Groww Shares Surge 6% Following Substantial Increase in Q4 Net Profit

Billionbrains Garage Ventures Shares Surge 6% on Strong Q4 Earnings

Shares of Billionbrains Garage Ventures, the parent company of stock broking platform Groww, surged more than 6% on Tuesday, a day after the company reported strong March quarter earnings. The company's stocks were trading at Rs 208.01, up Rs 11.90 or 6.07% in Tuesday trade.

Billionbrains Garage Ventures posted a consolidated net profit of Rs 686 crore for Q4 FY26, a significant increase of 122% from Rs 309 crore reported in the same quarter last year. The company's total income rose by 81 percent to Rs 1,536 crore in the March quarter from Rs 850 crore it reported during the same period of the previous fiscal year.

According to the company's latest financials, Groww Co-founder Ishan Bansal said there has been no change in options trading volumes after the securities transaction tax (STT) hike, while futures volumes have seen a 5-10% impact. He also noted that IPL-related costs are expected at Rs 50-60 crore in Q1 FY27, while annual marketing expenses are likely to remain in the Rs 450-500 crore range.

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Bansal said the company expects better revenue growth in FY27 and continues to target annual revenue growth of 25-30%, subject to supportive market conditions. He also said Fisdom's revenue growth is expected to be nearly double, with slower cost growth, and the business is likely to turn profitable by FY28.

In addition, Bansal noted that Groww's AMC business generated Rs 10-12 crore revenue in FY26 and would need to grow 5-6 times to achieve profitability. Discussions are underway with regulators to reduce margin trading facility (MTF) restrictions and allow mutual funds as collateral for availing MTF. The company's cash market share has improved despite weak market conditions due to low customer churn, while ARPU continues to rise as customers mature.