Synopsis
Billionbrains Garage Ventures, operating Groww, saw operating revenue surge 87% to Rs 1,505 crore in the March quarter of FY26. Full-year revenue reached Rs 4,644 crore. Net profit more than doubled to Rs 686 crore in the quarter. The company invested Rs 961 crore to acquire wealthtech startup Fisdom, bolstering its wealth management offerings.Listen to this article in summarized format
The Peak XV Partners-backed startup closed the full year with total revenue of Rs 4,644 crore, up 19% from Rs 3,901.7 crore in FY25. Total profit for FY26 stood at Rs 2,083 crore.
Net profit for the March quarter came in at Rs 686 crore, more than doubling from Rs 309 crore a year back, mainly on stronger cost control by the Bengaluru-based fintech company.
In terms of major cost items, Groww’s employee expenses climbed 44% year on year to Rs 173 crore in the March quarter. Other expenses, which typically include marketing costs, rose 34% to Rs 393 crore year on year, from Rs 292 crore in the comparable period.
Overall, expenses shot up 37% to Rs 599 crore in the March quarter from Rs 435 crore a year back.
Of its total IPO proceeds of Rs 1,016 crore, the company said that it had spent Rs 104 crore on marketing and brand building until March. And Rs 850 crore has been used to fund the margin trade financing business, it added. The amount was used to capitalise its subsidiary Groww Invest Tech.
The company disclosed that it has invested Rs 961 crore to acquire wealthtech startup Fisdom, doubling down on its wealth management bet.
The company’s shares were trading at Rs 198.6, up 0.2%, at 2 pm.
