Groww India, a digital investment platform that debuted on Indian stock exchanges last month, has released its Q2 FY26 financial results. Despite a 9% drop in revenue during the second quarter, the company reported a profit of Rs 471 crore.
Key Highlights
- Groww reports profit of ₹471 crore in Q2 FY26, while revenue drops to ₹1,019 crore.
- Revenue declined 9.5% year-on-year, yet improved operational efficiency helped the company boost its bottom line.
According to its financial statement obtained from the NSE, the company's revenue from operations decreased 9.4% year over year to Rs 1,019 crore in Q2 FY26 from Rs 1,125 crore in the same quarter last year.
Its overall revenue for the quarter was Rs 1,071 crore, with an additional Rs 52 crore coming from other sources. The company's revenue increased by 13% from Rs 904 crore in the first quarter of FY26. However, the company's revenue dropped 9.5% to Rs 1,923 crore in H1 FY26 from Rs 2,126 crore in H1 FY25 during the six months that ended in September 2025.
Employee benefits were the biggest expense, making up 29% of the total. From Rs 264 crore in Q2 FY25 to Rs 124 crore in Q2 FY26, this expense was reduced by 53%. The overall expense decreased by 37% to Rs 432 crore in Q2 FY26 from Rs 690 crore in Q2 FY25. Other overheads included finance costs and depreciation costs.
Groww's earnings rose by 12% to Rs 471 crore in Q2 FY26 from Rs 420 crore in Q2 FY25 as a result of lower company expenses. The company's earnings grew by 12% on a half-yearly basis, from Rs 758 crore in H1 FY25 to Rs 850 crore in H1 FY26.
Despite a low grey market premium (GMP) of about 3%, Groww achieved a spectacular start on the Indian stock exchanges, listing for Rs 114 per share on the BSE, a 14% premium over its issue price. The stock began trading at Rs 112 on the NSE.
Also Read: Groww Parent Enters Rs 1L Cr Club; Cofounder Lalit Becomes Billionaire
An offer for sale (OFS) of Rs 5,572 crore and a new issuance worth Rs 1,060 crore made up the company's Rs 6,632 crore IPO. Exchange data shows that Groww's IPO was oversubscribed 17.6 times, with the retail portion subscribed 9.43 times, QIBs (apart from anchors) 22.02 times, and Non-Institutional Investors (NIIs) 14.2 times.
