Groww Q2 FY26 Earnings Results: Profit Rises 12% YoY to ₹471 Crore Despite Revenue Dip

Groww posted a consolidated net profit of ₹471.3 crore in Q2, rising 12% from ₹420.1 crore last year. Compared to the previous quarter, profit jumped 24.6% from ₹378 crore.

Revenue Falls YoY but Improves Sequentially

The company’s revenue from operations slipped 9.5% year-on-year to ₹1,018.7 crore, down from ₹1,125.3 crore. However, revenue increased 12.7% compared to the June quarter.

Groww Share Price Sharp Drop in Expenses Boosts Margins

Groww’s total expenses dropped significantly by 27% to ₹432.59 crore, compared to ₹589.79 crore a year earlier. EBITDA rose 9.7% to ₹603.3 crore, and margins improved to 59.3%, higher than both last year’s 48.9% and last quarter’s 53.4%.

User Growth and Product Mix in Q2

Active users increased 3.2% over the previous quarter, helped by new customer additions and better engagement. New users contributed 4.5% to the company’s 13% revenue growth, while existing users drove the rest.

Shifts in New User Preferences

• 36% of new users started with mutual fund SIPs, up 7% from last year.
• “Stocks-first” users fell to 37%, a 15% drop from last year.
• ETF-first users rose to 6%, 6 times higher than last year.
• IPO-first users reached 6%, double the previous year’s share.

Also Read: JAL Creditors Choose Adani Offer Over Vedanta!

Groww Share Price Movement

Billionbrains Garage Ventures (Groww) share price opened at ₹156.47 on the BSE. The stock touched a high of ₹168.45 and a low of ₹156.14 during the day.

Conclusion

Groww delivered a strong profit performance in Q2 despite lower revenue. Cost controls, better margins, rising user engagement, and a shift towards mutual funds and ETFs continue to support its growth outlook.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.