How does this quarter compare to expectations?

The results are broadly in line with guidance from prior earnings calls and shareholder letters, so no major surprise for analysts.

What does the capital reclassification mean?

The board proposes to eliminate the preference share class and fix authorised capital at ₹5,000 crore divided into 2,500 crore equity shares. It's a structural clean-up, not a new fundraising.

Why is the internal auditor change significant?

EY replacing the outgoing firm is a routine governance change. It does not reflect any control issues.

How did the board confirm IPO proceeds usage?

The company submitted a statement confirming no deviation in use of ₹1,060 crore raised in the IPO, which is standard compliance.

Earnings · Stock Broking · Mega cap

Groww Q1 revenue jumps 66% to ₹1,501 crore, profit up 94%

Top-line growth driven by user expansion; capital reorganisation and auditor change are routine procedural moves.

— 4 earlier stories on Billionbrains Garage Ventures Ltd. →

GROWW By Tipsheet Editorial 15 Jul 2026 · 11:31 AM IST Verify on BSE · NSE

Mkt cap₹1.25 lakh cr

P/E60.17×

ROE37.57%

Debt / eq.0.11

₹1,501 crore Revenue for Q1 FY27, up 66% YoY.

What's new

Revenue of ₹1,501 crore (up 66% YoY); net profit of ₹735 crore (up 94% YoY).
Board approved reclassification of authorised share capital, eliminating preference shares.
Ernst & Young LLP appointed as internal auditor for FY27; BSR issued unqualified opinion.

Why this matters

Strong growth continues but was largely anticipated given prior guidance and user momentum. The quarter confirms the trajectory but offers no surprise, so the stock is unlikely to see a significant move.

What we're watching

Sustained user growth and its conversion to revenue.
Shareholder approval for capital reclassification.
State Street AMC investment timeline.

The full read

Groww delivered ₹1,501 crore in Q1 revenue (up 66% YoY) and ₹735 crore in net profit (up 94%). The numbers are strong but were largely baked into expectations after prior guidance and a 24% jump in transacting users. The capital reorganisation (eliminating preference shares and setting ₹5,000 crore authorised capital into 2,500 crore equity shares) is a procedural cleanup, not a capital event. EY's appointment as internal auditor is routine. With ₹1,060 crore in IPO proceeds fully accounted for and an unqualified review from BSR, this is a clean, predictable quarter. The stock's next catalyst will be user monetisation depth, not the numbers themselves.

Questions answered

How does this quarter compare to expectations?: The results are broadly in line with guidance from prior earnings calls and shareholder letters, so no major surprise for analysts.
What does the capital reclassification mean?: The board proposes to eliminate the preference share class and fix authorised capital at ₹5,000 crore divided into 2,500 crore equity shares. It's a structural clean-up, not a new fundraising.
Why is the internal auditor change significant?: EY replacing the outgoing firm is a routine governance change. It does not reflect any control issues.
How did the board confirm IPO proceeds usage?: The company submitted a statement confirming no deviation in use of ₹1,060 crore raised in the IPO, which is standard compliance.

Mentioned: BSR & Co. LLP · Ernst & Young · ₹1,060 crore IPO proceeds

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on GROWW →

15 Jul 2026 · 11:31 AM IST Groww Q1 revenue jumps 66% to ₹1,501 crore, profit up 94%
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today Groww Q1 profit jumps 94% on 66% revenue surge
today Groww revenue up 66%, net profit up 94% in June quarter