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Groww Surges on Strong Earnings
16 Oct
Summary
- Net profit soared 54% year-on-year to Rs 725.60 crore.
- Operating revenue climbed 47% to Rs 1,501 crore.
- The platform added 11 lakh new transacting users this quarter.
Billionbrains Garage Ventures, the parent company of Groww, experienced a significant boost in its share price on Thursday, October 16, 2026, following the release of its strong second-quarter earnings report for FY27. The company announced a 54% year-on-year increase in net profit, reaching Rs 725.60 crore, compared to Rs 471 crore in the same period last year.
Operating revenue saw a substantial jump of 47%, escalating to Rs 1,501 crore from Rs 1,019 crore a year ago. This growth in revenue outpaced the rise in expenses, which increased by 29%, thereby enhancing profitability and widening EBITDA margins to 64.5%.
The platform also expanded its user base, adding 11 lakh new transacting users during the quarter. A significant portion of this growth was attributed to strong participation in equity IPOs, with approximately 42 lakh users applying for IPOs through Groww, highlighting its key role in India's primary market ecosystem.
