India's Groww parent jumps on Q3 adjusted profit rise

Billionbrains Garage Ventures

16/01/2026 04:45

** Shares of Billionbrains Garage Ventures, parent of Groww BILO.NS, jump ~7% to 175 rupees; on track for best day in a month

** Co reported a 24% yoy rise in Q3 adjusted profit on Jan 14; rev rose 25% yoy

** Shares of BILO rose as much as 3% on Jan 14 after results, closed 1% higher

** Brokerage Jefferies ("buy", hikes PT to 195 rupees from 190 rupees) says new ventures ramping up faster than expected

** Adds adj PAT and rev beat was led by higher-than

expected commodity & margin trading facility revenues

** Brokerage Citi ("buy", PT at 195 rupees) says co delivered solid Q3, market share across segments

** BILO gained ~34% since listing on Nov 12, 2025

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))