Billionbrains Garage Ventures Q2 profit rises 54% YoY
Mumbai, Oct. 14 -- Profit declined 1.28% quarter-on-quarter from Rs 735.04 crore in Q1 FY27.
Revenue from operations increased 47.39% YoY to Rs 1,501.53 crore from Rs 1,018.74 crore. It was nearly flat sequentially from Rs 1,501.42 crore.
Consolidated EBITDA increased 60% YoY to Rs 969 crore. Total transacting users increased 27% YoY to 2.4 crore, and total customer assets grew 46% to Rs 3.9 lakh crore.
Net interest income grew 48.54% YoY to Rs 1,496.82 crore from Rs 1,007.71 crore. It increased 0.18% QoQ from Rs 1,494.11 crore.
Profit before tax stood at Rs 983.86 crore in Q2 FY27, down 0.85% vs previous quarter and up 54.29% vs year-ago quarter.
The company said its consolidated expenses increased 29% YoY. It attributed the rise in...
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