Billionbrains Garage Ventures (GROWW) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue from operations rose to INR 295,809 lakh from INR 127,732 lakh; a one-time INR 133,968 lakh US merger-tax charge drove a reported net loss.

• The cross-border merger simplified the ownership structure; financial statements use pooling-of-interests accounting and restate prior-period figures.

Financial highlights

• Consolidated total revenue was INR 314,498 lakh vs INR 143,513 lakh; pre-exceptional PBT was INR 72,788 lakh vs INR 50,384 lakh.

• Consolidated loss after tax was INR 79,877 lakh vs profit of INR 45,772 lakh; after INR 668 lakh associate loss, total net loss was INR 80,545 lakh.

• Consolidated basic and diluted EPS were both negative INR 8.27 vs positive INR 4.70 and INR 4.34, respectively.

• Standalone revenue from operations was INR 193,473 lakh vs INR 90,562 lakh; net loss was INR 104,098 lakh vs profit of INR 40,552 lakh.

Segment performance

• One reportable segment: financial services delivered through the internet, with operations managed and reviewed as a single segment.

• Groww Invest Tech reported turnover of INR 291,041 lakh and PAT of INR 29,775 lakh; Groww Pay reported a loss of INR 939 lakh and Groww Creditserv a loss of INR 2,409 lakh.