Groww has completed the newspaper publication of its audited financial results for the quarter and year ended March 31, 2026, fulfilling its regulatory disclosure requirements under SEBI regulations.

Regulatory Compliance and Publication Details

Billionbrains Garage Ventures Limited published its audited financial results in two newspapers as mandated by regulatory requirements:

The company communicated these publications to both BSE Limited (Scrip code: 544603) and National Stock Exchange of India Ltd. (Symbol: GROWW) through formal notifications to their respective listing departments.

Board Approval and Results Availability

The Board of Directors approved the audited standalone and consolidated financial results at their meeting held on April 20, 2026. Company Secretary and Compliance Officer Roshan Dave signed the regulatory communication, ensuring compliance with listing obligations.

The financial results are accessible through multiple channels:

• Company website at www.groww.in under investor relations
• Direct link: https://groww.in/investor-relations/performance/quarterly-results
• QR code provided in the newspaper publications

Corporate Information

Billionbrains Garage Ventures Limited, formerly known as Billionbrains Garage Ventures Private Limited, operates from its registered office at Vaishnavi Tech Park, South Tower, 3rd Floor, Survey No.16/1 and 17/2, Ambalipura Village, Varthur Hobli, Bellandur, Bangalore. The company can be reached at +91 80-69601300 and corp.secretarial@groww.in .

The publication represents the company's commitment to transparency and regulatory compliance, ensuring shareholders and stakeholders have access to comprehensive financial information for the fiscal year 2026.

Billionbrains Garage Ventures, the parent company of popular investment platform Groww, has received an upgraded target price from global investment firm Jefferies, reflecting strong quarterly performance and promising business fundamentals.

Jefferies Upgrades Target Price

Jefferies has raised its target price for the company to ₹225 from the previous ₹210 while maintaining a Buy recommendation. The upgrade comes on the back of the company's robust Q4 performance that exceeded analyst expectations.

Strong Q4 Financial Performance

The company delivered a notable 6% profit after tax (PAT) beat in Q4, demonstrating strong operational execution and revenue growth across key business segments.

Key Revenue Drivers

The quarterly outperformance was primarily driven by higher revenues from two critical business segments:

• Commodity Trading: Enhanced revenue contribution from commodity trading operations
• Margin Trading Facility (MTF): Increased income from margin trading services offered to customers

These revenue streams have demonstrated the company's ability to diversify its income sources and capitalize on market opportunities.

Strategic Business Strengths

Jefferies highlighted several competitive advantages that support the positive outlook:

• Strong New Initiatives: The company has successfully launched and executed new business initiatives
• Enhanced Resilience: Demonstrated better operational resilience in challenging market conditions
• Improved Cross-sell Capability: Enhanced ability to offer multiple products and services to existing customers
• Superior Profitability: Outperformed industry peers in terms of profitability metrics

These factors collectively position the company for sustained growth and market leadership in the digital investment platform space.