Whalesbook
Shares of Billionbrains Garage Ventures Ltd., the parent company of trading platform Groww, rose more than 5% on Friday following its maiden earnings report since listing. The company reported a net profit of ₹471.3 crore for the September quarter, a 12% increase year-on-year. Despite a 9.5% dip in revenue from operations, EBITDA improved by 9.7% and margins expanded significantly to 59.3%. This performance follows recent volatility in Groww's stock, which had seen a sharp decline after an initial surge.