Integrated Filing — IndAS



General information about company

Scrip Code 544603
NSE Symbol GROWW
MSEI Symbol NOTLISTED
ISIN INE0HOQ01053
Name of company Billionbrains Garage Ventures Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 20-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment App based technology platform
Start date and time of board meeting 20-04-2026   11:00:00
End date and time of board meeting 20-04-2026   12:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,50,536.70 4,64,457.90
Other income 3,016.80 17,129.70
Total income 1,53,553.50 4,81,587.60
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 17,340.00 59,083.30
(e) Finance costs 800.20 4,594.30
(f) Depreciation, depletion and amortisation expense 2,445.50 4,787.20
(f) Other Expenses
1 Other expenses 39,332.20 1,30,734.60
Total other expenses 39,332.20 1,30,734.60
Total expenses 59,917.90 1,99,199.40
3 Total profit before exceptional items and tax 93,635.60 2,82,388.20
4 Exceptional items 0.00 0.00
5 Total profit before tax 93,635.60 2,82,388.20
6 Tax expense
7 Current tax 26,855.10 77,024.00
8 Deferred tax (1,920.90) (3,182.90)
9 Total tax expenses 24,934.20 73,841.10
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 68,701.40 2,08,547.10
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (66.00) (247.10)
16 Total profit (loss) for period 68,635.40 2,08,300.00
17 Other comprehensive income net of taxes 1,031.90 1,800.80
18 Total Comprehensive Income for the period 69,667.30 2,10,100.80
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 68,635.40 2,08,300.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 69,667.30 2,10,100.80
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,24,780.60 1,24,780.60
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 8,40,354.90
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.11 3.47
Diluted earnings (loss) per share from continuing operations 1.09 3.4
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.11 3.47
Diluted earnings (loss) per share from continuing and discontinued operations 1.09 3.4
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.Earnings per equity share in INR (Face Value : INR 2/- per share) disclosed in the statement of financial results is not annualised for quarter periods



Remarks

Debt equity ratio Not applicable for Consolidated Financial results.
Debt service coverage ratio Not applicable for Consolidated Financial results.
Interest service coverage ratio Not applicable for Consolidated Financial results.


