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Groww's flagship stockbroking unit reported a significant increase in financial performance for FY24. The company's net operating income surged by 124% to Rs 2,900 crore, while net profit rose to Rs 298 crore. Groww, India's largest broker by the number of customers, saw its profit after-tax increase fourfold to $36 million. Approximately 75-80% of its revenues come from derivative trading. The company had close to 1.2 crore active investors as per the National Stock Exchange data. Groww Invest-Tech Private Limited posted an impressive 2.4X growth in its operating revenue during the fiscal year ended March 2024.
Stock broking startup @DhanHQ clocks maiden profits of Rs 155 crore in FY24; #revenue jumps 600% on year The Mumbai-based startup, reported a net #profit of Rs 155 crore compared to a net loss of Rs 22 crore in the previous fiscal. By @PratikBhakta_89 https://t.co/aACHJnUxS8
Startup Central | AstroTalk: Net profit rises 10-fold to ₹94 cr From financials, expansion plans to key trends of online astrology industry, Anmol Jain of @AstrotalkApp shares insights @avannedubash https://t.co/HCietNLNez
Classplus revenue spikes 2X to Rs 260 Cr in FY24; cuts losses by 57%: While many edtech posterboys experienced flat or no growth in FY24, B2B edtech firm Classplus seems to have found stable revenue streams by empowering educators… https://t.co/5Sr6p91gjs #startupnews #startups