GROWW EARNINGS REPORT
Groww, world’s most expensive broking stock, to face earnings test today after doubling from IPO price
Billionbrains Garage Ventures (Groww) is set to report earnings Monday, with investors questioning whether its rich valuation is justified. The stock has surged 29% this year. Analysts expect net income to double to Rs 6.6 billion, but its 43x forward P/E—higher than Robinhood, Interactive Brokers and Angel One—will keep scrutiny on the sustainability of growth.
Why are hospital stocks defying market volatility? Demand, beds and growth plans
Over the past five years, the sector has delivered strong growth, with revenues rising about 15.5% annually between FY2019-20 and FY2024-25, while EBITDA (Earnings before interest, taxes, depreciation and amortization) grew faster at around 25%. This was driven by higher insurance-led payments ensuring steadier revenues, strong demand for profitable inpatient care, and aggressive expansion in beds and facilities.
ET Awards for Corporate Excellence 2025: Celebrating India Inc. distinguished icons
The ET Awards for Corporate Excellence 2025 honour 10 outstanding achievers, from policy reformers and business leaders to emerging companies driving India’s corporate renaissance. Here’s the complete list of winners.
Oracle cuts 20% of India staff; War jitters stall fintech IPOs
Happy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
AI-led wealthtech rising as VCs bet on a fintech disruption
As middle-income Indians increasingly diversify beyond real estate and gold into financial assets, the investment thesis is evolving. New-age startups are leveraging AI to build products at lower cost and with greater efficiency.
Jefferies adds Wipro, Hyundai Motor India, Cipla to latest underperform list. Here’s why
Jefferies has added Wipro, Hyundai Motor India and Cipla to its latest underperform list, citing weak growth outlook, rising competition and earnings risks. The brokerage flagged slow deal ramp ups at Wipro, market share losses for Hyundai and US revenue pressure at Cipla as key concerns for investors.
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Jefferies adds Groww, State Bank of India, 5 others to 23 buy ideas. Here’s the full list
Jefferies has updated its analyst top ideas, adding seven new stock recommendations across various sectors. These picks include State Bank of India, Groww, Star Health & Allied Insurance, Bharat Forge, JSW Steel, Eternal, and Max Healthcare, with significant upside potential highlighted for each.
PNGS Reva Diamond Jewellery IPO Day 2: Subscribed 96%, GMP, brokerages’ views & key details
PNGS Reva Diamond Jewellery's IPO saw 96% subscription on its second day, driven by QIBs, with modest listing gains of around 1% expected. The company plans to use IPO proceeds for aggressive store expansion, aiming to leverage its strong margins and promoter legacy despite regional concentration risks and competition.
Clean Max Enviro Energy IPO Day 3: Subscribed 92%, GMP, brokerage outlook and key highlights
Clean Max Enviro Energy Solutions' IPO saw 92% subscription on its final day, driven by strong QIB demand despite subdued retail interest. The grey market premium suggests modest listing gains. The company, India's largest renewable energy provider for C&I segments, aims to use IPO proceeds for debt reduction.
TCS can offer Rs 35 dividend, share buyback soon, says CLSA after Rs 3,593 target price
CLSA has maintained an Outperform rating on Tata Consultancy Services with a target price of Rs 3,593, implying 39% upside. The brokerage sees scope for a Rs 35 Q4 dividend and a potential buyback. However, AI disruption concerns and macroeconomic risks continue to weigh on IT sector valuations.
Afcons Infrastructure shares tumble 4% after client terminates contract worth €113 million
Afcons Infrastructure's shares slipped 4% following a contract termination notice from Société Autoroutière du Gabon. The €113.03 million project for National Road NR1 in Gabon is nearing completion. Afcons disputes the termination, asserting it is inconsistent with contract terms. The company is pursuing legal remedies.
Once a 150% multibagger, One Mobikwik shares now trade 26% below IPO price. Time to exit?
Fintech firm One MobiKwik Systems saw its stock surge on BSE's approval for its subsidiary's broking operations, though gains were mostly trimmed. The company, which offers digital wallets and payment services, has faced prolonged underperformance since its IPO. MobiKwik returned to profitability in the last quarter, reporting its highest revenue in six quarters.
Eternal tumbles 6% as sell-off deepens; stock among biggest Sensex drags
Eternal shares fell 6% amid heavy selling pressure, emerging as one of the top drags on the Sensex. Despite strong Q3 earnings and robust Blinkit growth, the stock has underperformed in 2026, trading below key moving averages as investor sentiment weakens on Dalal Street.
Fading vibes: Internet stocks slump up to 28% in 2026 but Paytm, Groww, 5 more earn brokerages’ backing post Q3
Indian internet companies showed mixed Q3 results, with some reporting strong revenue and profit growth while others struggled. Despite a general decline in stock prices, brokerages remain optimistic about select platforms like Paytm, Groww, and Lenskart, citing improving fundamentals and long-term potential.
More leveraged deals, lower base effect spur brokerage recovery in Q3
Indian stockbrokers saw improved revenues and profits in the third quarter. Trading volumes increased, boosted by leveraged deals and higher interest income. Exchanges like BSE and NSE also reported growth. This performance was supported by strong activity in cash and derivatives markets, as well as healthy primary market participation. Volatility in commodities also lifted trading volumes.
