Billionbrains Garage Ventures Limited Q2 FY27 earnings call summary

Earnings call of 14 Oct 2026, summarised by AI from the filing.

Groww's Q2 FY27 Cost to Serve rose on AI and compute costs and a ₹10-13 cr one-time hit, while Cost to Grow fell as IPL spend did not recur.

Key takeaways

1. Cost to Serve Higher on AI-related cost, higher compute cost from more trading days, and a one-time hit of ₹10-13 cr from delayed files on an expiry day.
2. Cost to Grow ₹400-500 cr a year; ₹500 cr plus in a good year, closer to ₹400 cr in a bad year.
3. Cost to Grow Lower this quarter because the IPL branding event cost from last quarter did not recur.
4. MTF book Volatile as stocks move; on average ₹600-700 cr added on a quarterly basis.
5. Cost to Serve Higher on AI-related cost, higher compute cost from more trading days, and a one-time hit of ₹10-13 cr from delayed files on an expiry day.

Original filing on BSE

Billionbrains Garage Ventures Limited Q2 FY27 results

As filed: Revenue ₹1,502 cr (+47% year on year), EBITDA ₹969 cr (+60% year on year), PAT ₹725 cr (+54% year on year), EBITDA margin 64.5% (+523 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q1 FY27: Revenue ₹1,501 cr, EBITDA ₹971 cr, PAT ₹735 cr, EBITDA margin 64.7%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,501 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −3.7% in 30 days (Nifty 500: +1.7%).
• Q4 FY26: Revenue ₹1,505 cr, EBITDA ₹939 cr, PAT ₹686 cr, EBITDA margin 62.4%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,505 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −5.0% in 30 days (Nifty 500: −1.3%).
• Q3 FY26: Revenue ₹1,216 cr, EBITDA ₹721 cr, PAT ₹547 cr, EBITDA margin 59.3%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,216 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +11.9% in 30 days (Nifty 500: −0.7%).
• Q2 FY26: Revenue ₹1,019 cr, EBITDA ₹604 cr, PAT ₹471 cr, EBITDA margin 59.3%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,019 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +1.9% in 28 days (Nifty 500: −0.5%).

Past price moves after results do not indicate future moves. Not a recommendation.

Billionbrains Garage Ventures Limited earnings call, investor presentation and press release summaries

• Q2 FY27: Earnings call (14 Oct 2026), Investor presentation (14 Oct 2026)
• Q1 FY27: Earnings call (15 Jul 2026)
• Q4 FY26: Earnings call (20 Apr 2026)
• Q3 FY26: Earnings call (14 Jan 2026)
• Q2 FY26: Earnings call (21 Nov 2025), Results deck (21 Nov 2025)
• Other events: Investor presentation (15 Jul 2026), Investor presentation (20 Apr 2026), Investor presentation (14 Jan 2026)