India's Groww gains after second quarter profit beats estimates

Billionbrains Garage Ventures

15/10/2026 06:45

** Shares of India's Groww BILO.NS rise as much as 3.1% to 198.60 rupees
** Fintech co says Q2 consolidated revenue rose 47% Y/Y to 15.01 billion rupees ($158.07 million), helped by growth in total transacting users
** Co's consolidated net profit rose to 7.26 billion rupees from 4.71 billion rupees in the same quarter last year
** Jefferies says co's Q2 profit beats estimates by 5% led by higher cash equity revenues and lower operating expenses
** BILO to deliver 28% EPS CAGR over FY26-29 helped by new product launches, growth in client assets and higher operating leverage - Jefferies
** Stock rated "strong buy" on avg by 10 analysts, with median PT of 240 rupees - data compiled by LSEG
** Stock up 25.85% YTD
     


($1 = 94.9550 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))