Groww's Q2 profit rises 12% to ₹471cr despite revenue decline
What's the story
Billionbrains Garage Ventures, the parent company of popular stock broking platform Groww, has reported a consolidated net profit of ₹471.3 crore for the second quarter of FY26. This is a year-on-year (YoY) growth of 12% from the previous year's corresponding quarter where it had posted a net profit of ₹420.16 crore. The company released its first quarterly results after debuting on stock markets earlier this month.
Financial performance
Revenue from operations sees a decline
Groww's revenue from operations witnessed a YoY decline of 9.5% to ₹1,018.7 crore in Q2 FY26. This is down from ₹1,125.39 crore recorded in the same quarter last year. Total expenses declined sequentially to ₹432.6 crore from ₹444.67 crore in Q1 FY26 and were much lower than ₹589.8 crore in Q2 FY25. The company also reported a total of 19 million transacting users, up by 27% YoY, with customer assets reaching an impressive ₹2.7 lakh crore, a 33% increase.
Market response
Groww's market performance and stock recovery
Groww's shares saw a strong decline in the past two sessions, with the stock falling nearly 17% and wiping out over ₹23,000 crore from the company's market capitalization. However, the shares rose over 7% to hit an intraday high of ₹168.39 apiece today. At that level, the stock was more than 50% higher than its listing price of ₹112 apiece on NSE and over 68% higher than its IPO price of ₹100 apiece.