Groww revenue up 66%, net profit up 94% in June quarter
Q1 FY27 results beat expectations but are in line with trajectory. Board approves share capital restructuring; EY appointed internal auditor.
— 4 earlier stories on Billionbrains Garage Ventures Ltd. →What's new
- Consolidated revenue of ₹1,501 cr, up 66% YoY; net profit ₹735 cr, up 94% YoY.
- Board approved reclassification of authorised share capital, eliminating preference shares.
- Appointed Ernst & Young as internal auditor for FY27; confirmed no deviation in ₹1,060 cr IPO proceeds.
Why this matters
The strong quarterly numbers reinforce Groww's growth story, but they are largely anticipated and unlikely to move the stock. The capital restructuring is procedural; the audit appointment is routine. What changes from here is whether the growth rate can be sustained as the base expands.
What we're watching
- Guidance for the full year: can FY27 revenue growth keep pace with the 66% Q1 rate?
- Shareholder approval for the authorised capital restructuring.
- Any commentary on new user additions or AMC partnership progress.
The full read
Groww delivered another quarter of rapid expansion: consolidated revenue hit ₹1,501 crore (up 66% YoY) and net profit jumped 94% to ₹735 crore. The numbers are impressive but consistent with the company's trajectory and widely anticipated. The stock already trades at a 60x P/E. The board also approved a routine capital restructuring, eliminating preference shares from the authorised capital, and appointed Ernst & Young as internal auditor. The statutory auditor gave an unqualified opinion, and the company confirmed no deviation in IPO proceeds usage. Nothing in this filing disrupts the story. The open question is whether 66% revenue growth is the new normal or the beginning of a deceleration as the base compounds. For now, it is a clean quarter with no surprises.
Questions answered
- Why is Groww reclassifying its authorised share capital?
- The board approved eliminating the preference share category and fixing total authorised capital at ₹5,000 crore divided into 2,500 crore equity shares. This is a procedural simplification requiring shareholder approval, with no immediate capital raise.
- Who audited the Q1 results?
- The financials were reviewed by statutory auditors BSR & Co. LLP, which issued an unqualified limited review opinion. The board also appointed Ernst & Young as internal auditor for FY27, replacing the previous firm.
- Did Groww disclose any use-of-proceeds issues from its IPO?
- No. The company filed a statement confirming no deviation in the use of its ₹1,060 crore IPO proceeds.
- How do these growth rates compare to Groww's trailing performance?
- Trailing twelve-month revenue grew 87.9% and PAT grew 121.9% (screener basis, different period). The Q1 YoY growth of 66% (revenue) and 94% (profit) is slightly lower but still strong, reflecting a high base.
Story so far
All notes on GROWW →- 15 Jul 2026 · 11:34 AM IST Groww revenue up 66%, net profit up 94% in June quarter
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- today Groww Q1 profit jumps 94% on 66% revenue surge
- today Groww Q1 revenue jumps 66% to ₹1,501 crore, profit up 94%