Groww’s net profit for the March quarter increased by 25.5% from the previous quarter to $686.3 crore, while its revenue grew by 23.8% from the December quarter to ₹1,505.3 crore.
Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 30.3% sequentially to ₹938.6 crore, while margins expanded by 320 basis points from the quarter gone by to 62.4% from 59.2% in the previous quarter. Operating leverage contributed to the margin improvement.
The topline growth figures were also higher than brokerage expectations, who had anticipated the growth to be at 17%.
At the end of the quarter, Groww’s total transacting users stood at 21.6 million, a 6% sequential growth and 25% growth from the same quarter last year. Active users within this, stands at 16.7 million.
Total customer assets as of March 31 stood at ₹3 lakh crore, a decline of 1% from the December quarter and 36% from the year-ago quarter.
Groww’s market share in the Mutual Funds segment grew to 14% from 12.3% last year, as per the company’s investor presentation.
Shares of Groww are off the highs of the day with the stock now trading 0.5% lower after the earnings announcement at ₹197.45. The stock had doubled from its issue price of ₹100, while making a post-listing high of ₹214.
This story will be updated with more details.
First Published: Apr 20, 2026 9:36 AM IST
