GRO Reports Flat Revenue but Higher Expenses in FY27 Q3

Mumbai, 14 October – BillionBrenns Garage Ventures Ltd, the holding company behind brokerage house GRO, disclosed its September quarter results. While operating income for FY27’s third quarter held steady at ₹1,501.53 crore, the firm’s total revenue dipped to ₹1,540.54 crore from ₹1,548.67 crore a month earlier.

After‑tax profit fell 1.5 % to ₹724.70 crore, compared with ₹735.04 crore in the June quarter. Other income fell sharply to ₹39.01 crore from ₹47.25 crore, contributing to the overall earnings contraction.

Expenditure for the period was virtually unchanged, registering at ₹555.93 crore versus ₹555.68 crore in the prior quarter.

The company’s cash flow for the April‑September half of FY27 turned sharply negative, reaching ₹‑900.12 crore, a notable increase from the ₹‑159.41 crore shortfall in the same timeframe last year.

Investors reacted with a 0.58 % decline in the share price on the NSE, bringing the stock to ₹192.68 at 2:34 pm. Over the past month the share has slipped 2.5 %, and over six months it has fallen 7.54 %, despite a 24 % YTD gain and a 46 % rise over the previous twelve months. The broader Indian market also softened, with the Sensex down 228 points (0.31 %) and the Nifty down 88 points (0.39 %).