Groww Q2 FY27 earnings call transcript filed with exchanges

Mgmt Guided Margin PressureMgmt Evaded Key QuestionInvestor Communications View source PDF Explain this filing

GROWW · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹200.10

prior close

₹200.85

announcement price

After-mkt

timing

Nifty Midcap 150market-1.1%+0.1% vs market

Stockbroking & Allied peers, median of 38sector-1.4%+0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.4 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.2

15m

+0.1

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-1.1+0.1-1.4+0.4

Next day

-5.0-2.5-2.6-3.3-1.7

-6.4-3.3-3.1-4.6-1.8

-9.3-5.3-4.1-6.6-2.8

-7.8-4.3-3.5-7.4-0.4

-6.9pendingpending-4.4-2.4

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15d

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UpDownMarket · Nifty Midcap 150Sector · Stockbroking & Allied peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Transcript of Groww Q2 FY27 earnings call filed. Cost to Grow fell as IPL spend was absent, while Cost to Serve rose due to AI costs, higher compute and a one-time INR 10-13 crore hit from a delayed expiry day file. MTF book adding INR 600-700 crores per quarter. On SEBI's CAS proposal, volumes expected to normalize once applied. US stocks product in early testing. NSE active share about 23-24 percent versus 15 percent cash and 11 percent F&O.

Likely market impact

Investors gain clarity on cost drivers, MTF growth, regulatory impact and product expansion plans. No major new financial guidance given.