Billionbrains Garage Ventures Announces FY2026 Results, Appoints New Secretarial Auditors, and Details IPO Proceeds Utilization
Billionbrains Garage Ventures Limited today announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors also approved the appointment of a new Secretarial Auditor and noted the resignation of a Nominee Director.Financial Highlights for FY2026
The Company released its audited financial results for the year ended March 31, 2026.In the standalone results, the total income for the year amounted to INR 33,327.50 million, while total expenses were reported at INR 11,515.80 million. This resulted in a Profit for the year of INR 16,297.37 million.
For the consolidated results, the total income reached INR 48,158.76 million for the year ended March 31, 2026.
The company's financial performance data is presented in the following tables:
Consolidated Financial Summary (in INR Millions)
| Particulars | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Total Income | 48,158.76 | 40,616.45 |
| Total Expenses | 19,919.94 | 15,964.86 |
| Profit for the period/year | 20,830.00 | 18,243.73 |
Standalone Financial Summary (in INR Millions)
| Particulars | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Total Income | 33,327.50 | 29,101.85 |
| Total Expenses | 11,515.80 | 9,234.52 |
| Profit for the period/year | 16,297.37 | 14,915.59 |
Governance and Board Updates
The Board of Directors approved the appointment of M/s Nilesh Shah & Associates, Practising Company Secretaries, as the Secretarial Auditors of the Company. This appointment is for five consecutive years, commencing from FY 2026-27 until FY 2030-31, subject to shareholder approval.The Board also noted the resignation of Mr. Ashish Agrawal, Nominee Director, effective from April 20, 2026. The company expressed appreciation for his contribution during his association as a Nominee Director.
Strategic Transactions and Fundraising
In terms of corporate development, the Company details the completion of an Initial Public Offering (IPO) for 663,230,051 equity shares. This IPO was conducted with a face value of INR 2 each at an issue price of INR 100 per share, comprising a fresh issue of 106,000,000 shares and an offer for sale of 557,230,051 shares.The Company received net proceeds totaling INR 10,159.84 million, after deducting IPO expenses of INR 440.16 million. The utilization of these net IPO proceeds is summarized as follows:
| Objectives | Amount to be utilised as per prospectus (INR millions) | Utilisation up to 31 March 2026 (INR millions) | Unutilised as on 31 March 2026 (INR millions) |
|---|---|---|---|
| Expenditure towards cloud infrastructure | 1,525 | 627.84 | 897.16 |
| Brand building and performance marketing activities | 2,250 | 1,042.78 | 1,207.22 |
| Investment in GCS (NBFC) | 2,050 | 520 | 1,530 |
| Investment in GIT | 1,675 | 850 | 825 |
| Funding inorganic growth/general corporate purposes | 2,659.84 | 670.31 | 1,989.53 |
| Total | 10,159.8 | 3,710.93 | 6,448.91 |
Additionally, the Company completed a share purchase agreement to acquire 100% shareholding in Finwizard Technology Private Limited. The total consideration for this acquisition was INR 9,610.50 million.
Audit Opinion
The statutory auditors, M/s BSR & Co. LLP, issued reports providing an unmodified opinion on the audited consolidated and standalone annual financial results for the year ended March 31, 2026.The audited standalone financial results and the audited consolidated financial results are available for review.
GROWW Stock Price Movement
As of 1:07 PM, shares of Billionbrains Garage Ventures Limited are edging higher, currently trading at ₹201.9, after rallying 1.79% today. The stock's activity remains robust, seeing a total traded volume of 28.90 million shares.Source:
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