Groww Q4 Results: Profit more than doubles to Rs 686 crore; revenue jumps on strong user traction

Groww Q4FY26 Results: Online investment platform Groww ended the March quarter on a strong footing, with its parent Billionbrains Garage Ventures reporting a sharp jump in profit and revenue, supported by steady user additions and higher activity on the platform.

Profit more than doubles

Profit after tax for the quarter stood at Rs 686.35 crore, more than double the Rs 309.08 crore reported in the same period last year. The strong growth reflects higher trading volumes and improved traction across the platform’s offerings.

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Revenue growth remains robust

Revenue from operations rose sharply to Rs 1,505.36 crore from Rs 801 crore a year ago. The increase points to continued momentum in both new user additions and higher participation from existing users.

Margins expand as scale improves

Operating performance also showed a clear improvement. EBITDA came in at Rs 939 crore, compared to Rs 388 crore in the year-ago quarter. Margins expanded to 62.35 per cent from 48.47 per cent, indicating better cost efficiency as the business scales up.

User base and engagement pick up

Active users grew 19.9 per cent year-on-year and 4.7 per cent sequentially. The company noted that the pace of customer additions seen in the previous quarter continued into the March quarter.

Customer assets on the platform increased 36 per cent compared to last year, although they dipped slightly on a sequential basis due to mark-to-market impact during the quarter.

Higher product adoption across segments

User engagement improved across offerings. Product attachment levels rose to 72 per cent for stocks, 60 per cent for mutual funds, and 10 per cent for equity derivatives. This suggests that users are increasingly using multiple products on the platform.

Volatility boosts activity, but adds costs

The company highlighted that market volatility, driven in part by tensions in West Asia, led to higher activity during the quarter, especially in derivatives and commodities.

However, it also noted that such conditions tend to increase costs due to higher risks associated with volatile markets.

Stock remains on a strong run

Shares of Groww were trading 1.09 per cent higher at Rs 200.50 on the National Stock Exchange in afternoon trade following the results.

The stock has gained over 24 per cent in the past month and is up nearly 30 per cent so far this year. It recently touched a 52-week high of Rs 214.36, while the 52-week low stands at Rs 112.

Overall, the March quarter numbers reflect steady growth in Groww’s business, with rising user participation and improving profitability, even as market conditions remain volatile.