Billionbrains Garage Ventures (GROWW) investor relations material

Executive summary

• Achieved significant milestones in FY 2026, including becoming a public company through a successful IPO and expanding product offerings to commodities and bonds.

• Acquired Fisdom (Finwizard Technology Private Limited) for INR 9,610.50 million, entering wealth management and launching new products for affluent and HNI customers.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with unqualified audit opinions from statutory auditors.

• Notable board actions included the appointment of new secretarial auditors and the resignation of a nominee director.

• Continued focus on scaling wealth management, compounding existing businesses, and leveraging AI for customer experience and productivity.

Financial highlights

• Consolidated revenue from operations for FY26 was INR 46,445.79 million, up from INR 39,017.23 million in FY25.

• Consolidated net profit for FY26 was INR 20,830.00 million, compared to INR 18,243.73 million in FY25.

• Equity options market share increased from 9.1% to 10.6% quarter-over-quarter, driven by new initiatives and increased customer activity.

• Employee costs and depreciation rose due to investments in asset management, wealth, and AI, as well as the Fisdom acquisition.

• ARPU returned to pre-November 2024 levels, influenced by a mix of FNO penetration decline and growth in MTF and commodities.

Outlook and guidance

• Focus remains on scaling wealth management and compounding core businesses, with the company operating as a single segment focused on digital financial services.

• Fisdom expected to be profitable by FY 2028.

• IPO proceeds are being allocated to cloud infrastructure, marketing, capital augmentation for subsidiaries, and inorganic growth.

• Cost to operate will increase in Q1 due to appraisals, then stabilize; AMC and Fisdom will see further investment.

• Margin expansion is tied to revenue growth, with higher revenue growth leading to greater margin improvement.