Daijiworld Media Network - Mumbai
Mumbai, Nov 21: In a key financial update, Billionbrains Garage Ventures — the parent company of investment platform Groww — posted a 12% rise in consolidated net profit for Q2 FY26, touching Rs 471 crore as against Rs 420 crore in the same quarter last year, marking a steady performance despite pressure on operational revenues.
The newly listed company reported a 9.4% year-on-year dip in revenue from operations, falling to Rs 1,019 crore from Rs 1,125 crore in Q2 FY25. However, on a quarter-on-quarter basis, revenue climbed 13%, driven by a surge in active users and new customer acquisitions, along with stronger engagement from existing users backed by deeper product penetration and improved user maturity. Interestingly, 4.5% of the incremental 13% QoQ revenue growth came from newly onboarded users, while the remaining share was contributed by long-term users.
Groww’s operating profit (EBITDA) reflected strong momentum, rising 10% to Rs 604 crore from Rs 550 crore last year. Its EBITDA margin expanded sharply to 59.29%, up from 48.88% in the corresponding quarter — signalling enhanced operational efficiency. However, net income dipped 7.7% year-on-year to Rs 1,071 crore from Rs 1,160 crore.
For the half-year period (H1 FY26), the parent firm recorded a 12% growth in net profit at Rs 850 crore, compared to Rs 758 crore in H1 FY25. Revenue from operations stood at Rs 1,923 crore, marking a 10% uptick over Rs 2,126 crore the previous year.
The platform’s user base continued its upward trajectory, with total transacting users rising 5% sequentially and 27% year-on-year to touch 19 million. Customer assets grew 2% QoQ and an impressive 33% YoY to reach Rs 2.7 lakh crore.
A shift in investment behaviour was noticeable:
• 36% of new users began with mutual fund SIPs — a 7-point jump from last year.
• Stocks-first users dropped to 37%, falling 15 points YoY.
• ETF-first participation surged sixfold to 6%.
• IPO-first users doubled to 6%.
High-growth products fuelled stronger revenue distribution, with stocks and margin trading facility (MTF) each gaining 4 percentage points, while interest-based income — driven by Loan Against Securities (LAS) — rose by 2 points. Meanwhile, the share of derivatives declined by 10 percentage points, showing a clear shift toward long-term and diversified investing.
Groww also highlighted the growing contribution of recently acquired wealth-tech firm Fisdom, which is expected to add 3–4% to operational revenue at its current run rate.
In September 2025, Groww launched commodities trading in a phased manner, registering 7,000–8,000 average daily transacting users with 8–10 trades per user per day. Despite the healthy participation, the segment contributed less than 1% to revenue in September.
The company also reported disbursements worth Rs 1,444 million in Q2, with Loan Against Securities (LAS) — newly introduced on Groww’s own books — accounting for 36% of the total. Over 9,800 customers availed the product during the quarter, while personal loans continued to grow organically.
Following the earnings announcement, Groww shares jumped 5.12% on the NSE, trading at Rs 164.74 apiece.
Billionbrains Garage Ventures made an impressive public market debut on November 12.
• Shares listed at Rs 112 on NSE (12% premium) and Rs 114 on BSE (14% premium).
• The IPO was subscribed 17.60 times, reflecting sharp investor interest.
• The offering comprised a fresh issue of Rs 1,060 crore and an OFS of 55.72 crore shares, amounting to Rs 5,572.30 crore.
Ahead of the listing, the firm raised Rs 2,984.5 crore from marquee anchor investors such as the Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, Morgan Stanley, HDFC MF, SBI MF, and several other global and domestic institutions.
Groww, widely popular among young investors, offers a comprehensive suite of products including equities, derivatives, mutual funds, ETFs, IPOs, bonds, and lending products — continuing its rise as one of India’s most influential digital investment platforms.