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Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26

EntrackrEntrackr · 14h ago
Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26
Medial

Digital investment platform Groww on Wednesday reported its first set of quarterly results since listing on the stock exchanges. The company posted a 25% rise in revenue during the third quarter, although its profit declined by 28% over the same period. The company’s revenue from operations increased to Rs 1,216 crore in Q3 FY26 from Rs 974.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 45 crore, which drove its total income to Rs 1,261 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 19% from Rs 1,019 crore in Q2 FY26. However, for the nine months period ending December 2025, the firm’s revenue remained flat at Rs 3,139 crore. On the expense side, employee benefit was the largest burn which accounted for 30% of the total expense at Rs 157 crore in Q3 FY26. Finance cost stood at Rs 10 crore, while depreciation cost added Rs 9 crore to the total expense which stood at Rs 515.5 crore in Q3 FY26. Groww’s net profit decreased by 28% to Rs 547 crore in Q3 FY26 as compared to Rs 757 crore in Q3 FY25. For the nine months period ending December 2025, the company reported a profit of Rs 1,397 crore. Sequentially, Groww reported a 16% surge in net profit (PAT) to Rs 547 crore in Q3 FY26 from Rs 471 crore in Q2 FY26. The year-on-year decline was largely due to a one-time gain (net of taxes) of Rs 315 crore booked in Q3 FY25. Groww made a strong debut on the Indian stock exchanges in November last year, 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. Groww India’s share is trading at Rs 158 (as of 12:51 PM), giving the company a total market capitalization of Rs 97,595 crore ($11.21 billion).

Asset management firm State Street backs Groww AMC with $65 Mn investment

EntrackrEntrackr · 14h ago
Asset management firm State Street backs Groww AMC with $65 Mn investment
Medial

US-based asset management firm State Street Investment Management has invested Rs 580 crore, or approximately $65 million, in Groww Asset Management Limited, a wholly owned subsidiary of Groww, as per Groww’s exchange filing. Groww AMC is an investment manager of Groww Mutual Fund which manages various funds of Groww Mutual Fund. According to the filing, the proposed transaction includes around Rs 381 crore through secondary share purchases, while approximately Rs 199 crore will be infused as fresh capital, potentially diluting Groww AMC’s share capital by up to 23%, while the voting rights will be restricted to 4.9 percent. The transaction is to be completed within six months. The acquisition is aimed at meeting working capital requirements and supporting further growth opportunities, the filing said. In December 2025, Groww strengthened its lead in the stock broking space by adding 39,500 active demat accounts during the month, taking its total client base to around 1.21 crore (12.13 million) and capturing a 27.06% market share. Groww also announced its Q3 FY26 results today. The company reported a 25% year-on-year increase in revenue to Rs 1,216 crore during the third quarter, while its profit declined 28% over the same period to Rs 547 crore. At the end of today’s trading session, Groww’s share closed at Rs 163.7, giving the company a total market capitalization of Rs 1,01,061.8 crore ($11.35 billion).

Dhan swings to profit in FY24 with gross revenue of Rs 380 crore, up 600% year-on-year

Economic TimesEconomic Times · 1y ago
Dhan swings to profit in FY24 with gross revenue of Rs 380 crore, up 600% year-on-year
Medial

- Stock broking startup Raise Financial Services (Dhan) has reported gross revenues of Rs 380 crore for 2023-24, up 600% from the previous year. - Dhan reported a net profit of Rs 155 crore compared to a net loss of Rs 22 crore in the previous fiscal. - The company expects a 25-30% impact on its gross revenue due to recent regulatory actions on the futures and options market. - Dhan has about 740,000 active traders, making it one of the top 10 stock brokers in India in terms of active traders. - The company is in talks with potential investors to raise fresh venture funding and plans to go public in the next three to five years. - Other discount brokers like Zerodha and Groww have also performed well, with Zerodha reporting a 61% YoY jump in net profit and Groww reporting a net profit of Rs 297 crore in its broking business for the fiscal.

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