Groww's FY24 consolidated revenues more than double to Rs 3,145 Cr

Quick Summary:

The brokerage reported a net loss of Rs 805 crore for FY24, primarily due to a one-time tax expense of Rs 1,340 crore related to the company’s recent move to domicile in India.

Billionbrains Garage Ventures Private Limited (BGV), which operates the GIT platform, had a net worth of Rs 2,224 crore as of March 31, 2024, according to a research note by credit rating agency ICRA.

The company has significantly expanded its client base since FY2022, driven by favorable market trends and a growing wave of retail investors.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Fy24 Crore 2024 Brokerage Reported Year Revenues Groww India Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 09:41:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 312 words

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Sentences: 20 lines

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