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Billionbrains Garage Ventures (GROWW) investor relations material
Billionbrains Garage Ventures Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated Q2 revenue from operations was ₹1,501.53 crore and profit was ₹724.70 crore; H1 revenue was ₹3,002.95 crore and profit was ₹1,459.74 crore.
Standalone Q2 revenue was ₹917.56 crore and profit was ₹591.76 crore, including an ₹81.10 crore gain on sale of an investment in a subsidiary.
Cost to Grow fell without the prior quarter’s IPL branding expense; Cost to Serve rose on AI, compute, trading-day and one-time operational costs. MTF and product expansion continued.
Financial highlights
Consolidated Q2 revenue from operations rose to ₹1,501.53 crore from ₹1,018.74 crore; H1 revenue was ₹3,002.95 crore versus ₹1,923.14 crore.
Consolidated Q2 profit was ₹724.70 crore versus ₹471.34 crore; H1 profit was ₹1,459.74 crore versus ₹849.69 crore.
Standalone Q2 total income was ₹1,111.80 crore versus ₹756.19 crore; H1 total income was ₹2,165.49 crore versus ₹1,420.97 crore.
Standalone Q2 profit was ₹591.76 crore versus ₹354.03 crore; H1 profit was ₹1,146.90 crore versus ₹659.93 crore.
Cost to Operate was flat QoQ; employee expenses were ₹159 crore versus ₹182 crore in Q1 and ₹173 crore in Q4, with structural costs expected to rise as hiring resumes.
Outlook and guidance
Cost to Grow spend is typically ₹400–500 crore annually and may exceed ₹500 crore in a good market; the roughly ₹125 crore quarterly average can vary with conditions and demand.
MTF book additions averaged ₹600–700 crore per quarter, with management expecting growth to continue; daily and quarterly balances can fluctuate with stocks and market activity.
CAS-related volume normalization is expected from the effective date of SEBI’s final circular; timing and pace depend on implementation, with normalization rather than incremental growth anticipated.
Long-term cash and derivatives market share is expected to grow YoY as customers mature and product usage expands, though quarterly progress may be uneven.
- Revenue expanded, but FY22 ended in a consolidated loss of INR 23,901 lakh.GROWW
Q4 21/22 - Revenue surged and consolidated results returned to profit; strategic acquisitions advanced.GROWW
Q4 22/23 - Merger-related US tax expense erased FY24 profits despite higher revenue.GROWW
Q4 23/24 - FY25 returned to profit, with ₹40.61bn revenue and ₹18.24bn consolidated PAT.GROWW
Q4 24/25 - Revenue and profit more than doubled, with robust MTF growth and high affluent retention.GROWW
Q1 26/27 - Revenue and profit rose, IPO and acquisitions fueled growth, and AI investments scaled operations.GROWW
Q4 25/26 - Strong revenue and profit growth, IPO success, and strategic investment boost future outlook.GROWW
Q3 25/26 - Q2 FY26 saw strong revenue, profit, IPO, and product growth with improving cost efficiency.GROWW
Q2 25/26
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Next Billionbrains Garage Ventures earnings date
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