Billionbrains Garage Ventures (GROWW) Q4 22/23 earnings summary

Executive summary

• Consolidated revenue rose to ₹127,780 lakh from ₹35,092 lakh; net profit was ₹44,877 lakh versus a ₹23,901 lakh loss in FY22.

• Standalone revenue reached ₹90,610 lakh and net profit ₹39,658 lakh, compared with ₹13,204 lakh revenue and a ₹24,090 lakh loss in FY22.

Financial highlights

• Consolidated total income was ₹142,781 lakh, expenses ₹93,291 lakh and profit before tax ₹49,490 lakh; FY22 PBT was a ₹23,647 lakh loss.

• Standalone total income was ₹101,018 lakh, expenses ₹59,198 lakh and profit before tax ₹41,820 lakh; FY22 PBT was a ₹24,090 lakh loss.

• Consolidated operating cash flow was ₹42,657 lakh; cash and cash equivalents ended FY23 at ₹17,129 lakh.

Segment performance

• Broking segment revenue was ₹1,25,523 lakh and PBT ₹9,764 lakh; Others revenue was ₹91,512 lakh and PBT ₹39,726 lakh, before inter-segment eliminations.

• Standalone operations were reported as one software platform and related services segment; platform charges accounted for ₹82,643 lakh of ₹90,610 lakh operating revenue.