Digital investment platform Groww on Wednesday reported a strong performance for the first quarter of FY27, with its profit nearly doubling to Rs 735 crore. The company also recorded a 66% year-on-year increase in revenue from operations, which crossed the Rs 1,500 crore mark during the quarter. The company’s revenue from operations increased to Rs 1,501 crore in Q1 FY27 from Rs 904 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 47 crore, which pushed total income to Rs 1,549 crore for the quarter. On a quarter-on-quarter basis, Groww's operating revenue held steady againstRs 1,505 crorein Q4 FY26. Employee benefits remained as the largest cost component for Groww at Rs 82 crore, representing over 30% of total expenses in Q1 FY27. Finance costs and depreciation expenses stood at Rs 7.3 crore and Rs 17.6 crore, respectively. Overall, the Lalit Keshre-led firm reported a 25% increase in total expenditure to Rs 556 crore in the quarter, compared to Rs 445 crore in Q1 FY26. Groww's profit jumped 94% year-on-year to Rs 735 crore in Q1 FY27 from Rs 378 crore in the corresponding quarter last year. On a sequential basis, the company's profit rose 7% from Rs 686 crore in Q4 FY26. According to NSE data, Groww remained the country's largest stock broker despite losing 6,004 active clients in June. It ended the month with1.30 croreactive clients with a 28.72% market share. During the quarter, several early backers of Groww, including Peak XV Partners, YC Holdings, and Ribbit Capital, sold around 4.7% stake in the company through bulk deals worthRs 5,352 crore. As of 12:00 PM (today), Groww’s share is trading at Rs 213.53, giving the company total market capitalization of Rs 1,33,922 crore (around $14 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
