CosmicTaco

Groww's Stockbroking Revenues Soar 124% to $346M in FY24

CosmicTaco · 2024-10-02T10:29:52.328866+05:30

- Groww's stockbroking unit's net operating income rose by 124% to $346 million in FY24. - Profit after-tax increased fourfold from Rs 73 crore to Rs 299 crore. - Futures and options trading generate 75-80% of Groww Invest Tech’s income. - Groww was ranked 1st in terms of NSE active clients as of August 2024, with a market share of ~25%. - Groww is diversifying into mutual funds, lending, and digital payments to reduce overdependence on trading. Source: [The Arc](https://thearcweb.com/article/groww-stock-broking-revenues-zerodha-lalit-keshre-1CEpU1b7jeklBYsi)

Groww's stockbroking unit's net operating income rose by 124% to $346 million in FY24.
Profit after-tax increased fourfold from Rs 73 crore to Rs 299 crore.
Futures and options trading generate 75-80% of Groww Invest Tech’s income.
Groww was ranked 1st in terms of NSE active clients as of August 2024, with a market share of ~25%.
Groww is diversifying into mutual funds, lending, and digital payments to reduce overdependence on trading.

Source: The Arc