(Reuters) – Billionbrains Garage Ventures, the parent company of Indian online brokerage firm Groww, reported a 12% rise in second-quarter profit on Friday, helped by lower expenses.
Groww, which was founded almost a decade ago and made its stock market debut earlier in the month, posted a consolidated net profit of 4.71 billion rupees ($53.14 million), up from 4.20 billion rupees a year ago.
($1 = 88.6370 Indian rupees)
(Reporting by Komal Salecha in Bengaluru; Editing by Sherry Jacob-Phillips)
