Groww Q1 Results: Net profit spikes 94% YoY to Rs 735 crore; revenue jumps 66%

Groww reported a strong Q1 with net profit surging 94 percent year-on-year to Rs 735 crore and revenue rising 66 percent to Rs 1,501 crore. EBITDA jumped 101 percent YoY to Rs 971 crore, driven by traction in MTF and commodity derivatives, and SIP inflows grew 32 percent YoY against the industry growth of 16 percent. Shares of the company climbed 5.3 percent to Rs 215 on the BSE following the results announcement.