After two days of steep losses, shares of Billionbrains Garage Ventures, the parent of online investment platform Groww bounced back in early trade on Friday. In the today’ trading session, the share price of Groww moved up nearly 6%.
This rally in the stock price can be seen as a result of investors shifting focus to the company’s September quarter earnings announced today.
Groww: Q2 results
Groww, posted a consolidated net profit of Rs 471.4 crore for the July–September quarter of financial year 2026. This is about 12% higher than the Rs 420.16 crore it earned in the same quarter last year. The company announced these numbers in its first quarterly results since making its stock market debut earlier this month.
Groww: Earnings buzz returns attention to the stock
The company through the regulatory filings announced that its Board of Directors will meet on Friday, November 21, to consider the unaudited standalone and consolidated financial results for the July–September period.
Groww also said it will hold an earnings call at 4:00 p.m. Indian Standard Time (IST) to discuss the numbers. As per the regulatory filing, “the company will hold an earnings conference call…to discuss the unaudited financial results.”
Groww: A volatile week after a strong listing
Groww has had a hectic trading journey since its listing on November 12. The stock hit its upper circuit of Rs 178.23 on Monday (November 17), jumping 20% on the National Stock Exchange. In addition to this, the rally took the company’s market valuation beyond the Rs 1 lakh crore mark.
But the gains did not last. On Tuesday and Thursday, the stock corrected sharply. According to market analyst, the fall was mainly due to profit booking after the massive post-listing surge.
The company had clarified earlier in the week that the Board meeting and earnings call were scheduled for Friday. As per the exchange filing, the Board will “consider and approve the unaudited…financial results” for the quarter and half-year ended September 30, 2025.
Groww IPO: Key snapshot of the issue
Groww’s initial public offering (IPO) drew huge demand, with subscriptions reaching 17.60 times on the final day. Before that, the company raised over Rs 2,984 crore from anchor investors.
The price band was set at Rs 95-100 per share, valuing the company at over Rs 61,700 crore. The IPO includes a mix of both fresh issues and an offer-for-sale. It comprises a fresh issue of Rs 1,060 crore and an Offer for Sale (OFS) of 55.72 crore shares.
Groww: Business overview of the company
Groww was founded in 2016 and is headquartered in Bengaluru. The company has grown rapidly in the online broking space. It had over 12.6 million active clients and a market share of more than 26% as of June 2025.
