Groww's net profit surges more than three times to Rs 1,819 crore in FY25

Groww staged a remarkable financial performance for the financial year ended March 31, registering a net profit of Rs 1,819 crore for the financial year 2024-25. The net profit marked a whopping year-on-year jump of more than three times compared with the previous a year, according to people privy to the development.

Groww, the country’s largest broker by active investors, logged revenue of Rs 4,056 crore for the financial year, an increase of 31 per cent, they said.

For the financial year ended March 31, 2024, the financial services company had logged a net profit of Rs 535 crore with revenue of Rs 3,145 crore.

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When contacted, Groww declined to comment on the matter.

Groww, which provides a wide range of financial products including mutual funds, competes with the likes of Zerodha and Upstox in the domestic online discount broking market.

Groww's IPO ambitions and more

Last month, Groww filed draft papers with market regulator SEBI to float an initial public offer (IPO).

Groww's IPO application is through the confidential pre-filing route, which enables a company to withhold public disclosure of details under its draft red herring prospectus (DRHP).