Billionbrains Garage Ventures Q2 profit rises 54% to Rs 725.65 crore
Revenue from operations increased 47.39% YoY to Rs 1,501.53 crore from Rs 1,018.74 crore. It was nearly flat sequentially from Rs 1,501.42 crore.
Consolidated EBITDA increased 60% YoY to Rs 969 crore. Total transacting users increased 27% YoY to 2.4 crore, and total customer assets grew 46% to Rs 3.9 lakh crore.
Net interest income grew 48.54% YoY to Rs 1,496.82 crore from Rs 1,007.71 crore. It increased 0.18% QoQ from Rs 1,494.11 crore.
Profit before tax stood at Rs 983.86 crore in Q2 FY27, down 0.85% vs previous quarter and up 54.29% vs year-ago quarter.
The company said its consolidated expenses increased 29% YoY. It attributed the rise in cost to serve to higher technology costs linked to more trading days, one-time client reimbursements for abnormal trades, and higher computing costs due to AI and other factors. Cost to operate included Rs 5 crore in corporate social responsibility expenses during the quarter. Employee benefit expense stood at Rs 168.89 crore in Q2 FY27, up 36.5% year-on-year.
Groww reported higher contributions from margin trading facility (MTF) and commodity derivatives in Q2 FY27, while equity derivatives activity remained softer. The share of equity derivatives in total income declined by 12.2 percentage points year-on-year, which the company attributed to market adjustments following the introduction of the Closing Auction System (CAS).
Equity derivatives premium average daily turnover (ADTO) increased 28.7% year-on-year to Rs 12,322 crore from Rs 9,574 crore. Groww?s retail market share in equity derivatives rose to 11.0% from 8.6%.
The MTF book grew 160.9% year-on-year to Rs 4,351 crore from Rs 1,668 crore, while its market share increased to 2.7% from 1.6%.
However, equity derivatives revenue declined 14.3% quarter-on-quarter, which Groww largely attributed to the implementation of CAS. The company expects activity to recover once the recommendations in SEBI?s consultation paper take effect.
Billionbrains Garage Ventures operates the Groww investment platform, offering investment and wealth-related products across its platforms.
Following the result, the stock was down 0.82% at Rs 192.22 on the NSE.
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