Billionbrains Garage Ventures544603Quarterly results
Board approves unaudited results for quarter and half year ended Sep 30, 2026; promoter reclassification
Board meeting outcome (Oct 14, 2026).
By ScoutQuest · · 3 min read
4.85%SSGA voting rights in Groww AMC
- Revenue from Operations (Consolidated) H1 FY27
- 3,002.95 crore
- Profit for the Period (H1 FY27)
- 1,459.74 crore
- Auditor Limited Review Conclusion
- unmodified conclusion
The board met on October 14, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The meeting commenced at 10:45 a.m. IST and concluded at 12:35 p.m. IST.
Auditor's review
- The limited review report on the consolidated results came from M/s. B S R & Co. LLP, Chartered Accountants, and carries an unmodified conclusion.
Promoter group reclassification
- The board approved the requests received for reclassification of certain promoter group members from the "Promoter Group" category to the "Public" category.
- This is subject to receipt of necessary approvals as prescribed under Regulation 31A of the SEBI Listing Regulations.
- The company states it is in the process of making the necessary applications and submissions with the stock exchanges.
Numbers from the results (consolidated; all amounts in INR Crores)
- Revenue from operations: 1,501.53 for the quarter ended 30 September 2026 and 3,002.95 for the six months ended 30 September 2026, against 1,018.74 and 1,923.14 respectively in the corresponding earlier periods.
- Profit for the period: 724.70 for the quarter and 1,459.74 for the six months, against 471.34 and 849.69 respectively.
- Total income: 1,540.54 for the quarter and 3,089.21 for the six months.
- Basic earnings per share (face value INR 2 each): 1.17 for the quarter and 2.36 for the six months.
- Total assets as at 30 September 2026: 19,792.01 Crores; total equity 11,655.80 Crores.
- Net cash used in operating activities for the six months ended 30 September 2026: 827.73 Crores.
IPO and use of proceeds
- The IPO comprised a fresh issue of 10,60,00,000 equity shares and an offer for sale of 55,72,30,051 equity shares, face value INR 2 each, at an issue price of INR 100 per share.
- The company received INR 1,015.98 Crores net of IPO expenses of INR 44.02 Crores.
- Utilisation up to 30 September 2026 was 1,014.99 Crores, leaving 0.99 Crores unutilised.
- Object-wise use: expenditure towards cloud infrastructure 152.50; brand building and performance marketing activities 225.00; investment in material subsidiary Groww Creditserv Technology Private Limited 205.00; investment in material subsidiary Groww Invest Tech Private Limited 167.50; funding inorganic growth through unidentified acquisitions and general corporate purposes 265.98.
Acquisitions, subsidiary arrangements and other notes
- On 16 May 2026 the company entered into a share purchase agreement to acquire 100% shareholding in Finwizard Technology Private Limited, with total consideration of INR 961.05 Crores; the purchase price allocation includes goodwill of 922.05 Crores.
- On 14 January 2026 the company executed a Share Subscription and Share Purchase Agreement with Groww Asset Management Limited and State Street Global Advisors, Inc.; the transaction was completed on 04 August 2026. SSGA holds voting rights aggregating to 4.85% and an economic interest aggregating to 22.94% of the fully diluted share capital of Groww AMC.
- The board noted a Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013 among wholly-owned/step-down subsidiaries, with an appointed date of 01 April 2027.
- During the quarter ended 30 September 2026, the Groww Employee Welfare Trust transferred 69,42,882 equity shares of INR 2 each to the Employee Stock Option Scheme 2024.
- The Group operates as a single reportable segment and manages its business as a single segment.
What the update shows
- A set of reviewed quarterly and half-yearly consolidated numbers, a decision on promoter group reclassification, and details of how IPO proceeds have been applied. If the reclassification becomes effective, the categorisation of certain shareholders in shareholding disclosures would change from Promoter Group to Public.
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More numbers
- Revenue from operations, consolidated, six months ended 30 Sep 20263,002.95 crore
- Profit for the period, consolidated, six months ended 30 Sep 20261,459.74 crore
- Profit for the period, consolidated, quarter ended 30 Sep 2026724.70 crore
- Total assets, consolidated, as at 30 September 202619,792.01 crore
- Amount received from IPO, net of IPO expensesINR 1,015.98 Crores
- Fresh issue of equity shares in IPO10,60,00,000
- Total consideration for Finwizard Technology Private LimitedINR 961.05 Crores
- SSGA voting rights in Groww AMC4.85%
Source: BSE · 14 Oct 2026
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