Daijiworld Media Network - Mumbai

Mumbai, Nov 21: In a key financial update, Billionbrains Garage Ventures — the parent company of investment platform Groww — posted a 12% rise in consolidated net profit for Q2 FY26, touching Rs 471 crore as against Rs 420 crore in the same quarter last year, marking a steady performance despite pressure on operational revenues.

The newly listed company reported a 9.4% year-on-year dip in revenue from operations, falling to Rs 1,019 crore from Rs 1,125 crore in Q2 FY25. However, on a quarter-on-quarter basis, revenue climbed 13%, driven by a surge in active users and new customer acquisitions, along with stronger engagement from existing users backed by deeper product penetration and improved user maturity. Interestingly, 4.5% of the incremental 13% QoQ

See Full Page