Groww reported a profit of Rs. 686 crore on revenue of Rs. 1,500 crore in Q4 FY26. It reflects strong growth in India’s fintech sector, driven by increased user activity and the expansion of financial services. The stock has nearly doubled from its issue price of Rs. 100 and remains up about 29.9% year-to-date, reflecting strong investor interest in digital investment platforms.
Groww's net profit for the March quarter increased by 25.5% from the previous quarter to $686.3 crore, while its revenue grew by 23.8% from the December quarter to Rs. 1,505.3 crore.
Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 30.3% sequentially to Rs. 938.6 crore, while margins expanded by 320 basis points from the quarter gone by to 62.4% from 59.2% in the previous quarter. Operating leverage contributed to the improvement in margins.
At the end of the quarter, Groww's total transacting users stood at 21.6 million, a 6% sequential growth and 25% growth from the same quarter last year. Active users within this stand at 16.7 million. Total customer assets as of March 31 stood at Rs. 3 lakh crore, a 1% decline from the December quarter and a 36% decline from the year-ago quarter.
During the quarter, Ashish Agrawal, former MD at Peak XV Partners, stepped down from the Groww board to begin his entrepreneurial journey and set up a new venture capital firm, according to his resignation letter.
Groww's market share in the Mutual Funds segment rose to 14% from 12.3% last year, according to the company's investor presentation. The topline growth figures were also higher than brokerage expectations, which had anticipated 17% rise.
"In the last quarter, despite broader market underperformance, we continued to add new users to the platform. Our continued focus on technology and user experience remains central to driving strong retention, leading to low churn," the company said in the shareholders' letter.
In February, the platform added 2.55 lakh clients, which took its total client base to around 1.27 crore (12.75 million) and pushed its market share to 28.03%.
Mumbai-based rival Angel One had also reported a 40 percent growth in net sales during the March quarter to Rs 1,444 crore. Its net profit almost doubled to Rs. 351 crore in March 2026, up from Rs. 180 crore in March 2025.
Also Read: Best Trading Apps for Beginners in 2025
Shares of Billionbrains Garage Ventures, the parent company of the trading platform Groww, cooled off from the day's highs after the company reported fourth-quarter results on Monday (April 20, 2026). The stock had doubled from its issue price of Rs. 100, while making a post-listing high of Rs. 214.
The shares of the company made a decent debut on stock markets on November 12 last year, listing with a premium of 14 percent over the IPO price at Rs 114 apiece on BSE.
Despite a broader industry slowdown, Groww continued to gain users and market share. The company’s user base rose 20 percent year-on-year to over 2.1 crore. Its total customer assets climbed 35 percent on-year to Rs 3 lakh crore, even though it declined marginally on a sequential basis.
The company noted that heightened market volatility, driven by geopolitical tensions in West Asia, led to increased user activity, particularly in derivatives and commodities segments. It also cautioned that higher activity levels entail higher costs due to increased risk and volatility, which could affect near-term margins.