Billionbrains Garage Ventures, the parent company of online brokerage firm Groww reported a 28% year-on-year(YoY) decline in its consolidated net profit at Rs 547 crore in Q3FY26 from Rs 757. crore in Q3FY25.
Despite the fall in profit, total income during the quarter rose 26% to Rs 1,261 crore, compared with Rs 1,004 crore reported in Q3FY25.
Q3FY26 highlights
Revenue Revenuefrom operation stood at Rs 1,216 crore, up 24.78% YoY, from Rs 974.5 crore reported in Q3FY25
On a sequential basis, Profit after tax (PAT) grew 16% from Rs 471 crore reported Q2 FY26.
The Bengaluru-headquartered firm said that the year-on-year decline was largely due to a one-time post-tax gain of Rs 315 crore recorded in Q3 FY25. Excluding this exceptional item, operating PAT increased by a robust 24% year-on-year to Rs 442 crore.
The company also recorded a charge of Rs 5.3 crore in the December 2025 quarter, tied to the changes in labour codes, it said on Wednesday. On a consolidated basis, Groww clocked total expenses Rs 515.5 crore. In Q3FY25, Groww cancelled some employee-related incentives, which resulted in a gain of Rs 17.73 crore on the expense account.
Meanwhile, State Street Investment Management invested $65 million (Rs 580 crore) in Groww AMC in a strategic partnership to bring world-class capabilities and global investment products to India, and vice versa.
During the quarter, Groww continued to gain market share across key segments. Its share in the cash equities segment expanded from 21.6% in Q3 FY25 to 28.8% in Q3 FY26, while its market share in equity derivatives jumped from 12.2% to 18.1% over the same period.
This marks the company’s second set of quarterly results since its stock market debut in November 2025. Groww is India’s largest online investment platform by active users and offers trading in equities, mutual funds and fixed-income products.
Share Price of Groww
Shares of Billionbrains Garage Ventures (Groww) were trading 2.30% higher at Rs 166.43 on the BSE. The stock has gained 27.73% in past three month. On year-to-date basis the stock has gained 7.66%.