Groww posts Rs 471 Cr profit on Rs 1,019 Cr revenue in Q2 FY26

Digital investment platform Groww India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges this month. The company’s revenue declined by 9% in the second quarter; however, it posted a profit of Rs 471 crore in the same period.

The company’s revenue from operations fell 9.4% year-on-year to Rs 1,019 crore in Q2 FY26 from Rs 1,125 crore in the same quarter last year, according to its financial statement sourced from NSE.

Other income contributed an additional Rs 52 crore, which drove its total income of Rs 1,071 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 13% from Rs 904 crore in Q1 FY26. However, for the six months period ending September 2025, the firm’s revenue decreased 9.5% to Rs 1,923 crore in H1 FY26 from Rs 2,126 crore in H1 FY25.

On the expense side, employee benefit was the largest burn which accounted for 29% of the total expense. This cost was cut by 53% to Rs 124 crore in Q2 FY26 from Rs 264 crore in Q2 FY25. Finance cost, depreciation cost were other overheads which added to the total expense which reduced by 37% to Rs 432 crore in Q2 FY26 from Rs 690 crore in Q2 FY25. 

Due to decrease in the company’s expenses, Groww’s profit increased by 12% to Rs 471 crore in Q2 FY26 as compared to Rs 420 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased by 12% to Rs 850 crore in H1 FY26 as compared to Rs 758 crore in H1 FY25.

Groww made a strong debut on the Indian stock exchanges, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112.

The company’s Rs 6,632 crore IPO comprised a fresh issue worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572 crore. According to exchange data, Groww’s IPO was oversubscribed 17.6 times, with the retail portion subscribed 9.43X, QIBs (excluding anchors) 22.02X, and Non-Institutional Investors (NIIs) 14.2X.

Groww India’s share is trading at Rs 164 (as of 11:12 AM), giving the company a total market capitalization of Rs 1,01,166 crore ($11.4 billion).