Groww Q2 revenue falls 9.5% to Rs 1,018 crore, net profit rises
21 Nov 2025, 12:47 PMIts net profit increased 12% to Rs 471 crore in the quarter ended September from Rs 420 crore in the same quarter last year.
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New-age stock broking platform Groww, which listed on the Indian bourses last week, saw its revenue from operations drop in the second quarter ended September of this fiscal FY26 even as it reported a jump in net profit on a year-on-year basis.
Groww's revenue from operations in the July-September quarter fell 9.5% to Rs 1,018.74 crore from Rs 1,125.38 crore in the same period in the last fiscal FY25, filings with the stock exchanges on Friday show.
In the April-June quarter of FY26, the company had clocked an operating revenue of Rs 904.39 crore, showing a 12.64% growth on a sequential basis.
Its net profit increased 12% to Rs 471 crore in the quarter ended September from Rs 420 crore in the same quarter last year. On a sequential basis, its net profit grew 24.5% from Rs 378.36 crore in the April-June.
Total expenses of Groww declined 26.65% to Rs 432.59 crore during the quarter as compared to Rs 589.79 crore in same period in FY25.
Employee benefit cost fell 53% to Rs 123.76 crore during the quarter from Rs 264 crore in the previous year's corresponding quarter.
The company made its debut on Indian stock exchanges in November 2025, with its Rs 6,632 crore IPO being oversubscribed 17.6 times. Its IPO comprised a fresh issue worth Rs 1,060 crore and an offer for sale of Rs 5,572 crore.
Groww's shares were trading at Rs 164.75 per share, up 5.19%, on BSE in afternoon trade from the previous close. It is trading higher than its IPO price of Rs 114 per share.
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