Billionbrains Garage Ventures Limited Earnings Summary — Q1 FY2027
Groww Achieves Solid Growth with Net Profit Up 94% YoY and Margin Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 0.3% sequentially in Q1 FY2027.
- Revenue of ₹1,501 Cr is 66.0% higher year-on-year.
- Revenue has compounded at 17.9% annualised over the last 10 quarters.
- Net profit of ₹735 Cr is 94.3% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 37.7% annualised across the period.
- Operating margin stands at 64.6% in Q1 FY2027.
- Operating margin expanded by 1123 bps year-on-year.
- PBT margin is 66.1%.
- Expense growth of 26.0% remained below revenue growth of 66.0%.
- Operating profit of ₹970 Cr is 101.0% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 4 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 83/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2019 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 1,501 | 1,505 | 1,216 | 1,019 | 904 | 801 | 975 | 1,125 | — | — |
| Expenses | Volatile | 531 | 567 | 496 | 415 | 422 | 413 | -40 | 575 | — | — |
| Operating Profit | Strong Uptrend | 970 | 938 | 720 | 603 | 483 | 388 | 1,014 | 550 | — | — |
| Operating Margin | Volatile | 64.6% | 62.3% | 59.2% | 59.2% | 53.4% | 48.4% | 104.1% | 48.9% | — | — |
| Other Income | Improving | 47 | 30 | 45 | 52 | 44 | 49 | 30 | 35 | — | — |
| Interest | Stable | 7 | 8 | 11 | 11 | 16 | 16 | 16 | 9 | — | — |
| Depreciation | Volatile | 18 | 24 | 9 | 7 | 7 | 7 | 7 | 6 | — | — |
| Profit Before Tax | Strong Uptrend | 992 | 936 | 745 | 638 | 503 | 414 | 1,022 | 570 | — | — |
| Tax | Strong Uptrend | 257 | 249 | 198 | 166 | 125 | 105 | 264 | 150 | — | — |
| Net Profit | Strong Uptrend | 735 | 686 | 547 | 471 | 378 | 309 | 757 | 420 | — | — |
| Net Margin | Improving | 49.0% | 45.6% | 45.0% | 46.3% | 41.8% | 38.6% | 77.7% | 37.3% | — | — |
Key Takeaways
- Consolidated Net Profit surged 94% year-on-year to ₹735.04 Cr, reflecting strong operational leverage and market share gains.
- Quarterly Revenue from operations reached ₹1,501.42 Cr, maintaining stability despite seasonal fluctuations in retail trading activity.
- Board approved a significant reclassification of Authorised Share Capital to 2,500 Cr Equity Shares to support future capital requirements.
- The company successfully transitioned its internal audit function to Ernst & Young LLP (EY) for the FY2026-27 period.
- IPO proceeds utilization remains on track, with ₹862.29 Cr already deployed toward cloud infrastructure, branding, and subsidiary capital bases.
- Groww's entry into wealth management via the Fisdom acquisition is scaling, providing bank partnerships and new product avenues.
- Regulatory approval from SEBI and CCI for the State Street Global Advisors (SSGA) investment in Groww AMC was received in Q1.
- The Margin Trading Facility (MTF) business continues to be a primary growth lever, scaling significantly in the current market environment.
Management Guidance
Management emphasizes horizontal expansion into personal loans and margin trading to diversify revenue beyond pure-play brokerage. While specific numerical revenue guidance for the full year was withheld due to market cyclicality, the focus remains on maintaining high unit economics and customer lifetime value through technology-led efficiencies.
Sentiment Shift
Improving
Profitability growth is outpacing revenue growth, signaling maturing unit economics and successful cross-selling of financial products like MTF and Mutual Funds.
Outlook
The outlook remains robust as Groww transitions from a customer acquisition phase to a high-margin operating model. Integration of the AMC partnership with State Street and continued growth in the NBFC segment (Groww Creditserv) are expected to provide stable, non-cyclical revenue streams in future quarters.
From the Annual Report (Key Quotes)
“Revenue growth has a lot of levers attached to it... this will continue to be our differentiator and we will continue investing in that.”
“The transaction [SSGA investment in Groww AMC] is expected to be consummated upon fulfilment of the remaining closing conditions.”
“We scaled some of the existing products, MTF scaled really well for us. In other products be it equity, MF, F&O we grew our market share.”
Official Quarterly Documents
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This summary is AI-generated from Billionbrains Garage Ventures Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.