Groww Q4 Review: Brokerages See More Upside Potential — Check Revised Target Prices Groww, the stock broking platform under parent company Billionbrains Garage Ventures Ltd, reported strong fourth-quarter results that have prompted brokerages to revise their target prices and outlook. The company’s revenue surged 22% quarter-on-quarter to Rs 1,536 crore, up from Rs 1,261 crore in the previous quarter. Net profit also grew significantly, rising 26% to Rs 686 crore compared to Rs 547 crore in the same period last year. These figures exceeded market expectations, leading analysts to adjust their forecasts and express renewed confidence in the platform’s growth trajectory. Following the results, most brokerages have shifted their stance toward a more positive outlook. UBS, for instance, maintained a Neutral rating but raised its target price to Rs 210 from Rs 185. The brokerage attributed this optimism to strong growth driven by operating leverage and increased market share. UBS also highlighted the company’s robust product metrics and noted that its expanding wealth management platform provides strategic flexibility, even as margins remain balanced due to continued investments offset by cost discipline. Jefferies and Citi took a more bullish approach, both reiterating their Buy ratings while increasing their target prices. Jefferies raised its target to Rs 225 from Rs 210, citing a 6% beat in profit after tax (PAT) driven by higher revenues from commodity trading and margin trading facilities (MTFs). The brokerage emphasized that new initiatives are already contributing to performance improvements and pointed to further upside potential. Citi, meanwhile, lifted its target to Rs 230 from Rs 225, praising the company’s steady execution of its wealth and product diversification strategy.#ubs #jefferies #groww #billionbrains_garage_ventures_ltd #citi
