• Groww posts Rs 471 crore profit in Q2 FY26, driven by tighter cost controls and improved operational efficiency
• Revenue slips 9% YoY to Rs 1,019 crore as market-linked income moderates
• Lower expenses, especially a sharp drop in employee and finance costs, significantly boost quarterly earnings

Digital investment platform Groww India reported a strong second quarter for FY26, posting a profit of Rs 471 crore even as revenue declined year-on-year. The company announced its quarterly results shortly after making its public-market debut earlier this month.

Groww’s revenue from operations fell 9.4% to Rs 1,019 crore in Q2 FY26, compared to Rs 1,125 crore in the same period last year, according to its filing on the NSE. An additional Rs 52 crore in other income pushed its total income to Rs 1,071 crore, marking a 13% rise quarter-on-quarter from Rs 904 crore in Q1.

For the first half of FY26, revenue stood at Rs 1,923 crore, down 9.5% from Rs 2,126 crore in H1 FY25.

A major reason for its improved profitability was a sharp drop in expenses. Employee benefit costs, the company’s largest expense, fell 53% to Rs 124 crore from Rs 264 crore last year. Finance and depreciation costs also came down, contributing to a 37% overall reduction in total expenses, which dropped to Rs 432 crore in Q2 FY26 from Rs 690 crore in Q2 FY25.

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With lower expenses, Groww’s Q2 profit rose 12% from Rs 420 crore a year earlier. Half-yearly profit also grew 12% to Rs 850 crore compared to Rs 758 crore in H1 FY25.

Groww made a solid entry in the public markets, listing at Rs 114 on BSE, a 14% premium over its issue price. It’s Rs 6,632 crore IPO saw strong investor interest and was oversubscribed 17.6 times across categories. As of 11:12 AM today, Groww’s stock trades at Rs 164, valuing the company at Rs 1,01,166 crore ($11.4 billion).