Groww Reports 87% Revenue Growth, Net Profit Surges to $73.8M

Gate News message, April 20 — Groww parent company Billionbrains Garage Ventures reported operating revenue of 15.1 billion rupees (US$162 million) in the March quarter, up 87% year-over-year. Net profit rose to 6.9 billion rupees (US$73.8 million) from 3.1 billion rupees (US$33.2 million) in the same period last year.

For fiscal year 2026, total revenue reached 46.4 billion rupees (US$500 million) compared to 39 billion rupees (US$420 million) in FY25. March quarter expenses increased 37% to 6 billion rupees (US$64.5 million).

Groww deployed 8.5 billion rupees (US$91.5 million) of its 10.2 billion rupees (US$109 million) IPO proceeds to fund margin trade financing through subsidiary Groww Invest Tech, and allocated 1 billion rupees (US$11.2 million) to marketing. The company also invested 9.6 billion rupees (US$103 million) to acquire wealthtech startup Fisdom, which offers portfolio management and insurance products.

The Fisdom acquisition reflects Groww’s strategy to diversify revenue streams beyond brokerage services. Derivatives trading currently accounts for 57% of the company’s Q2 FY26 earnings. India’s Securities and Exchange Board (SEBI) has tightened rules on futures and options trading, reducing Groww’s revenue by an estimated 2 billion rupees (US$21.8 million). Fisdom brings distribution partnerships with over 15 banks, expanding Groww’s reach beyond its direct-to-consumer base of more than 40 million users.