Billionbrains Garage Ventures Ltd., the parent company of Groww, reported its Q2 FY26 financial results for the quarter ended September 30, 2025, delivering healthy growth in revenue and profitability.
The company posted revenue from operations of ₹1,018.74 crore in Q2 FY26, up from ₹904.39 crore in the previous quarter. Total income for the quarter stood at ₹1,070.80 crore, compared with ₹948.47 crore in Q1 FY26.
Groww recorded total expenses of ₹432.60 crore, slightly lower than the ₹444.67 crore reported in Q1 FY26. Employee benefits stood at ₹123.76 crore, finance costs at ₹11.03 crore and depreciation at ₹6.80 crore.
Profitability improved sharply, with the company reporting profit before tax (PBT) of ₹637.68 crore, up from ₹503.18 crore in the June quarter. Total tax stood at ₹166.34 crore.
After tax, Groww posted a net profit of ₹471.34 crore, compared to ₹378.37 crore in Q1 FY26 and ₹420.16 crore in Q2 FY25, indicating consistent growth.
For the six months ended September 30, 2025, revenue from operations reached ₹1,923.14 crore, while net profit stood at ₹849.71 crore, reflecting strong year-to-date performance.
YoY Comparison Table (All figures in ₹ crore)
| Metric | Q2 FY26 (₹ crore) | Q2 FY25 (₹ crore) | YoY Change |
|---|---|---|---|
| Revenue from operations | 1,018.74 | 1,125.39 | -9.5% |
| Other income | 52.06 | 34.66 | +50.2% |
| Total income | 1,070.80 | 1,160.05 | -7.7% |
| Employee benefits expense | 123.76 | 264.21 | -53.1% |
| Finance cost | 11.03 | 8.64 | +27.6% |
| Depreciation & amortisation | 6.80 | 6.25 | +8.8% |
| Other expenses | 291.01 | 310.70 | -6.3% |
| Total expenses | 432.60 | 589.80 | -26.6% |
| Profit before tax | 637.68 | 569.99 | +11.9% |
| Tax expense | 166.34 | 149.83 | +11.0% |
| Net profit | 471.34 | 420.16 | +12.2% |
