{"id":85149,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/adia-backed-groww-recorded-12-net-income-growth-in-2q\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"adia-backed-groww-recorded-12-net-income-growth-in-2q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/24\/adia-backed-groww-recorded-12-net-income-growth-in-2q\/","title":{"rendered":"Adia-backed Groww recorded 12% net income growth in 2Q"},"content":{"rendered":"

India\u2019s largest digital investment platform <\/strong>Groww<\/a><\/strong> \u2014 run by <\/strong>Adia<\/strong>-backed <\/strong>fintech firm <\/strong>Billionbrains Garage Ventures<\/a><\/strong> \u2014 posted a 12% y-o-y rise in consolidated net income <\/strong>to INR 4.7 bn (USD 56.4 mn) for the quarter ending September 2025, according to an earnings release<\/a>. It\u2019s the company\u2019s first quarterly results since it went public earlier this month<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Revenue fell 9.4%<\/strong> y-o-y to INR 10.19 bn (USD 122 mn) from INR 11.25 bn (134.6 mn) in the same quarter last year. Net income rose on the back of lower expenses.<\/p>\n

India\u2019s largest stockbroker? <\/strong>Groww\u2019s active-user base reached 14.8 mn \u2014 making it India's largest stockbroker, the company said in the note. The platform offers equity trading, mutual funds, and fixed-income products targeted at India\u2019s retail investors. <\/p>\n

CEO\u2019s pitches for customer growth: <\/strong>In a message to shareholders, CEO and co-founder Lalit Keshre said the company remains focused on customer growth and product expansion, adding that retention is improving as users adopt more services across the platform. <\/p>\n

\n

Earnings<\/strong> surge for energy retailers-<\/p>\n

Indian<\/strong> oil marketing companies (OMCs) look set to turn in strong results this fiscal year<\/strong>, with operating income projected to jump more than 50% (up to USD 20 per crude barrel) driven by robust marketing margins, according to a note from Crisil Ratings<\/a>. Last fiscal year, the OMCs clocked USD 12 per barrel in operating income. The uptick is backed by stable retail fuel prices and what the agency says should be strong oil prices. <\/p>\n

Stronger revenues will deliver better cashflows <\/strong>to help support what Crisil thinks will be some INR 900 bn (USD 10 bn) in capital expenditures, much of it focused on brownfield expansion and projects catering to domestic demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil retailers operating income boost to fund capex<\/p>\n","protected":false},"author":1,"featured_media":85150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2424],"tags":[2533,2423,2402,2535],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-billionbrains-garage-ventures","tag-earnings-watch","tag-enterpriseam-india","tag-groww","wpautop","entry"],"acf":{"mongo_id":"d868c0fc-2071-4680-9722-b83e99b85eed","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/1761.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adia-backed 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