Groww Q3 earnings: Net profit declines 28% to ₹547 crore, revenue advances 25%

Billionbrains Garage Ventures, the parent company of brokerage firm Groww, on Wednesday, January 14, reported net profit of ₹547 crore in the third quarter of current financial year (Q3FY26), marking a decline of 28% from ₹757 crore in the same period last year.

Groww's revenue from operations, however, advanced 25% to ₹1,216 crore in December quarter from ₹975 crore in the year-ago period.

Groww reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit rose 19% to ₹720 crore and its EBITDA margin came in at 59%.

The company informed exchanges that Billionbrains Garage Ventures will acquire stake in Groww Asset Management Limited (Groww AMC).

"The purpose of the acquisition is to meet certain working capital needs and pursue further growth opportunities. On completion of the said transaction, Groww AMC will continue to remain a wholly owned subsidiary of the Company," Groww said in an exchange filing.

The company also said that State Street Global Advisors, part of State Street Investment Management, will invest ₹580 crore in Groww AMC resulting in the equity dilution of up to 23%.

"With our asset management business at an inflection point, ₹41,888 million in AUM and 12 million unique investors as of December 2025, choosing a global partner with scale, credibility and best practices was important for us. This strategic relationship with SSIM allows Groww to access knowledge quantitative and passive (index) investment management strategies with strengthening our balance sheet to enable us to pursue the next phase of growth and expansion," Groww said on investment by State Street Investment Management.

Groww in an investor presentation said that new products like margin trading facility, commodity derivatives and Fisdon saw sharp adoption and their share increased.

As of 1:05 pm, Groww shares traded 1.78% higher at ₹165.60, outperforming the NIFTY50 index which was trading on a flat note.