Groww Reports 28% Profit Drop in Q3 FY26 Amidst Revenue Growth and User Expansion

Groww's parent company, Billionbrains Garage Ventures, reported a 28% year-on-year decline in Q3 FY26 net profit to 547 crore, despite a 25% rise in revenue to 1,216 crore. This profit dip is attributed to a one-time gain in the previous year's quarter. The company highlighted strong user growth, with its transacting user base crossing 2 crore and market share expanding in equities and derivatives, even amidst broader industry slowdowns. Adjusted EBITDA also saw an increase.