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