Groww’s Q2 FY26 results reveal profit growth but shrinking revenue
Groww, one of India’s top trading platforms, has reported mixed financial results for the second quarter of FY26. While net profit climbed 12.2% year-on-year to Rs 471.3 crore, revenue from operations fell by 9.5% to Rs 1,018.7 crore. The company also completed a major IPO, raising Rs 6,632 crore with a strong market debut in September 2025.
Groww’s total income for the quarter reached Rs 1,070.8 crore, including Rs 52.1 crore from other sources. This marked a 13% increase from the previous quarter, where income stood at around Rs 948 crore. Revenue also grew 12.7% sequentially from Rs 904.4 crore in Q1 FY26.
The company’s expenses saw a sharp decline, dropping 26.7% year-on-year to Rs 432.6 crore. Employee benefit costs alone fell over 53% to Rs 123.8 crore. Despite these reductions, revenue for the first half of FY26 still declined by 9.6% to Rs 1,923.1 crore compared to the same period last year.
Groww’s IPO, led by parent company Billionbrains Garage Ventures and managed by Kotak Mahindra Bank, listed at Rs 114 on the BSE—a 14% premium over its issue price of Rs 100. The offering raised Rs 6,632 crore, reinforcing investor confidence. By the end of the quarter, the platform reported 19 million transacting users, a 27% jump from the previous year.
The latest results show Groww balancing cost cuts with revenue challenges. Its IPO success and user growth signal strong market positioning, even as operational income declines. The company’s next steps will likely focus on sustaining profitability while expanding its user base.