Inox Wind shares fall over 8%. What brokerages didn't like in Q3 results
Inox Wind shares fell to their 52-week low on Monday after a weak Q3 marked by slow execution, missed revenue estimates, and higher interest costs. Brokerages, including Nomura and Motilal Oswal, slashed price targets, citing softer guidance and trimmed growth forecasts despite retaining ‘BUY’ ratings.
Ahead of Market: 10 things that will decide stock market action on Friday
Market sentiment weakened amid heavy IT selling and strong US jobs data dampening rate-cut hopes. Nifty struggled near 26,000 and may consolidate between 25,500 and 26,000. Analysts advise selective stock picking, with buying interest in select counters despite negative breadth.
VC-backed wealth management startups see revenue rise, losses widen
India's wealthtech startups have raised over $100 million in 2024-25 but most of them remain sub-scale. Startups like Dezerv, Centricity, Wealthy and AssetPlus have mostly clocked net revenue in the range of Rs 30 to 60 crore, with losses having grown in the last one year, despite reporting steady growth in customer acquisition and rise in assets under management.
Groww shares slide nearly 5% after Budget raises STT on F&O trades
Billionbrains Garage Ventures, Groww's parent, saw its shares tumble following the Union Budget's hike in Securities Transaction Tax on futures and options. The increased STT rates, impacting derivatives trading, led to a broad sell-off in brokerage and exchange stocks. While potentially equity-positive long-term, the move could cause short-term portfolio rebalancing.
Groww shares surge 4% on positive brokerage commentary post Q3 results. Should you buy, sell, or hold?
In a surprising twist, Billionbrains Garage Ventures' stock surged on Friday despite a reported profit decline for Q3 of fiscal 2026. The notable increase in revenue, driven by market share expansion, impressed brokerages. Positive sentiments were echoed as Groww fortified its position in both stock and derivatives markets, with SIP inflows witnessing a remarkable uptick.
Groww reports 25% jump in operating revenue at Rs 1,216 crore, but net profit dips 27%
Groww reported an operating revenue of Rs 1,216 crore in the December quarter, up 24.8% from Rs 974 crore a year back. The company’s net profits went down 27% to Rs 547 crore from Rs 757 crore a year prior. In December 2024, the company had posted higher profits as some long term incentives for the company’s leadership were cancelled, clawed back into the company, and reported as gains.
Groww secures online bond distribution licence from Sebi
The listed fintech is steadily expanding its scope of operations to build a full-stack investment portal, which straddles broking to asset management to wealth management services.
Groww shares rebound 6% ahead of Q2 results; here’s what analysts expect
Groww shares: Groww shares saw a strong rebound on Friday, rising 6% ahead of its Q2 earnings announcement. This offers relief after a recent slump. The brokerage sector faces pressure due to lower trading activity and regulatory changes. Despite this, Groww is expected to show stable revenue growth. Its strong user base and efficient operations support its performance.
From challenger to leader: How Groww pipped its rival Zerodha to become India's largest investment platform
Groww has surpassed Zerodha in active user count, capturing a significant market share by targeting first-time investors and underserved cities. Despite this user base advantage, Zerodha maintains a lead in profitability and revenue per user. Both platforms face headwinds from regulatory scrutiny on derivatives trading and increased competition.
Lenskart vs Groww: Which IPO should investors bet on amid valuation chatter and divided opinions?
India's upcoming IPOs from Lenskart and Groww spark a valuation debate. Lenskart, a retail giant, faces scrutiny over its high P/E ratio despite strong revenue, while digital broker Groww, already profitable, offers a scalable, asset-light model. Investors weigh growth potential against valuation concerns and regulatory risks.
Groww IPO: Should investors worry about F&O shake-up and Sebi overhang before subscription?
Fintech firm Groww's upcoming IPO faces uncertainty due to potential Sebi regulations on F&O trading, a key revenue driver. While the company is diversifying into margin trading and wealth management, these newer segments are still small contributors. Analysts suggest regulatory clarity is needed to alleviate investor concerns about short-term earnings volatility.
Groww IPO set to open: Does valuation and GMP leave room for any listing gains?
Groww’s Rs 6,632 crore IPO, one of the year’s biggest fintech listings, draws cautious optimism amid strong fundamentals but steep valuation and regulatory uncertainty could cap near-term listing gains.
Groww Mutual Fund sees 6x surge in AUM post acquiring Indiabulls Asset Management Company
Groww Mutual Fund, a subsidiary of the IPO-bound Groww, has witnessed substantial growth, with its AUM reaching nearly Rs 2,000 crore by May 2025. This marks a sixfold increase from Rs 342 crore since acquiring Indiabulls Asset Management Company in May 2023. Groww's parent company reported a threefold rise in profit, reaching Rs 1,819 crore in FY25.
Groww reports over 300% rise in net profit at Rs 297 crore in FY24: ICRA
India’s largest broking platform by active investors more than doubled its revenue during the fiscal to Rs 2,899 crore. Despite the Tiger Global-backed stock broking platform foraying into the margin trading facility business, which would result in higher dependence on borrowings, Groww’s financial leverage is expected to remain comfortable, said ICRA.
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