Synopsis
Groww Q2 Results: The company said its consolidated revenue from operations came in at Rs 1,018.74 crore, a 9.5% YoY fall from Rs 1,125.38 crore in the 2024 quarter.
The newly-listed Billionbrains Garage Venture, the parent of online brokerage Groww, on Friday said its consolidated profit attributable for the quarter ended September 2025 rose 12% year-on-year (YoY) to Rs 471.33 crore, compared to a profit of Rs 420.16 crore in the year-ago quarter.
The company said its consolidated revenue from operations came in at Rs 1,018.74 crore, a 9.5% YoY fall from Rs 1,125.38 crore in the 2024 quarter.
The Dalal Street debutant said its total consolidated expenses for the September quarter fell sharply to Rs 432.59 crore, down roughly 27% from Rs 589.79 crore in the year-ago period.
Active users, mix and engagement in Q2
Active users grew 3.2% quarter-on-quarter (QoQ), led by new user acquisition and higher engagement across multiple products, the company said. In Q2 FY26, 4.5% of the 13% incremental revenue growth was contributed by newly acquired users, with the balance coming from existing users.
Among new users in Q2 FY26, 36% were mutual funds SIP-first, a 7-percentage-point increase versus Q2 last year. Stocks-first stood at 37%, down 15 percentage points year-on-year. The share of ETF-first users rose to 6%, now six times higher than last year, while IPO-first users, which include equities and bonds, also reached 6%, doubling year-on-year.
More customers are now using Mutual Funds, Stocks, PL+LAS, and Margin Trading Facility, while penetration in Derivatives has reduced significantly, the company said.
Source: www.economictimes.indiatimes.com