India's Groww rises after Q4 profit nearly doubles

Billionbrains Garage Ventures

21/04/2026 05:09

** Shares of India's Groww BILO.NS rise as much as 3.51% to 203 rupees

** Tiger Global-backed discount brokerage firm nearly doubles Q4 profit to 6.86 billion rupees ($73.50 million)

** BofA ("buy", PT: 235 rupees) says rising adoption of margin trading (MTF) and commodities trading is expected to support growth in average revenue per user in FY27

** Jefferies ("buy", PT: 225) raises FY27–28 EPS estimates by 2%, says BILO has shown more resilience, greater ability to cross-sell and better profitability relative to peer Angel One ANGO.NS

** JPMorgan ("overweight", PT: 220) sees EBITDA margins improving going forward, supported by operating leverage, as indirect costs like marketing and technology grow at a slower pace than revenue

** BILO rated "buy" on avg by 9 analysts, median PT 217.50 rupees - LSEG data

** YTD stock up 25.57%

($1 = 93.3375 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))