Fintech platform Groww, operated by Billionbrains Garage Ventures Ltd., reported a sharp 122% year-on-year (YoY) jump in net profit for the March quarter (Q4 FY26), with profit rising to ₹686 crore from ₹309 crore in the same period last year.

Revenue for the quarter rose 87.9% YoY to ₹1,505 crore, compared to ₹801 crore a year earlier, indicating strong user activity and higher transaction volumes on the platform. The sharp uptick stresses continued traction in Groww’s broking and financial services ecosystem.

Operating performance strengthens

At the operating level, EBITDA surged 142% YoY to ₹938 crore, up from ₹388 crore in Q4 FY25. The company also reported improvement in profitability, with EBITDA margins expanding to 62.35% from 48.46% a year ago. The margin expansion highlights operating leverage benefits as revenue growth outpaced cost increases.

Total expenses remained relatively contained at ₹5,991 crore in the quarter, allowing a larger share of incremental revenue to flow through to the bottom line. Profit before tax for the quarter more than doubled to ₹9,356 crore, compared to ₹4,136 crore in the corresponding period last year.

Full-year performance remains steady

For the full financial year FY26, Groww reported a net profit of ₹2,083 crore, up from ₹1,824 crore in FY25, marking a growth of around 14% YoY. Annual revenue stood at ₹46,445 crore, compared to ₹39,017 crore in the previous year, indicating consistent growth despite a high base.

The company’s balance sheet expanded substantially, with total assets rising to ₹1.85 lakh crore as of March 31, 2026, from ₹1.00 lakh crore a year earlier. Groww also maintained a strong liquidity position, with cash and cash equivalents at ₹11,654 crore, providing flexibility for future investments.

During the year, the company continued deploying IPO proceeds towards technology infrastructure, marketing, and investments in key subsidiaries. Acquisitions and investments remain central to Groww’s plan to expand beyond broking into a broader financial services platform.

Groww said nominee director Ashish Agrawal has resigned from the board with effect from April 20, 2026. The company noted that Agrawal also stepped down from key committees, including the corporate social responsibility committee and the stakeholders’ relationship committee.

The shares of Groww rose 3.63% to an intraday high of ₹205.55 apiece on the NSE on Monday. The stock has gained about 70–80% since listing in November 2025.