Groww’s consolidated net profit records a 94% YoY growth
Financial services company Groww recorded a 94% YoY growth in its net profit from Rs 378 crore in Q1FY26 to Rs 735 crore in Q1FY27. The net profit saw a 7.1% growth QoQ from Rs 686 crore in Q4FY26.
The YoY net profit growth was majorly due to an over 63% growth in its total income from Rs 948 crore to Rs 1,549 crore. On the other end, the total expenses grew by around 25% during this period.
In its letter to shareholders, the company shared that its total transacting users increased to 22 million, growing by 4% QoQ and 24% on a YoY basis. The active users stood at 17 million. Total customer assets grew to Rs 3.6 lakh crore, growing by 22% QoQ and 38% on a YoY basis.
