Billionbrains Garage Ventures Q1 FY27: Income up 63.3% to ₹1,473 Cr, PAT up 94.3% to ₹686 Cr
Billionbrains Garage Ventures reported Q1 FY27 results with Total Income at ₹1,473 Cr (+63.3% YoY) and PAT at ₹686 Cr (+94.3% YoY). The company added 115k net clients and saw strong growth in Mutual Funds SIP inflows (+32% YoY). Groww AMC's AUM grew ~140% YoY. State Street Global Advisors invested in Groww AMC.
The substantial year-on-year growth in revenue and profit, coupled with strategic partnerships and a significant increase in Assets Under Management for Groww AMC, indicates a material positive impact on the company's financial health and market position.
The company reported strong year-on-year growth in both total income and profit after tax, along with significant increases in key operational metrics like client acquisition and mutual fund SIP inflows. The strategic investment by State Street Global Advisors and the growth in Groww AMC also contribute positively.
Billionbrains Garage Ventures Limited (formerly Billionbrains Garage Ventures Private Limited) has announced its financial results for the first quarter of Fiscal Year 2026-27 (Q1 FY27). The company reported a consolidated Total Income growth of 63.3% year-on-year, reaching ₹1,473 crore. Profit After Tax (PAT) saw a significant increase of 94.3% year-on-year, amounting to ₹686 crore. This growth was attributed to strong performance in newer products like MTF and Commodity Derivatives, alongside operating leverage across cost buckets, resulting in an expanded PAT margin of 47.5% (a 7.6 percentage point increase year-on-year).
The company also highlighted its continued market leadership across various categories. They added 115,000 net clients during the quarter, despite an industry-wide slowdown, attributing this to higher retention and superior product quality. In Mutual Funds, Billionbrains Garage Ventures remains the largest distribution platform for direct mutual funds in India, with ₹1.9 lakh crore of direct MF AUM and a 32% year-on-year growth in SIP inflows, double the industry's 16%. In Stocks, risk controls implemented resulted in a retail market share decrease to 15.1% quarter-on-quarter, though it was 3.3 percentage points higher year-on-year. In Commodity Derivatives, they have scaled to a 28.6% retail market share in Notional ADTO across MCX & NSE.
The company is also leveraging AI across its operations to improve product shipping velocity and customer service. They have launched an AI-powered mutual fund advisory product, ‘MF Prime’. The company's Loans against Securities (LAS) product anchored the growth in consumer credit, now representing over a third of their on-book disbursements. Groww AMC is also scaling rapidly, with approximately 140% growth in AUM over the last year, and has received SEBI and CCI approval for a strategic investment by State Street Global Advisors.
In Q1 FY27, MTF and Commodity Derivatives saw increased contributions to revenue, with MTF up 1.1 percentage points quarter-on-quarter and Commodity Derivatives up 0.4 percentage points quarter-on-quarter. The company expects this trend of revenue diversification away from Equity Derivatives to continue. Despite a market-wide decline in net new active clients, Billionbrains Garage Ventures added 115,000 net active clients, attributing this to a focus on product quality, user experience, and trust, leading to better retention rates. Improved risk controls, such as tightening limits across MTF and Intraday, somewhat restrained market share growth in Stocks and MTF, but Stock ADTO still increased 48.0% year-on-year, and the MTF book grew 264.4% year-on-year. The Commodity Derivatives business has seen significant user adoption, with 435,000 active users and a Notional ADTO retail market share of 28.6%. The credit business, particularly LAS, continues to grow, now accounting for 18.5% of the total book, up from 13.5% last quarter, with LAS contributing 35.0% of disbursements through GCS.
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