd registered volume of 5141.88 lakh shares by 14:14 IST on NSE, a 17.31 fold spurt over two-week average daily volume of 297.04 lakh shares. The stock slipped 4.83% to Rs.184.18. Volumes stood at 377.9 lakh shares in the last session.Afcons Infrastructure Ltd recorded volume of 94.41 lakh shares by 14:14 IST on NSE, a 11.02 times surge over two-week average daily volume of 8.57 lakh shares. The stock gained 1.16% to Rs.330.45. Volumes stood at 4.83 lakh shares in the last session.Syrma SGS Technology Ltd clocked volume of 98.66 lakh shares by 14:14 IST on NSE, a 7.05 times surge over two-week average daily volume of 14.00 lakh shares. The stock lost 2.69% to Rs.1,082.70. Volumes stood at 16.83 lakh shares in the last session.Paradeep Phosphates Ltd clocked volume of 406.03 lakh shares by 14:14 IST on NSE, a 6.95 times surge over two-week average daily volume of 58.42 lakh shares. The stock gained 3.92% to Rs.127.39. Volumes stood at 66.79 lakh shares in the last session.Brainbees Solutions Ltd witnessed volume of 51.53 lakh shares by 14:14 IST on NSE, a 5.95 times surge over two-week average daily volume of 8.66 lakh shares. The stock increased 2.70% to Rs.235.70. Volumes stood at 6.36 lakh shares in the last session.Powered by Capital Market - Live

On a QoQ basis, consolidated net profit and revenue from operations rose 25.49% and 23.79%, respectively, in Q4 FY26. Profit before tax (PBT) increased 126.18% YoY and 25.62% QoQ to Rs 935.70 crore in Q4 FY26. EBITDA stood at Rs 938.7 crore in Q4 FY26, up 142% YoY and 30% QoQ. Total transacting users reached 21.6 million, marking a growth of 25% YoY and 6% QoQ. Groww's market share in the mutual funds segment rose to 14% from 12.3% last year, as per the company's investor presentation. Active users grew 19.9% YoY and 4.7% QoQ in Q4 FY26, as momentum in new user acquisitions continued from Q3. Total customer assets grew 36% YoY but declined 1.1% QoQ due to mark-to-market impact in Q4. Product attach improved across scaled products, with 72% for stocks, 60% for mutual funds, and 10% for equity derivatives. Customer activity on the platform increased, driven by higher adoption and engagement across products. On the impact of the ongoing conflict in West Asia, the fintech platform said markets witnessed high volatility in the quarter under review due to the ongoing geopolitical tensions. In the short term, such conditions tend to increase user activity on the platform, particularly across products like derivatives and commodities. However, this elevated activity is accompanied by higher associated costs, primarily due to increased risk and volatility, the company added. On a full-year basis, the company's consolidated net profit advanced 14.18% to Rs 2,083 crore on a 19.04% jump in revenue from operations to Rs 4,644.58 crore in FY26 over FY25. Groww has built a sizeable footprint since its launch in 2018, emerging as a full-stack digital investment platform with offerings across stocks, mutual funds, derivatives, and loans. It serves customers across 98% of Indian pin codes, operates 37 million demat accounts, and oversees Rs 2.6 lakh crore in AUM through subsidiaries spanning broking, lending, and asset management. Shares of Billionbrains Garage Ventures shed 0.27% to Rs 197.76 on the BSE.

Net profit of Billionbrains Garage Ventures rose 122.06% to Rs 686.35 crore in the quarter ended March 2026 as against Rs 309.09 crore during the previous quarter ended March 2025. Sales rose 87.93% to Rs 1505.37 crore in the quarter ended March 2026 as against Rs 801.01 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.18% to Rs 2083.00 crore in the year ended March 2026 as against Rs 1824.37 crore during the previous year ended March 2025. Sales rose 19.04% to Rs 4644.58 crore in the year ended March 2026 as against Rs 3901.72 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1505.37801.01 88 4644.583901.72 19 OPM %62.3148.40 -59.0860.77 - PBDT960.15420.34 128 2869.282488.38 15 PBT935.70413.70 126 2821.412463.78 15 NP686.35309.09 122 2083.001824.37 14 Powered by Capital Market - Live

Billionbrains Garage Ventures will hold a meeting of the Board of Directors of the Company on 20 April 2026.

