Groww Q3FY26 result: Net profit falls 28% to ₹547 cr, revenue up 25%

Groww attributed the drop in profit to a one-time long-term incentive that materialised in Q3FY25. When that is excluded, the company said that its Q3FY26 profit increased 24 per cent Y-o-Y

Billionbrains Garage Ventures Limited, the parent company of online trading platform Groww, on Tuesday reported a 28 per cent year-on-year (Y-o-Y) drop in consolidated net profit for the third quarter of the financial year 2025-26 (Q3FY26), despite a significant increase in revenue.

 

Net profit for the quarter stood at ₹546.93 crore in Q3FY26 compared to ₹757.11 crore during the same quarter last year. The company, however, attributed the drop to a one-time long-term incentive that materialised in Q3FY25. Discounting that, the company's Q3FY26 profit increased 24 per cent Y-o-Y.

 

On a sequential basis, Groww's profit was up by 16 per cent from ₹471.34 crore in Q2FY26.

 

 

The brokerage firm’s revenue rose 25 per cent Y-o-Y to ₹1,216.07 crore in the quarter, from ₹974.54 crore. Sequentially, revenue increased 19.4 per cent from ₹1,018.74 crore.

 

The company attributed the growth to two main drivers: a rise in active users and higher engagement from existing customers. "Active Users grew 7.5 per cent quarter-on-quarter (Q-o-Q), led by growth in new user acquisition, which was the highest in the last four quarters," the company said in a BSE filing.

 

It also said that nearly half of income growth came from newer products such as commodity derivatives, margin trading facility, loan against securities and Fisdom, while greater user maturity also lifted order values and trading activity.

 

State Street invests in Groww

Groww also announced an investment of about ₹580 crore by US-based asset manager State Street Investment Management (SSIM), which will acquire a roughly 23 per cent stake in Groww Asset Management, subject to regulatory approvals.

 

The company said the partnership would strengthen its balance sheet and give it access to global expertise in quantitative and passive investment strategies. The collaboration will also help the company scale its asset management business, which had ₹4,118.8 crore in assets and 1.2 million unique investors as of December 2025, it said.

 

Shares of Billionbrains Garage Ventures were trading 3.3 per cent up at ₹168.1 apiece at 2.09 pm on the BSE on Wednesday.