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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.
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.
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.
EBITDA margin for the quarter remained flat at 59%, which was also the same figure it reported during the September quarter.
Earlier in the day, brokerage firm Citi initiated coverage on Groww, with a "buy" recommendation and a price target of ₹195 per share.
Shares of Billionbrains Garage Ventures are now down to the lows of the day, currently trading 2.8% lower at ₹158.1.
This is breaking news. Please refresh for an updated version.
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.
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.
EBITDA margin for the quarter remained flat at 59%, which was also the same figure it reported during the September quarter.
Earlier in the day, brokerage firm Citi initiated coverage on Groww, with a "buy" recommendation and a price target of ₹195 per share.
Shares of Billionbrains Garage Ventures are now down to the lows of the day, currently trading 2.8% lower at ₹158.1.
This is breaking news. Please refresh for an updated version.
