Groww Q3 FY26 net profit falls 28% YoY on previous one-time gain; stock jumps 4% as operating revenue rises

Groww Q3 Results LIVE: Net profit falls 28% to Rs 547 crore, revenue rises 25%

• Groww Q3 FY26 net profit fell 28 percent YoY due to a one-time gain last year
• Revenue rose 26 percent YoY; transacting user base crossed 2 crore
• Groww's market share in equities and derivatives increased significantly

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Online investment platform Groww (Billionbrains Garage Ventures) reported a 28 percent year-on-year decline in net profit for the third quarter of FY26, even as operating performance remained strong and revenue rose sharply. Net profit stood at Rs 547 crore, compared with Rs 757 crore a year earlier, the company said on Tuesday.

Total revenue for the quarter rose 26 percent year-on-year to Rs 1,261 crore, and was up 18 percent sequentially from Rs 1,070 crore in Q2 FY26. Adjusted EBITDA increased 24 percent on-year and 19 percent quarter-on-quarter to Rs 742 crore.

Groww stock jumped as much as 3.9 percent in the afternoon trade, following the earnings release, and was trading at Rs 169 on the NSE.

The year-on-year drop in profit was due to a one-time post-tax gain of Rs 315 crore booked in Q3 FY25. Excluding that, Groww said operating profit after tax increased 24 percent on-year.  The year-on-year decline in reported net profit was influenced by accounting treatment in the year-ago quarter. In Q3 FY25, Groww had recorded a reversal of long-term leadership incentive costs following its redomiciling exercise. These incentives were surrendered and recognised as one-time gains, inflating the base for comparison, the company said.

Despite a broader industry slowdown, Groww continued to gain users and market share. The company’s transacting user base rose 25 percent year-on-year to cross 2 crore, while active users grew 7.5 percent sequentially. Groww added 2.17 lakh NSE active clients during the quarter and was the only major broker to record active-client growth in each of October, November and December, it said. Total customer assets climbed 39 percent on-year.

Market share gains were led by equities and derivatives. Groww’s cash equity market share rose to 28.8 percent in Q3 FY26 from 21.6 percent a year earlier, while its equity derivatives share increased to 18.1 percent from 12.2 percent. Retail cash average daily turnover rose 21 percent year-on-year to Rs 11,331 crore, and retail derivatives ADT jumped 45 percent to Rs 11,483 crore.

New products drove diversification in revenues. Offerings such as commodity trading, loans against securities and Fisdom contributed 49 percent of total income growth during the quarter. Commodity trading, launched three months ago, crossed 2.5 lakh active traders and contributed about 4 percent of total income in Q3 FY26.

Separately, State Street Investment Management invested $65 million (around Rs 580 crore) in Groww AMC as part of a strategic partnership aimed at expanding global investment capabilities and product offerings, the company said.

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