Billionbrains Garage Ventures (GROWW) Q4 21/22 earnings summary

Executive summary

• FY22 consolidated revenue rose to INR 35,092 lakh from INR 2,951 lakh; the period moved to a net loss of INR 23,901 lakh from net profit of INR 16,765 lakh.

• Standalone revenue from operations was INR 13,204 lakh versus INR 1,584 lakh; standalone net loss widened to INR 24,090 lakh from INR 7,854 lakh.

• Groww’s web and app platform supports financial products across subsidiaries; operations include equity broking, mutual funds and related services.

Financial highlights

• Consolidated total income was INR 42,719 lakh versus INR 28,354 lakh; total expenses rose to INR 66,366 lakh from INR 11,735 lakh.

• Consolidated basic and diluted EPS were both INR (2,282.04), versus INR 2,116.05 in FY21.

• Standalone other income was INR 5,361 lakh versus INR 858 lakh; total expenses were INR 42,655 lakh versus INR 10,297 lakh.

• Consolidated operating cash flow was INR 53,847 lakh versus INR 2,105 lakh; trade-payable changes contributed INR 80,267 lakh to cash generated from operations.

Segment performance

• Operations were reported as one operating segment; consolidated activity predominantly related to equity broking, mutual funds and related activities, with other businesses in initial stages.

• Domestic revenue was INR 35,092 lakh, all recognized at a point in time; revenue comprised fees and commission, tech-platform charges and interest income on earmarked deposits.