Groww's Q4 performance showcases Indian fintech momentum.

Groww's Q4 performance showcases Indian fintech momentum. The stock broker posted a 122 percent year-over-year surge in profit after tax to 686.4 crore rupees, with operating revenue jumping 88 percent to 1,505.4 crore rupees. EBITDA improved 142 percent as expenses grew at a slower 38 percent pace, demonstrating strong operating leverage. The company expanded its transacting user base by 25 percent to 2.2 crore users managing 3 lakh crore rupees in assets. Newer ventures like wealth management platform W and mutual fund business Growwmf remain unprofitable, but management expects profitability within the next few years as these segments scale. Meanwhile, Razorpay is preparing to file its IPO documents with SEBI, targeting a valuation of 5 to 6 billion dollars and planning to raise 600 to 700 million dollars through the listing.