Groww Parent Company Shares Climb on Strong Quarterly Performance
Investors showed clear confidence in Groww's latest financial update. Shares of Billionbrains Garage Ventures, the parent company of the popular stockbroking platform Groww, jumped 4.2% during Wednesday's trading session on January 14. The stock reached an intraday high of ₹169.40 per share, reflecting positive market sentiment.
Q3FY26 Financial Results: A Mixed Picture with Strong Underlying Growth
The company officially released its third-quarter results for the fiscal year 2026 today. On the surface, the consolidated net profit showed a decline. It fell 28% year-over-year to ₹547 crore, compared to ₹757.11 crore in the same quarter last year.
However, this decrease stems primarily from a one-time factor. The previous year's Q3 included a special gain of ₹315 crore, net of taxes. Excluding this exceptional item, the picture changes dramatically. The operating profit after tax actually increased by a healthy 24% from ₹442 crore year-over-year. This net profit figure is attributable to the company's shareholders.
Robust Revenue Growth and User Expansion
The topline performance was particularly strong. Consolidated revenue from operations surged to ₹1,216 crore in Q3FY26. This marks a solid 25% increase from the ₹974 crore reported in Q3 of the previous fiscal year.
Operational efficiency also improved. The company's adjusted EBITDA for the quarter stood at ₹742 crore. This represents a 19% sequential growth from ₹624 crore in Q2 and a 24% increase compared to ₹598 crore in Q3 last year.
User growth remained a key highlight. Groww's total transacting user base expanded by 25%, successfully crossing the significant milestone of 2 crore customers. This achievement is notable given the reported industry-wide slowdown over the past year.
Market Share Gains and Trading Activity
Groww strengthened its position in the competitive brokerage landscape. The company was the only major broker to record growth in active clients during each month of the quarter—October, November, and December. It added 2.17 lakh new NSE active clients on the broking side, with active users growing 7.5% quarter-on-quarter.
Market share data tells a compelling story. Groww's share in the stock segment rose from 21.6% in Q3FY25 to 28.8% in Q3FY26. Its share in equity derivatives also saw a substantial increase, moving from 12.2% to 18.1% over the same period.
Trading activity reflected this growth. Retail cash average daily turnover grew 21% to ₹11,331 crore from ₹9,394 crore. Retail derivatives average daily turnover saw an even stronger rise of 45%, reaching ₹11,483 crore from ₹7,918 crore.
Total customer assets under the platform witnessed a significant 39% year-over-year increase, according to the official earnings filing.
Corporate Developments and Share Price Journey
In a separate filing, the company announced plans to acquire additional shares in Groww Asset Management Limited, a wholly-owned non-material subsidiary. The quarter also saw a major investment in this arm, with State Street Investment Management injecting $65 million, approximately ₹580 crore, into Groww AMC.
The share price has shown resilience recently. After experiencing volatility in December following the expiry of a lock-in period for pre-IPO investors, the stock has rebounded this month, gaining nearly 8% so far.
Groww shares made a spectacular market debut on October 12, listing at ₹131.3 apiece—a 31% premium to the IPO price of ₹100. The momentum continued, with the stock price soaring to ₹193.80 within just five sessions, almost doubling investor wealth and marking one of the strongest post-listing performances among mainboard IPOs in 2025.
At current price levels, the stock trades 68% above its initial public offering price.
Disclaimer: Investors are advised to consult with certified financial experts before making any investment decisions.
