Groww makes Rs 725 Cr profit on Rs 1,502 Cr revenue in Q2 FY27

New Update

Digital investment platform Groww reported a strong financial performance in the second quarter of FY27, with its profit growing nearly 54% year-on-year to Rs 725 crore. The company also recorded a 47% year-on-year increase in revenue from operations during the quarter.

According to its financial statement sourced from the NSE, Groww’s revenue from operations rose to Rs 1,502 crore in Q2 FY27 from Rs 1,019 crore in the corresponding quarter last year.

The company earned an additional Rs 39 crore from other income, taking its total income to Rs 1,540 crore during the quarter. On a quarter-on-quarter basis, operating revenue remained largely flat compared with Rs 1,501 crore in Q1 FY27.

Employee benefits remained as the largest cost component for Groww at Rs 169 crore, representing over 30% of total expenses in Q2 FY27. Finance costs and depreciation expenses stood at Rs 4.7 crore and Rs 18.2 crore, respectively.

Overall, the Lalit Keshre-led firm reported a 28% year-on-year increase in total expenditure to Rs 556 crore in Q2 FY27, compared with Rs 433 crore in the corresponding quarter last year.

The  Groww’s profit surged 54% year-on-year to Rs 725 crore in Q2 FY27 from Rs 471 crore in Q2 FY26. On a quarter-on-quarter basis, profit declined marginally by 2% from Rs 735 crore in Q1 FY27.

Groww continued to dominate India’s stockbroking industry in September, retaining its position as the country’s largest broker with 1.34 crore active clients and a 29.16% market share, according to NSE data. The platform added over 1 lakh active clients during the month and has consistently accounted for more than 60% of the industry’s net client additions each month. 

Zerodha and Angel One ranked second and third, with market shares of 14.73% and 14.65%, respectively. Meanwhile, new emerging broker Sahi for the consecutive month recorded the fastest growth among the top 20 brokers.

As of 1:19 PM (today), Groww’s share is trading at Rs 193.3, giving the company total market capitalization of Rs 1,23,238 crore (around $12.9 billion).