Groww doubles profit as revenue crosses Rs 1,500 crore in Q4 FY26
23 Apr 2026, 06:12 PMTotal expenditure for the quarter grew 38% to Rs 599 crore in Q4 FY26, compared to Rs 435 crore in the corresponding period last year.
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Groww clocked an 88% jump in revenue from operations to Rs 1,505 crore in Q4 FY26 from Rs 801 crore in the same quarter a year ago.
For the full fiscal year ended March 2026, the digital investment platform reported a 19% year-on-year rise in operating income to Rs 4,645 crore.
Groww's net profit more than doubled to Rs 686 crore in Q4 FY26 from Rs 309 crore in Q4 FY25.
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The stock broking company, which listed on the bourses last year, also crossed the Rs 2,000 crore profit mark for the full year FY26.
Other income added Rs 30 crore to the quarter's tally, pushing total income to Rs 1,535.5 crore.
Total expenditure for the quarter grew 38% to Rs 599 crore in Q4 FY26, compared to Rs 435 crore in the corresponding period last year.
Employee costs formed the single largest expense head, accounting for 29% of total expenditure at Rs 173 crore in Q4 FY26. Finance costs stood at Rs 8 crore, while depreciation came in at Rs 24.45 crore during the quarter.
Groww, founded by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, also launched fresh employee stock options (ESOPs) worth nearly Rs 51.32 crore, covering 24.32 lakh equity shares under its ESOP 2024 scheme on April 20.
In February, the platform added 2.55 lakh new clients, taking its total base to approximately 1.27 crore and pushing its market share to 28.03%.
Separately, Ashish Agrawal, former MD at Peak XV Partners, stepped down from Groww's board during the quarter to pursue his own entrepreneurial venture and launch a new venture capital firm.
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