The stock has risen 18.36% over the last three sessions and touched a record high of Rs 198.50 today. Over the past three months, Groww shares have rallied 23.81%. Last month, a foreign brokerage initiated coverage on the stock with an 'overweight' rating and a target price of Rs 210. The brokerage highlighted Groww's strong market share gains and its appeal among aspirational investors. It also pointed to the company's cross-selling capabilities and operating leverage, which could help it outperform broader market growth. It added that while the stock may appear expensive as a discount broker, it looks attractive when evaluated as a broader consumer internet platform. Founded in 2018, Billionbrains Garage Ventures operates Groww, a full-stack digital investment platform offering services across stocks, mutual funds, derivatives and loans. The platform serves users across 98% of Indian pin codes, has 37 million demat accounts and manages Rs 2.6 lakh crore in assets under management through its broking, lending and asset management businesses. On the financial front, the company reported a 16.04% rise in consolidated net profit to Rs 546.33 crore on a 19.37% increase in revenue from operations to Rs 1,216.07 crore in Q3 FY26 over Q2 FY26. On a year-on-year basis, net profit declined 27.76% while revenue rose 24.79% in Q3 FY26. The decline in profit was due to a one-time gain of Rs 314.8 crore in the previous year related to long-term incentives paid to management. Excluding this impact, profit after tax grew 24% YoY to Rs 442.3 crore, indicating strong underlying performance. The stock made a strong market debut on 12 November 2025, listing at Rs 114 on the BSE, a 14% premium to its issue price of Rs 100. It closed its first day at Rs 130.94, up 30.93%. The IPO was subscribed 17.60 times and comprised a fresh issue of Rs 1,060 crore and an offer for sale of Rs 5,572.30 crore. The stock is currently up 97.30% from its issue price and 73.07% above its listing price.

On a year on year (YoY) basis, the company's net profit declined 27.76% while revenue from operations jumped 24.79% in Q3 FY26. The YoY decline in profit was largely attributable to a one-time gain of Rs 314.8 crore related to long-term incentive paid to management. Excluding this impact, operational performance remained robust, with profit after tax (PAT) recording 24% YoY growth to Rs 442.3 crore in Q3 FY26. Profit before tax (PBT) fell 27.09% YoY to Rs 744.85 crore during the quarter. Adjusted EBITDA stood at Rs 741.8 crore, up 24.03% YoY and 18.86% QoQ. The company's total transacting users reached 20.4 million, marking a growth of 7% QoQ and 25% YoY. Active Users grew 7.5% QoQ. Meanwhile, the company, along with Groww AMC'its wholly owned, non-material subsidiary'has executed a Share Subscription and Purchase Agreement (SSPA) and a Shareholders' Agreement (SHA) with State Street Global Advisors. Under the SSPA, State Street Global Advisors has agreed to invest up to Rs 580.02 crore through a combination of secondary share purchases and primary subscriptions, resulting in a dilution of up to 23% of Groww AMC's fully diluted share capital. Upon completion of the proposed transaction, State Street Global Advisors will hold no more than 4.99% of the aggregate voting power in Groww AMC. Billionbrains Garage Ventures (Groww) has built a sizeable footprint since its launch in 2018, emerging as a full-stack digital investment platform with offerings across stocks, mutual funds, derivatives and loans. It serves customers across 98% of Indian pin codes, operates 37 million demat accounts and oversees Rs 2.6 lakh crore in AUM through subsidiaries spanning broking, lending and asset management.Powered by Capital Market - Live