Editor’s Note
This article reports on the quarterly financial performance of Billionbrains Garage Ventures, the parent company of the investment platform Groww. The figures cited are based on the company’s official disclosure.
The consolidated net profit of Groww’s parent firm, Billionbrains Garage Ventures, rose 12% to ₹471 crore in the second quarter of the financial year (Q2 FY26) on Friday, November 21, compared to ₹420 crore in the same period of the previous financial year.
Shares of Billionbrains Garage Ventures, the parent company of stock broking platform Groww, are seeing heavy buying today, November 21. At the time of writing, the stock was trading up about 6.44% at ₹166.70. With today’s rally, the stock has broken a two-session losing streak. Consequently, the company’s market capitalization has once again crossed the ₹1 lakh crore mark.
In fact, the company has posted strong numbers for the July-September quarter of FY26. Following this news, the stock has surged again today. It is worth noting that the stock’s record high is ₹193.91, which it touched on November 18.
The consolidated net profit of Groww’s parent firm, Billionbrains Garage Ventures, rose 12% to ₹471 crore in the second quarter of the financial year (Q2 FY26) on Friday, November 21, compared to ₹420 crore in the same period of the previous financial year. However, the company’s revenue from operations for the July to September quarter fell 9.4% year-on-year to ₹1,019 crore, compared to ₹1,125 crore in Q2 FY25.
Its operating profit, also known as EBITDA, increased 10% to ₹604 crore from ₹550 crore in the same period last year. Its EBITDA margin also improved to 59.29%, compared to 48.88% in the same period a year ago. The company’s net income for this quarter decreased 7.7% to ₹1,071 crore, from ₹1,160 crore in the same quarter last year.
Groww’s shares were listed on November 12. Its shares were listed on the BSE at ₹114 per share, a 14% premium over the IPO price. Its issue price was ₹95-100 per share. On the other hand, on the NSE, the stock opened at ₹112 per share. However, the returns investors received after the listing were significantly higher than the gains on the listing day itself.
After listing on November 12, Groww’s shares saw continuous strength. As a result, the stock rose nearly 94% from its IPO price in just 5 sessions. However, after that, its shares also saw some decline. Based on today’s share price, its IPO investors are still sitting on a profit of about 67 percent.