Groww Q1: Profit Surges 94% Year-Over-Year to ₹735 Crore
Investment tech platform Groww reported a 94.3% year-over-year increase in consolidated net profit for Q1 FY27, reaching ₹735 crore. Operating revenue also saw a 66% jump to ₹1,501 crore.
Investment technology platform Groww announced its first-quarter financial results for fiscal year 2027, revealing a significant surge in profitability. The company's consolidated net profit climbed 94.3% to ₹735 crore (approximately $88 million USD) compared to the ₹378.4 crore recorded in the same period last year.
Operating revenue for the quarter experienced robust growth, increasing by 66% to ₹1,501 crore (approximately $180 million USD) from ₹904.4 crore in the first quarter of fiscal year 2026. Sequentially, profit saw a moderate rise of 7.1% from the previous quarter.
Total revenue, including other income of ₹47.3 crore, stood at ₹1,548.7 crore for the reporting period. Total expenses for the first quarter of FY27 were ₹555.7 crore.
The strong performance highlights Groww's expanding market presence in India's digital investment sector, reflecting increased user adoption of its platform.