Groww adds 115,000 active clients while broking industry loses 257,000 in June quarter - The Economic Times

Billionbrains Garage Ventures, Groww’s listed parent, reported a 94% year-on-year increase in net profit to Rs 735 crore for the April-June quarter. Revenue from operations rose 66% to Rs 1,501 crore. The company said additions of new transacting users remained low during the quarter, partly because of weaker capital-market activity, particularly in initial public offerings and exchange-traded funds.

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