Groww’s Q2 profit after tax jumps 25% QoQ to 471 crore, driven by expanding user base and strong asset growth

Bengaluru: India’s largest and fastest-growing investment platform, Groww, has delivered a strong Q2 FY26 performance, with total transacting users rising to 19 million, marking a 27% year-on-year increase. Customer assets surged 33% year-on-year to ₹2.7 trillion, driven by resilient flows in both mutual funds and equities; mutual fund AUM expanded 45% to cross ₹1,400 billion, while stocks AUM increased 22% to ₹1,176 billion.

Financially, Groww’s profit after tax soared 12% on year-on-year basis and 25% on quarter-on-quarter basis, while PAT margin stood at a healthy 44%. Groww’s total income for the quarter crossed ₹10.7 billion, posting a 13% quarter-on-quarter rise.

Groww’s market share among NSE active clients increased from 25.6% to 26.3%. The company’s average daily turnover for the cash segment jumped from 17.7% to 25.8% and for the derivatives segment jumped from 10.7% to 17.3% on a year-on-year basis.

A sharp focus on efficiency was evident, as the cost-to-serve ratio fell to 12.5% of revenue from 14.6% the previous year, and the firm maintained a lean operating structure even as it scaled up branding and technology investments. Cash reserves stood at about ₹36 billion at quarter-end after a ₹9.6 billion outlay for the acquisition of Fisdom, positioning Groww well for ongoing investments in its MTF and credit business.

In this quarter, Groww launched primary bonds, commodity trading, and 915.trade – a desktop trading terminal for pro traders.