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Informist, Wednesday, Jul. 15, 2026

By Adhithya Aji

MUMBAI – A sequential fall in expenses supported Billionbrain Garage Ventures, the parent company of online trading platform Groww, to report a healthy gain in its June quarter net profit. The bottom line was above the Street's expectations, while top line was in line. The company said its net profit surged on year as operating leverage played out across all cost buckets.    

The online trading platform reported a consolidated net profit of INR 7.35 billion, up over 7% sequentially. The bottom line was higher than the Street's view of INR 6.64 billion. On an on-year basis, the net profit rose over 94%. The top line of the company fell marginally on quarter to INR 15.01 billion, and is in line with the analysts' estimate of INR 15 billion. The sales were up 66% on year. 

The total expenses of the company fell over 7% sequentially to INR 5.56 billion. Among the expenses, employee benefits costs rose nearly 5% to INR 1.82 billion. Other expenses, which constituted nearly 63% of the total expenses, fell over 11% sequentially to INR 3.49 billion. Total income of Billionbrains Garage Ventures rose nearly 1% sequentially to INR 15.48 billion. Among this, the other income rose nearly 57% sequentially to INR 473 million.

The earnings before interest, tax, depreciation, and amortisation of the company rose over 3% sequentially while doubled on year to INR 9.71 billion. The total transacting users of Groww rose 24% on year and 4% on quarter to 22 million. The number of active users were 17 million as of Jun. 30. Total Customer Assets of the company were at INR 3.6 trillion. The net flows for the reporting quarter was at INR 230 billion.     

The online trading platform derived 52% of its revenue from equity derivatives in the June quarter as compared to 54.8% in the March quarter, and 56.4% in the corresponding quarter year ago.   

The retail market share in stocks operations was at INR 158.01 billion, or 15.1%, and in margin trading facility it was INR 37.75 billion, or 2.7%, for the June quarter. On the back of increased market volatility in the March quarter, the company implemented certain risk controls in Apr-Jun such as a limit across margin trading facility and intraday. "We believe that these measures somewhat restrained our market share growth in Stocks and MTF," Billionbrains said in an investor presentation. However, despite this the trading platform's stocks average daily turnover gained 48% on year and margin trading facility book grew over 264%.

Groww's market share in equity derivatives segment was at INR 156.61 billion for the June quarter, or 11% as compared to 7.2% a year ago. The market share in mutual funds was at INR 132.29 billion, or 14.1%. Billionbrains said it remains the largest distribution platform for direct mutual funds in India with around INR 1.9 trillion direct mutual funds assets under management. Systematic investment plan inflows grew 32% on year.

"The scale-up in commodities over the past few quarters has been a function of growth in user adoption and industry momentum," Billionbrains said. The online trading platform now has 435,000 commodity derivatives active users, up nearly 11% on quarter. 

Groww asset management company's assets under management were at INR 54.91 billion for the June quarter, up nearly 32% sequentially and more than doubled on year. "We intend to capture whitespaces in the industry through the manufacturing of differentiated mutual funds and ETFs (exchange traded funds), based on customer demand," the company said in the presentation.

In the June quarter, the company added 115,000 net NSE Active Clients, while the overall industry saw a net decline of 257,000 clients. "We believe this performance was supported by our focus on product quality, user experience and trust, resulting in better retention rates than the industry," Groww said.        

The company's product shipping velocity remained high. "Our engineers have seen significant leverage using AI, which has improved our product shipping velocity," Billionbrains said. Groww said it is now focused on leveraging artificial intelligence across the organisation. The online trading platform now offers an AI-enabled mutual fund advisory product – MF Prime. 

Groww said it is well positioned to spearhead the use of AI in investing. The company is in the early stages of using AI in the organisation with customer services through the new software. "While we will make significant investments in AI, given our scale, we do not expect any material impact on our margin," Billionbrains said.  

At 1302 IST, shares of Billionbrains Garage Ventures traded over 4% higher at INR 212.36. The stock was among top gainers in the Nifty 200 index post the June quarter results.  End

Edited by Deepshikha Bhardwaj

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