GROWW Q1 FY27 Results: Profit up 94% YoY to ₹735 Crore; Approves Capital Reclassification
Billionbrains Garage Ventures Limited reported a consolidated profit of ₹735.04 crore for Q1 FY27, up 94% YoY. Standalone profit was ₹555.14 crore. The Board approved reclassification of authorised share capital and appointed Ernst & Young LLP as Internal Auditor. IPO fund utilization shows no deviation.
The substantial profit growth and key corporate actions like capital reclassification and auditor appointment are material events that can significantly influence investor perception and stock performance.
The company reported significant year-on-year growth in both consolidated and standalone profits, along with positive developments like the appointment of a new internal auditor and a clean statement on IPO fund utilization.
Billionbrains Garage Ventures Limited (GROWW) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a consolidated profit after tax of ₹735.04 crore, a significant increase of 94% compared to ₹378.35 crore in the same quarter last year. Consolidated total income rose to ₹1,548.67 crore from ₹948.47 crore year-on-year.
On a standalone basis, the company's profit after tax for the quarter was ₹555.14 crore, up from ₹305.92 crore in the corresponding quarter of the previous year. Standalone total income increased to ₹1,053.69 crore from ₹664.78 crore.
The Board of Directors also approved the reclassification of the company's authorised share capital from ₹5,000 crore to ₹5,000 crore, involving an alteration in the capital clause of the Memorandum of Association, subject to shareholder approval. Additionally, M/s. Ernst & Young LLP has been appointed as the Internal Auditor for the Financial Year 2026-27, replacing the existing auditor upon completion of their term. The Board meeting commenced at 10:30 a.m. (IST) and concluded at 11:15 a.m. (IST) on July 15, 2026.
The company also provided a statement on the utilization of IPO proceeds, indicating no deviation in the utilization of funds raised, with ₹862.29 crore utilized out of the total ₹1,015.98 crore net proceeds as of June 30, 2026. The remaining unutilised amount stands at ₹153.69 crore.
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See the model portfoliosA plain-language summary of a public exchange filing by Billionbrains Garage Ventures Limited. Read the original for the full detail.