Groww Q2 results: Profit soars 12% despite revenue drop — here's what you need to know!

The company’s revenue fell 9.5% year-on-year, though it improved sequentially from ₹904.4 crore in Q1 to Rs. 1,018.7 crore, a rise of 12.6%. EBITDA stood at Rs. 604.0 crore, with margins expanding to 59.3%, up from 53.4% in the previous quarter.

While the revenue decline highlights some pressure on the top line, the growth in profits and margins signals operational efficiency and stronger cost management.

Analysts note that sequential growth in revenue and profits points to an improving business trajectory, supported by user growth and increased engagement.

Investors will be watching closely how Groww leverages these gains in upcoming quarters amid competitive pressures in the fintech space.

On November 12, Groww was listed at Rs. 112 with a premium of 12 percent above the issue price.

The firm had received a sound response during the subscription period from November 4 to 7.

The price band of Groww shares was kept at Rs. 95-100 per share with a lot size of 150 shares.

The IPO of Rs. 6,632 crore had witnessed an overall subscription of Rs. 17.6 times.

Prior to listing, the Groww shares were securing a Grey Market Premium (GMP) of Rs. 5 in the unofficial market. The GMP surged to Rs. 11 during the bidding.

Groww shares tumbled in the last two sessions with prices declining nearly 17 percent.

What is Groww?

Groww is an Indian fintech company, headquartered in Bengaluru, Karnataka. 

It was founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh — all former employees of Flipkart. 

Originally, Groww began as a platform for direct mutual-fund investments (simplifying access for retail investors).

Over time it expanded into equity trading, futures and options, IPOs, ETFs and even U.S. stocks.