Groww Financial Performance: Profit Surges 54% in Q2 FY27

Groww, a prominent digital investment platform, has announced impressive financial results for the second quarter of FY27. The profit for this financial period has increased by nearly 54% year-on-year, reaching Rs 725 crore. In addition, the company achieved a remarkable 47% year-on-year growth in its operational revenue during this quarter.

Operational Highlights of Groww in Q2 FY27

According to the financial data obtained from the NSE, Groww’s revenue from operations increased to Rs 1,502 crore in Q2 FY27, up from Rs 1,019 crore in the same quarter last year. The company also generated an extra Rs 39 crore from other income sources, raising its total income to Rs 1,540 crore for the quarter.

Cost Analysis and Financial Metrics

On a quarter-on-quarter comparison, the operational revenue remained mostly unchanged from Rs 1,501 crore recorded in Q1 FY27. The largest expense for Groww was employee benefits, which amounted to Rs 169 crore, making up over 30% of the total expenses for Q2 FY27. Additionally, the finance costs and depreciation expenses were recorded at Rs 4.7 crore and Rs 18.2 crore, respectively.

Expenditure Overview

The firm led by Lalit Keshre observed a 28% year-on-year rise in total expenditure, reaching Rs 556 crore in Q2 FY27, compared to Rs 433 crore in the corresponding quarter of the previous year. The profit growth of Groww was substantial, with a 54% increase to Rs 725 crore in Q2 FY27, compared to Rs 471 crore in Q2 FY26. However, there was a slight decline of 2% in profit on a quarter-on-quarter basis from Rs 725 crore in Q1 FY27.

Market Position of Groww

According to data from the NSE, Groww has maintained its status as India’s leading stockbroker, attracting over 1 lakh new active clients in September. The platform concluded the month with 1.34 crore active clients, securing a 29.16% market share.