GROWW Billionbrains Garage Ventures Q2 FY27 results (Jul–Sep 2026) and concall
Billionbrains Garage Ventures Limited (Groww) reported a dynamic Q2 FY27, marked by strong growth in its Margin Trade Funding (MTF) book and wealth management user base. While Cost to Grow decreased due to the absence of IPL branding costs, Cost to Serve saw a one-time hit of INR 10-13 crores and increased AI-related expenses. The company is actively investing in AI for product enhancement and efficiency, while navigating regulatory uncertainties around SEBI's CAS and UPI MDR, expecting minimal long-term impact on its core business.
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What they filed
Q2 FY27: revenue up 47.4%, net profit up 53.9% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 975 | 801 | 904 | 1,019 | 1,216 +25% | 1,505 +88% | 1,501 +66% | 1,502 +47% |
| EBITDA | 1,014 | 388 | 483 | 603 | 720 −29% | 938 +142% | 970 +101% | 968 +61% |
| Net profit | 757 | 309 | 378 | 471 | 547 −28% | 686 +122% | 735 +94% | 725 +54% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





