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Groww Q2 Results: Cons net profit surges 54% YoY to Rs 726 crore; revenue jumps 47%

Groww moved higher in a quarterly results development.

· ET Stocks, Economic Times Markets, BS Companies

Groww Q2 Results: The company’s revenue from operations came in at Rs 1,501 crore, marking a 47% increase from Rs 1,019 crore posted in the corresponding quarter of the previous financial year.

Groww reported Rs 726 crore, Rs 1,501 crore and Rs 1,019 crore, with movement of 54% and 47% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -0.6% on the day at ₹192.63, and has returned -5.5% over three months. It sits 13% below its 52-week high. The capital markets sector has moved -5.3% over the same period, so Groww is running 0.2 points behind its peers.

For Groww, the question is how much of this is already reflected in the price and how much re-rates the capital markets peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is GROWW.
  • Sector exposure: Capital Markets, Financial Services.
  • The immediate tone of coverage reads positive.
GROWWCapital MarketsFinancial Services