Read more about the article Groww’s Revenue Soars 119% To Reach Rs 3,145 Crore in FY24
Business / Technology

Groww’s Revenue Soars 119% To Reach Rs 3,145 Crore in FY24

Stockbroking firm Groww reported a 119% revenue jump to Rs 3,145 crore for FY24. Despite this growth, the company faced a net loss of Rs 805 crore because of a one-time tax payment after moving its headquarters to India. Groww still posted an operating profit of Rs 535 crore, showing it can be profitable in its core business. The company is also expanding its services, attracting over 10 million active investors.

By Avi G
October 24, 2024
Read more about the article PhonePe Revenue Jumped By 74%
Technology

PhonePe Revenue Jumped By 74%

Key Highlights - PhonePe’s revenue jumped by 74%, reaching INR 5,064 Cr in FY24, up from INR 2,914 Cr in FY23.- The company reported an adjusted profit after tax (PAT) of INR 710 Cr for FY24, turning around from a loss of INR 194 Cr in FY23.- PhonePe claimed a net adjusted profit after tax of INR 197 Cr for FY24, reversing a huge loss of INR 738 Cr from the previous year.- Their popular UPI app now has over 550 million…

By Vishal Kumar
August 26, 2024

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