Investment platform Groww reported a 94% rise in net profit for the first quarter of the current fiscal, while revenues rose 66% during this period.
This strong performance aided the company's share price to rise by 5%.
Net profit for the first quarter of FY27 was Rs 735 crore, compared to Rs 378 crore in the similar period a year ago.
Revenue was Rs 1,501 crore compared to Rs 904 crore a year ago.
The company noted that this performance was supported by focus on product quality, user experience and trust, resulting in better user retention rates than the industry.
