Groww Q3 Results: Profit falls 27% to Rs 547 crore, Check revenue and other earnings details

Groww Q3 Results: Billionbrains Garage Ventures, the parent company of stock broking platform Groww, reported a 27.8 per cent year-on-year fall in consolidated net profit for the December quarter.

The company posted a net profit of Rs 546.93 crore in Q3 FY26, compared with Rs 757.11 crore in the year-ago period.

Following the earnings announcement, Groww shares rose sharply in afternoon trade. The stock jumped as much as 3.9 per cent and was trading at Rs 169 on the NSE.

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The company said the year-on-year decline in reported profit was largely due to a one-time post-tax gain of Rs 315 crore booked in Q3 FY25. This gain was linked to the reversal of long-term leadership incentive costs after Groww’s redomiciling exercise. These incentives were surrendered and recognised as one-time gains, which inflated the base for comparison.

Excluding this one-off item, Groww said its operating profit after tax increased 24 per cent year-on-year in Q3 FY26.

Despite a broader slowdown in the broking industry, Groww continued to gain users and market share during the quarter. The company’s transacting user base rose 25 per cent year-on-year to cross 2 crore. Active users grew 7.5 per cent sequentially.

Groww added 2.17 lakh NSE active clients in the quarter and said it was the only major broker to record active-client growth in each of October, November and December. Total customer assets climbed 39 per cent year-on-year.

Market share gains were led by equities and derivatives. Groww’s cash equity market share rose to 28.8 per cent in Q3 FY26 from 21.6 per cent a year earlier. Its equity derivatives market share increased to 18.1 per cent from 12.2 per cent.

Retail cash average daily turnover rose 21 per cent year-on-year to Rs 11,331 crore, while retail derivatives average daily turnover jumped 45 per cent to Rs 11,483 crore.

New products also helped diversify revenues. Offerings such as commodity trading, loans against securities, and Fisdom accounted for 49 per cent of total income growth during the quarter. Commodity trading, launched three months ago, crossed 2.5 lakh active traders and contributed about 4 per cent of total income in Q3 FY26.

Separately, the company said State Street Investment Management invested $65 million, or around Rs 580 crore, in Groww Asset Management Company as part of a strategic partnership.

The board approved the execution of a Share Subscription and Share Purchase Agreement and a Shareholders’ Agreement between the company, Groww AMC, and State Street Global Advisors. Under the agreement, the investor will acquire up to 23 per cent of the fully diluted share capital of Groww AMC through a mix of primary subscription and secondary purchase.

Post the transaction, State Street will not hold more than 4.99 per cent of the aggregate voting power of Groww AMC. Groww AMC, which acts as the investment manager to Groww Mutual Fund, will cease to be a wholly owned subsidiary but will continue to remain a subsidiary of the company.