{"id":"f-e550251d2f-c93df4bb-3371-5957-a384-6f0bbb050bcf","title":"Groww Q3 Results: Stock falls on flat margins, other key metrics awaited","description":"Earlier in the day, brokerage firm Citi initiated coverage on Groww, with a \"buy\" recommendation and a price target of ₹195 per share.","timestamp":1768379761,"category":"business","headline":"Groww Q3 Results: Stock falls on flat margins, other key metrics awaited","modifiedHeadline":"Groww's Stock Drops on Flat Q3 Margins","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"Billionbrains Garage Ventures' shares declined after its December quarter results despite a net profit increase of 16% to ₹547 crore and revenue growth of 19.4% to ₹1,216 crore. Citi initiated coverage with a \"buy\" recommendation, but shares fell 2.8% to ₹158.1.","summary":"Groww's stock dips amidst flat margins, investors await key Q3 metrics. Citi initiates coverage with a \"buy\" rating, targetting ₹195.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-c93df4bb-3371-5957-a384-6f0bbb050bcf","sourceUrl":"https://www.cnbctv18.com/market/groww-q3-results-billionbrains-garage-ventures-share-price-aum-margin-growth-demat-adto-19820817.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/T8nDNcmA2Jw0.webp","content":"Shares of Billionbrains Garage Ventures Ltd. fell on Wednesday, January 14, in response to its December quarter results. The stock is witnessing volatile moves after the announcement.\n\n
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\n Net profit for the period increased by 16% on a sequential basis to ₹547 crore from ₹471 crore in September. Its revenue grew by 19.4% on a quarter-on-quarter basis to ₹1,216 crore from ₹1,019 crore.\n
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\n Groww's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 19% to ₹720.3 crore from ₹604 crore in the September quarter.\n
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\n EBITDA margin for the quarter remained flat at 59%, which was also the same figure it reported during the September quarter.\n
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\n Earlier in the day, brokerage firm Citi initiated coverage on Groww, with a \"buy\" recommendation and a price target of ₹195 per share.\n\n
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\n Shares of Billionbrains Garage Ventures are now down to the lows of the day, currently trading 2.8% lower at ₹158.1.\n
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","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Billionbrains Garage Ventures stock fell after Q4 results, despite profit jump.","Revenue up 19.4% to ₹1,216 cr; EBITDA increased 19% to ₹720.3 crore.","Citi initiates \"buy\" rating with ₹195 target; stock down 2.8% to ₹158.1."],"tags":["Groww","Q3Results","StockMarket","Citi","BillionbrainsGarageVentures","EBITDA","NetProfit","Revenue","StockAnalysis","Investment","BrokerageFirm","SharePrice"],"consent":true,"redirectionEnabled":false}

Groww Q3 Results: Stock falls on flat margins, other key metrics awaited

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