Groww: The Q3 earnings of Parent Billionbrains drops by 28%

Rekha Prajapati "Journalist"January 14, 2026

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Groww: 14 The parent firm of the stockbroking platform Groww, Billionbrains Garage Ventures, revealed a steep decline in earnings for the third quarter of the fiscal year 2026 (Q3 FY26) on Wednesday.

In Q3 FY26, the company’s consolidated net profit fell 27.8% year-over-year (YoY) to Rs 546.93 crore from Rs 757.11 crore in the same period of the previous fiscal year.

However, according to its stock market statement, income from operations increased 24.8% to Rs 1,216.07 crore from Rs 974.53 crore reported a year earlier.

The company’s performance was worse when considered separately. In the December quarter, profit after tax decreased 36.7% year over year (YoY) to Rs 428.45 crore from Rs 677.46 crore during the same time in the prior fiscal year.

However, according to the company’s investor presentation, adjusted EBITDA increased during the quarter, reaching Rs 741.80 crore from Rs 598.1 crore in Q3 FY25.

Groww added users at a strong rate during the last year, even while the broking sector as a whole saw a decline.

The company’s overall number of transacting users increased by 25% and surpassed 2 crore. Additionally, active users grew by 7.5% on a quarterly basis.

Groww added 2.17 lakh active NSE customers in Q3, making it the only large broker to report growth in all three months of October, November, and December.

Year-over-year, the platform’s overall client asset value increased by 39%.

Additionally, Groww improved its standing on the stock market. Its cash equity market share increased from 21.6% in Q1 of last year to 28.8% in Q3.

During that time, the company’s market share in equity derivatives rose dramatically from 12.2% to 18.1%.

The average daily turnover of retail cash increased by 21% to Rs 11,331 crore, while the average daily turnover of retail derivatives increased by 45% to Rs 11,483 crore.

Groww’s market share increased slightly from 12.3% to 13.7% in the mutual fund sector.

SIP inflows via the platform, however, showed robust growth, rising 30% year over year to Rs 12,328 crore in Q3 from Rs 9,476 crore in the previous quarter.