Groww reported a consolidated net profit of ₹7.3 billion for the second quarter, marking a significant increase from ₹4.7 billion in the corresponding period last year. The result exceeded the analyst estimate of ₹6.8 billion.

Financial performance

The fintech platform’s revenue stood at ₹15 billion, compared to ₹10.2 billion in Q2 of the previous year. This growth was accompanied by improved profitability metrics, with EBITDA rising to ₹9.68 billion from ₹6.04 billion YoY.

What the numbers show

The divergence between revenue growth and profit growth highlights operating leverage. While revenue expanded by approximately 47%, net profit grew by over 55%. This indicates that the company is scaling faster than its cost base, resulting in an EBITDA margin expansion of 515 basis points to 64.44%. The high margin structure suggests efficient cost management relative to the rapid top-line growth.

Billionbrains Garage Ventures Limited , operating under the brand Groww, approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board also cleared the reclassification of certain promoter group members from the "Promoter Group" category to the "Public" category.

The decision follows a request received for reclassification, which was subject to necessary approvals under Regulation 31A of the SEBI Listing Regulations. The company stated it is in the process of making the required applications and submissions with the stock exchanges.

Board meeting details

The board meeting commenced at 10:45 am and concluded at 12:35 pm on October 14, 2026. The unaudited financial results were enclosed along with the Limited Review Report received from statutory auditors M/s. BSR & Co. LLP, Chartered Accountants.

Promoter group changes

The reclassification moves specific individuals or entities out of the promoter group into the public shareholder category. This action was taken pursuant to requests made earlier, as intimated by the company on October 12, 2026. The change is conditional upon receipt of all prescribed approvals from the regulatory authorities.

The information regarding these outcomes has been made available on the company's website in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.