Groww Q3 Results: Billionbrains Garage Ventures Reports 28% Drop in Net Profit; Revenue Rises 25% YoY

Billionbrains Garage Ventures, the parent company of online brokerage Groww, reported a 28% year-on-year drop in its consolidated net profit for Q3 FY26. For the quarter ended December 31, 2025, the company posted a net profit of Rs 547 crore, down from Rs 757 crore in the same period last year. The decline was largely driven by higher operational and employee expenses.

Groww Q3 Results FY26: Billionbrains Garage Ventures' Profit Falls 28% as Expenses Rise; Revenue Grows 25% YoY

Despite the drop in profit, Groww's revenue from operations increased 25% YoY to Rs 1,216 crore. On a standalone basis, the company earned Rs 785 crore in revenue from operations, up from Rs 675 crore in Q3 FY25.

Billionbrains Garage Ventures Q3 Results 2026: Expenses and Profit Before Tax

Total expenses for the quarter came in at Rs 515 crore, which included employee benefits, finance costs, depreciation, and other operational costs. Profit before tax stood at Rs 745 crore, while the total tax expense was Rs 198 crore, resulting in a consolidated net profit of Rs 547 crore.

For the nine months ended December 31, 2025, Billionbrains Garage Ventures recorded revenue from operations of Rs 3,139 crore and a net profit of Rs 1,397 crore. The company's total comprehensive income for the period reached Rs 1,404 crore, indicating steady growth over the year.

Groww Board Meeting Today: Strategic Investment in Groww AMC Announced

On January 14, 2026, the company's board met and approved these unaudited standalone and consolidated financial results. The board also cleared an additional investment in Groww Asset Management Limited and approved execution of definitive agreements with State Street Global Advisors, Inc., for a significant minority stake in Groww AMC.

State Street Global Advisors, Inc. will invest through a combination of primary subscription and secondary share purchase. The total planned investment in Groww AMC is nearly Rs 580 crore, with Billionbrains expected to receive around Rs 381 crore from the sale of its shares.

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