Groww reported a mixed financial performance for the third quarter, marked by a year-on-year decline in profitability but steady sequential growth across key operating metrics.
During Q3, Groww posted a net profit of ₹547 crore, registering a 28% decline compared to ₹757 crore reported in the corresponding quarter last year. The year-on-year contraction in profit highlights the impact of higher operating costs and a tougher base effect. However, on a sequential basis, net profit improved by 16% from ₹471 crore in Q2, indicating a recovery in earnings momentum.
Revenue performance remained robust in the December quarter. Groww’s operating revenue rose 19.4% quarter-on-quarter to ₹1,216 crore, up from ₹1,019 crore in the previous quarter. The growth was driven by sustained user engagement, higher transaction volumes, and improved monetisation across its investment and financial services offerings.
Operating profitability also strengthened sequentially. EBITDA for Q3 stood at ₹720.3 crore, reflecting a 19% increase over ₹604 crore reported in Q2. Despite the rise in absolute EBITDA, the EBITDA margin remained flat at 59% on a quarter-on-quarter basis.