Billionbrains Garage Ventures, the parent company of Indian online brokerage firm Groww, reported a rise in adjusted profit for the third quarter on Wednesday, sending its shares 3% higher.
Groww, founded almost a decade ago and listed on the stock market last year, posted a consolidated net profit of 5.47 billion rupees ($60.64 million) for the quarter ended December 31, down from 7.57 billion rupees a year ago.
However, profit grew 24% on an adjusted basis as the company clocked a one-time gain of 3.18 billion rupees on its expense account in the year ago quarter due to the cancellation of some employee-related incentives.
The one-off adjustments will normalise from the next quarter onwards, the company added.
Shares of the firm which fell as much as 3.07% briefly after the results, reversed course and were last up 3% to 167 rupees.
Active users climbed to 16 million, up 8% from last quarter, a filing showed.
Groww, country’s largest online investment platform by active users, has been steadily adding users amid a surge in retail investor participation, driven by a retail trading frenzy in India. The firm, which competes with Angel One ANGO.NS, Motilal Oswal Financial Services MOFS.NS and Zerodha, offers trading in equities, mutual funds and fixed-income products.
The company reported a nearly 25% year-on-year rise in revenue from operations to 12.16 billion rupees, with expenses of 5.16 billion rupees.
It recorded a charge of 53.05 million rupees in the December 2025 quarter tied to the changes in labour codes, it said on Wednesday.
Reuters
