Groww Q3 Results: Cons net profit drops 28% YoY to Rs 547 crore due to one-off, but revenue up 25%

Billionbrains Garage Ventures, the parent company of the stock broking platform Groww, reported its financial results for the third quarter of FY26 on Wednesday, posting a 27.8% YoY decline in its consolidated net profit at Rs 546.93 crore, versus Rs 757.11 crore a year ago. The decline was due to a one-time gain of Rs 315 crore (net of tax) booked in Q3 last year. Excluding this, operating PAT rose 24% from Rs 442 crore YoY, the company said.

The reported net profit is attributable to the company’s shareholders.

Meanwhile, the company’s revenue from operations witnessed a surge of 24.8% YoY at Rs 1,216.07 crore, up from Rs 974.53 crore reported in the third quarter of FY25.


On a standalone basis, the company’s profit after tax (PAT) fell even more sharply, declining 36.7% YoY to Rs 428.45 crore, compared with Rs 677.46 crore in the year-ago quarter.

According to Groww’s investor presentation, the firm’s adjusted EBIDTA came in at Rs 741.80 crore for Q3FY26, against Rs 598.1 crore in the third quarter last year.

Despite broader industry-wide degrowth over the last year, Groww's total transacting user base jumped 25%, crossing the 2 crore customer mark in Q3FY26.

In terms of active users, Groww has registered 7.5% quarter-on-quarter growth. In Q3 FY26, Groww was the only major broker to register growth in October, November, and December, adding 2.17 lakh NSE active clients on the broking site. Total customer assets jumped 39% YoY during the period under review.

According to a press release, Groww's market share in stocks has expanded from 21.6% in Q3FY25 to 28.8% in Q3FY26, while its market share in equity derivatives has jumped from 12.2% to 18.1% during this period.

Groww's retail cash average daily turnover has increased by 21% from Rs 9,394 crore to Rs 11,331 crore, while retail derivatives average daily turnover has increased by 45% from Rs 7,918 crore to Rs 11,483 crore.

In mutual funds, where Groww's market share increased only marginally from 12.3% to 13.7%, Groww's MF SIP inflows increased by 30% from 9,476 crore in Q3FY25 to 12,328 crore in Q3FY26.

In another exchange filing, the company has also informed that it will be acquiring additional shares in Groww Asset Management Limited (Groww AMC), which is already its wholly owned and non-material subsidiary.

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