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Updated · Bloomberg · Apr 20Groww Profits Beat Forecasts but Shares Slip After Earnings
3 articles · Updated · Bloomberg · Apr 20
- Groww's parent, Billionbrains Garage Ventures, reported fourth-quarter profit that exceeded analyst estimates.
- Net income more than doubled to 6.86 billion rupees ($74 million), surpassing the expected 6.6 billion rupees for the March quarter.
- Despite strong earnings, Groww shares fell 1.3% after the results, reversing earlier gains following its post-IPO rally.
Why did Groww's stock fall despite record profits, signaling trouble for other tech stocks? Will the upcoming expiry of Groww's post-IPO lock-in trigger a major stock sell-off? Is Groww's dominance over young investors a sustainable moat or a short-term trend? What is the single biggest regulatory threat facing Groww as India cracks down on fintech? How can Groww monetize its users without alienating the trust of its young customer base?