Groww Reports Impressive Q1 FY27 Performance

Groww, the digital investment platform, has showcased a remarkable performance in the first quarter of FY27, with profits soaring to Rs 735 crore, marking nearly a twofold increase. The company experienced a 66% year-on-year surge in operational revenue, surpassing the Rs 1,500 crore threshold this quarter.

The revenue from operations reached Rs 1,501 crore in Q1 FY27, climbing from Rs 904 crore during the same period last year, as per their financial statement obtained from NSE. Additional income of Rs 47 crore contributed to a total income of Rs 1,549 crore for this quarter. On a quarter-on-quarter basis, Groww’s operational revenue remained stable at Rs 1,505 crore in Q4 FY26.

Major Expense Categories for Groww

Employee benefits emerged as the largest expense category for Groww, amounting to Rs 82 crore, which accounted for over 30% of total expenses in Q1 FY27. Finance costs and depreciation expenses were reported at Rs 7.3 crore and Rs 17.6 crore, respectively.

In total, the company experienced a 25% rise in overall expenditure, which hit Rs 556 crore this quarter compared to Rs 445 crore in Q1 FY26. Groww’s profit surged 94% year-on-year, rising from Rs 378 crore in the corresponding quarter last year to Rs 735 crore in Q1 FY27. When observing sequentially, the profits increased by 7% from Rs 686 crore in Q4 FY26.

Market Position and Client Base

According to NSE data, Groww maintains its status as the leading stock broker in the country despite a loss of 6,004 active clients in June. The company concluded the month with 1.30 crore active clients, holding a 28.72% market share.

During this quarter, various early investors of Groww, including Peak XV Partners, YC Holdings, and Ribbit Capital, divested approximately 4.7% of their stakes in the company through bulk deals valued at Rs 5,352 crore.

As of 12:00 PM today, Groww’s shares are trading at Rs 213.53, attributing to a total market capitalization of Rs 1,33,922 crore, approximately $14 billion.