SynopsisGroww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and 56.4% a year earlier. The contribution from its margin trading facility (MTF) rose to 8%, while commodities grew by 4.9%, helping the company reduce its dependence on equity futures and options.Net profit for April-June quarter nearly doubled for Billionbrains Garage Ventures, which operates wealthtech platform Groww, with a 94% year-on-year increase to Rs 735 crore riding on higher contribution from margin trading and commodity derivatives.Revenue from operations rose to Rs 1,501 crore from Rs 904 crore a year earlier. Sequentially, however, total income was largely flat, down 0.3%, while profit increased 6% from the March quarter,Now Playing
Groww Q1 profit nearly doubles to Rs 735 crore; MTF, commodities gain share - The Economic Times
Groww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and 56.4% a year earlier. The contribution from its margin trading facility (MTF) rose to 8%, while commodities grew by 4.9%, helping the company reduce its dependence on equity futures and options.
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