Groww registered a net profit of Rs 1,819 crore for the financial year 2024-25, marking a year-on-year jump of more than three times, according to people privy to the development.
Groww, the country’s largest broker by active investors, logged revenue of Rs 4,056 crore for the financial year, marking an increase of 31 per cent, they said.
For the financial year ended March 31, 2024, the financial services company had logged a net profit of Rs 535 crore with revenue of Rs 3,145 crore.
Groww, which provides a wide range of financial products including mutual funds, competes with the likes of Zerodha and Upstox iin the domestic online discount broking market.
At the time of publishing this report, queries sent to Groww remained unanswered.
Groww’s IPO ambitions and more
Last month, Groww filed draft papers with market regulator SEBI to float an initial public offer (IPO).
Groww’s IPO application is through the confidential pre-filing route, which enables a company to withhold public disclosure of details under its draft red herring prospectus (DRHP).
The company has said that the pre-filing DRHP does not guarantee it will go ahead with the IPO.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
