Groww Q1 FY27 Results: Net profit jumps 94% to ₹735 crore, revenue rises 66% to ₹1,501 crore as EBITDA more than doubles

Billionbrains Garage Ventures Limited, the parent of stockbroking and wealth-tech platform Groww, reported its Q1 FY27 results on July 15, 2026. The company is India's largest direct mutual fund distribution platform by AUM and one of the country's leading discount brokers by active client base.

Revenue from operations for the June quarter rose 66% YoY to ₹1,501.42 crore from ₹904.40 crore in Q1 FY26, but slipped 0.3% QoQ from ₹1,505.37 crore in Q4 FY26. Total income, which includes other income, rose 63.3% YoY to ₹1,548.67 crore, up about 1% QoQ.

Total expenses came in at ₹555.68 crore, up 24.96% YoY, while declining 7.3% QoQ. EBITDA more than doubled to ₹971 crore in Q1 FY27, up 100.85% YoY from ₹483 crore in Q1 FY26. PAT margin expanded to 47.5%, an improvement of 7.6 percentage points from a year earlier, which the company attributed to operating leverage across cost heads.

The revenue mix continued shifting away from equity derivatives: Margin Trading Facility's (MTF) contribution to total income rose 1.1 percentage points QoQ, and commodity derivatives added another 0.4 percentage points QoQ.

Groww Q1 FY27 Results: Client Additions And Market Share

Groww added 1.15 lakh net NSE active clients in the June quarter, even as the broking industry as a whole lost around 2.57 lakh active clients. The company said better retention, product quality and user experience helped offset weaker new sign-ups amid a slowdown in IPO and ETF activity.

The company’s retail average daily turnover (ADTO) market share in stocks stood at 15.1% for the quarter, down QoQ after the company introduced tighter risk controls, but still 3.3 percentage points higher than a year ago. In commodity derivatives, retail market share (notional ADTO across MCX and NSE) rose to 28.6%, with active users at 4.35 lakh, up 10.7% QoQ.

In mutual funds, Groww retained its position as India's largest direct MF distribution platform with ₹1.9 lakh crore of direct MF AUM. Monthly SIP inflows grew 32% YoY, twice the industry's 16% growth rate.

Groww Q1 FY27 Results: Lending And AMC Business

The overall credit book grew 11.8% during the quarter, led by Loans Against Securities (LAS). The secured book now makes up 18.5% of the total book, up from 13.5% in the previous quarter. Disbursements through Groww Credit Services (GCS) rose 26.1% QoQ, with LAS contributing 35% of total disbursements.

Groww AMC's assets under management grew around 140% YoY. The company also said it has received SEBI and Competition Commission of India (CCI) approvals for State Street Global Advisors' strategic investment in Groww AMC.

Groww Q1 FY27 Results: Management Commentary

In a letter to shareholders, the company said AI continues to be used to cut customer response times, strengthen research capabilities and speed up product development, adding that it expects to keep investing in AI without a material hit to margins given the benefits of scale. On its market share moves in stocks, the company said the QoQ dip in ADTO share followed risk controls it had put in place, even as its share stayed well above year-ago levels. It added that it expects revenue diversification away from equity derivatives to continue in the coming quarters, given that segment's sensitivity to market volatility. The company also flagged continued expansion of its wealth advisory platform 'W' and its bond investment offerings as part of a broader financial-services push.

Groww Share Price

Shares of Groww were trading 4.71% higher at ₹213.39 apiece on the NSE on Wednesday at 11:54 am, taking its market capitalisation to ₹1,33,451.95 crore. The stock had hit a 52-week high of ₹227.20 on April 29, 2026, and a 52-week low of ₹112 on November 12, 2025. It has gained 10.35% over the past week, 2.56% over the past month, and 36.93% year-to-date.

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