Groww shares decline 9%, extends fall for second day; m-cap slips under ₹1 lakh crore
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Billionbrains Garage Ventures, the parent company of Groww, extended its fall for second consecutive day, after it hit the 10% lower circuit yesterday. Today, the shares of the fintech company fell by 9%, to hit a fresh low of ₹154.10.
The company listed itself on the bourses on November 12, at a premium of 14% from the IPO price of ₹100 per share on the BSE, at ₹114, and on the NSE, the stock debuted at ₹112 per share, reflecting a 12% listing gain.
The shares closed 90% above its issue price of ₹100 after recording a sharp rally for five days on Tuesday. On Wednesday, investors booked gains, causing the stock to plunge to hit the lower circuit.
The stock continues to face selling pressure today as well. The fintech's shares are currently trading at ₹157.99, down by 7.48% from yesterday's closing. With this, the current market capitalisation has come down to ₹96,981.03 crore, well below the ₹1 lakh crore mark it had crossed after recording a steep rise for five sessions.
Groww would be announcing its first quarterly results post listing tomorrow, i.e. November 21, which could trigger a market reaction.
Groww has delivered an impressive financial turnaround over the last two years. For the financial year ended March 31, 2025, revenue rose 45% year-on-year to ₹4,061.65 crore, while profit after tax (PAT) surged 327% to ₹1,824.37 crore, compared to a loss of ₹805.45 crore in FY24.
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The company reported EBITDA of ₹2,371.01 crore, a sharp recovery from the negative ₹780.88 crore recorded the previous year. Its net worth climbed to ₹4,855.35 crore in FY25, supported by a solid capital base and consistent profitability.
In Q1 FY26, Groww continued its strong momentum, reporting total income of ₹948.47 crore, PAT of ₹378.37 crore, and EBITDA of ₹418.75 crore.
As of June 30, 2025, Groww’s assets stood at ₹12,713.18 crore, with reserves and surplus of ₹5,506.78 crore and total borrowings of only ₹324.08 crore, underscoring its debt-light, capital-efficient model.