Overview
- Consolidated revenue rose 25% year on year to Rs 1,216 crore, while net profit was Rs 546.93 crore, down 28% on a high base from a prior long‑term incentive reversal.
- Profit increased 16% sequentially and EBITDA climbed to about Rs 720.8 crore with a margin near 59%, reflecting strong operating momentum.
- The State Street deal combines roughly Rs 381 crore in secondary shares and Rs 199 crore in fresh capital, valuing Groww AMC at about Rs 2,500 crore.
- State Street’s economic stake will be up to 23% with voting rights limited to no more than 4.99%, and the transaction requires regulatory approvals with completion expected in the coming months.
- Shares recovered to end higher after the announcements, as disclosures also showed gains in user activity and market share, including cash equities share rising to about 28.8%.