Groww Q3 FY26 Profit Falls 28% as Revenue and User Base Grow; State Street Invests Rs 580 Crore in AMC

Billionbrains Garage Ventures, parent of Groww, reported a 28% year-on-year decline in Q3 FY26 net profit to Rs 547 crore, mainly due to a one-time gain in the previous year. Revenue rose about 25% to Rs 1,216 crore, supported by a 25% increase in transacting users and a 39% rise in customer assets. Groww expanded its market share in cash equities and equity derivatives. Separately, US-based State Street Investment Management agreed to invest Rs 580 crore for up to a 23% stake in Groww AMC, aiming to enhance its asset management business and global capabilities.