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Groww User Base Surges 24% YoY in Q1
16 Jul
Summary
- Groww reported 2.2 crore transacting users, a 24% year-over-year increase.
- Consolidated revenue from operations grew 66% year-over-year to Rs 1,501 crore.
- Total customer assets reached Rs 3.6 lakh crore, up 38% from the prior year.
In the first quarter of fiscal year 2027, Groww announced substantial user growth, with its total transacting users increasing by 24% year-over-year to 2.2 crore. This growth signifies a healthy expansion of its active user base on the platform.
The company's financial performance also showed remarkable improvement. Consolidated revenue from operations for Q1FY27 stood at Rs 1,501 crore, marking an impressive 66% rise compared to Rs 904 crore in the corresponding quarter of the previous year. This surge in revenue reflects effective business strategies and increasing market penetration.
Groww's total customer assets demonstrated robust growth, reaching Rs 3.6 lakh crore. This represents a significant 38% increase from the prior year's comparable period. The company also reported strong Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA), which advanced by 101% year-over-year to Rs 971 crore.