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,180.80
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 1,23,874.30
Other intangible assets 16,453.70
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 815.20
Non-current financial assets
Non-current investments 1,89,135.20
Trade receivables, non-current 0.00
Loans, non-current 73,710.60
Other non-current financial assets
1 Other financial assets 3,586.90
Total of other non-current financial assets 3,586.90
Total non-current financial assets 2,66,432.70
Deferred tax assets (net) 4,015.40
Other non-current assets
1 Right of use assets 6,664.90
Total of other non-current assets 6,664.90
Total non-current assets 4,20,437.00
2 Current assets
Inventories 0.00
Current financial asset
Current investments 73,809.30
Trade receivables, current 27,745.70
Cash and cash equivalents 1,16,546.70
Bank balance other than cash and cash equivalents 7,17,337.50
Loans, current 3,51,005.30
Other current financial assets
Total of other current financial assets 1,35,963.60
Total current financial assets 14,22,408.10
Current tax assets (net) 1,155.90
Other current assets
1 Other current assets 10,091.30
Total of other current assets 10,091.30
Total current assets 14,33,655.30
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 18,54,092.30
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,24,780.60
Other equity 8,40,354.90
Total equity attributable to owners of parent 9,65,135.50
Non controlling interest 0.00
Total equity 9,65,135.50
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,454.90
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 4,123.40
2 Other financial liabilities 1,935.20
Total of other non-current financial liabilities 6,058.60
Total non-current financial liabilities 7,513.50
Provisions, non-current 1,812.90
Deferred tax liabilities (net) 3,029.10
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 12,355.50
Current liabilities
Current financial liabilities
Borrowings, current 20,946.20
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 265.30
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8,05,466.70
Total Trade payable 8,05,732.00
Other current financial liabilities
1 Lease Liabilities 2,698.00
2 Other financial liabilities 16,635.60
Total of other current financial liabilities 19,333.60
Total current financial liabilities 8,46,011.80
Other current liabilities 27,466.40
1 Other current liabilities 27,466.40
Total of other current liabilities 27,466.40
Provisions, current 844.90
Current tax liabilities (Net) 2,278.20
Deferred government grants, Current 0.00
Total current liabilities 8,76,601.30
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 8,88,956.80
Total equity and liabilites 18,54,092.30
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 1. In terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, the above consolidated financial results were reviewed and recommended by the Audit committee on 20 April 2026 and approved by the Board of Directors at its meeting held on 20 April 2026. The reports of the statutory auditors are unqualified. 2. The consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standard Rules), 2015 (as amended) and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (Listing Regulations). 3. The figures for the quarter ended 31 March 2026 and 31 March 2025, represents the differences between the audited financials results for the year ended 31 March 2026 and 31 March 2025 and the unaudited year-to-date results upto 31 December 2025 and 31 December 2024 respectively. 4. During the quarter ended 31 March 2026, the Company allotted 100,000,000 equity shares (including 62,320,847 bonus shares) having a face value of INR 2/- each to Groww Employee Welfare Trust (“Trust”) for further issuance to employees under Employee Stock Option Scheme 2024 (formerly known as Billionbrains Garage Ventures Private Limited Employee Stock Option Scheme 2024. 5. During the quarter ended 31 March 2026, the Trust has transferred 17,980,291 equity shares of INR 2/- each pursuant to the exercise of stock options under the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024 (formerly known as Billionbrains Garage Ventures Private Limited Employee Stock Option Scheme 2024). 6. During the year ended 31 March 2026, the Company has completed an initial public offering (IPO) of 663,230,051 equity shares with a face value of INR 2 each at an issue price of INR 100/- per share, comprising fresh issue of 106,000,000 shares and an offer for sale of 557,230,051 shares. The Company’s equity shares were listed on the National Stock exchange of India Limited (NSE) and BSE Limited (BSE) on 12 November 2025. The Company has received an amount of INR 10,159.84 million (net off IPO expenses of INR 440.16 million) from proceeds out of fresh issue of equity shares. The company has utilized 3,710.93 million out of 10,159.84 million received, hence unutilized procees is 6448.91 million as on 31st March 2026. 7. The Group does not distinguish revenues, costs and expenses between segments in its internal reporting, and report costs and expenses by nature as a whole. The Board of Directors (Chief Operating Decision Maker (CODM)) reviews the Consolidated Financial information when making decisions about allocating resources and assessing performance of the Group as a whole and hence, the Group has only one reportable segment. The Group operates and manages its business as a single segment mainly through the sale of financial services through web & app based technology platform. The Group operates in one geographic segment namely within India and hence no separate information for geographic segment wise disclosure is required. 8. On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and recorded the incremental impact of these changes amounting to INR 38.25 million. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 9. On 16 May 2025, Billionbrains Garage Ventures Limited (formerly known as Billionbrains Garage Ventures Private Limited) entered into share purchase agreement to acquire 100% shareholding in Finwizard Technology Private Limited. The said transaction obtained necessary regulatory and other approvals by 09 September 2025 pursuant to which the Company had the total consideration amounting to INR 9,610.50 Million by 03 October 2025. 10. The Company has executed a Share Subscription and Share Purchase Agreement (SSPA) among the Company, Groww Asset Management Limited (Groww AMC), and State Street Global Advisors, Inc. (SSGA) in relation to an investment in Groww AMC. Pursuant to the SSPA, SSGA has agreed to invest up to INR 5,800.27 million for a primary subscription of shares and secondary purchase. The Company received approval from the Competition Commission of India (CCI) on 25 March 2026. Following this approval, the Company subscribed to compulsory convertible preference shares in Groww AMC totaling INR 2,820.13 million. Further, an application has been filed with the Securities and Exchange Board of India (SEBI) for regulatory approval. 11. The audited consolidated results for the quarter and year ended 31 March 2026 are available on the Company's website at www.groww.in and also on the website of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com, where the shares of the Company are listed.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The Group does not distinguish revenues, costs and expenses between segments in its internal reporting, and report costs and expenses by nature as a whole. The Board of Directors (Chief Operating Decision Maker (CODM)) reviews the Consolidated Financial information when making decisions about allocating resources and assessing performance of the Group as a whole and hence, the Group has only one reportable segment. The Group operates and manages its business as a single segment mainly through the sale of financial services through web & app based technology platform. The Group operates in one geographic segment namely within India and hence no separate information for geographic segment wise disclosure is required.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gains/(losses) on defined employee benefit plans 75.80 (97.30)
2 Remeasurement gains on investment carried at fair value 1,131.20 2,179.90
Total Amount of items that will not be reclassified to profit and loss 1,207.00 2,082.60
2 Income tax relating to items that will not be reclassified to profit or loss 195.20 301.60
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve 20.10 19.80
Total Amount of items that will be reclassified to profit and loss 20.10 19.80
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 1,031.90 1,800.80



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,82,388.20
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4,352.40
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (21,211.80)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,894.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (2,72,120.10)
Adjustments for other bank balances (3,01,358.40)
Adjustments for increase (decrease) in trade payables, current 3,40,000.50
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 23,299.40
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 4,787.20
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 14,005.70
Adjustments for provisions, current 588.70
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 9,370.20
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 10,903.60
Adjustments for share-based payments 7,937.80
Adjustments for fair value losses (gains) (6,072.30)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (2,11,218.30)
Net cash flows from (used in) operations 71,169.90
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 73,230.20
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (2,060.30)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 95,074.80
Other cash receipts from sales of equity or debt instruments of other entities 86,000.00
Other cash payments to acquire equity or debt instruments of other entities 90,820.30
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 13.00
Purchase of property, plant and equipment 1,207.90
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 20,000.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 7,612.60
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (61,593.40)
Net cash flows from (used in) investing activities (1,35,070.80)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 2,73,663.70
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,300.00
Repayments of borrowings 41,746.60
Payments of lease liabilities 2,179.80
Dividends paid 0.00
Interest paid 4,378.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (12,111.20)
Net cash flows from (used in) financing activities 2,17,547.20
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 80,416.10
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 19.80
Net increase (decrease) in cash and cash equivalents 80,435.90
Cash and cash equivalents cash flow statement at beginning of period 36,110.80
Cash and cash equivalents cash flow statement at end of period 1,16,546.70





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s B S R & Co. LLP Yes 31-07-2028