The September quarter turned into a strong financial stretch for Groww, with the company posting a steady jump in profitability despite a softer revenue line. The numbers tell their own story, and the movement in expenses and income made this quarter particularly interesting for market watchers tracking Groww Q2 Results as part of the broader stock market today updates.
Market Performance: Profitability Gains Momentum
Groww’s bottom line saw a healthy lift as both year-over-year and sequential growth trends lined up.
Q2 Profit Highlights
- Net profit: ₹471.3 crore
- YoY growth: 12% (from ₹420.1 crore)
- Sequential growth: 24.6% (from ₹378 crore)
A significant push came from other income, which rose to ₹52 crore, compared to ₹34.6 crore a year earlier. This additional cushion helped strengthen overall profitability despite weaker revenue figures.
Main News: Revenue, Costs, and Margins
While profit grew, revenue moved in a different direction on a year-over-year basis.
Revenue & Expense Breakdown
- Revenue from operations: ₹1,018.7 crore
- YoY decline: 9.5% (from ₹1,125.3 crore)
- Sequential rise: 12.7%
- Total expenses: ₹432.59 crore
- YoY decline: 27% (from ₹589.79 crore)
This sharp drop in expenses played a crucial role in strengthening operating performance during the quarter.
EBITDA & Margins
- EBITDA: ₹603.3 crore
- YoY growth: 9.7% (from ₹550 crore)
- Sequential growth: 25%
- EBITDA margin: 59.3%
- Last year: 48.9%
- Last quarter: 53.4%
The widening of margins shows how operating efficiency improved despite revenue fluctuations.
Company Details: User Mix & Engagement Trends
The platform’s user activity remained a key driver this quarter. New user additions, along with deeper engagement from existing users, shaped revenue momentum.
User Metrics
- Active users: increased 3.2% QoQ
- New users: contributed 4.5% of the 13% revenue growth.
- Existing users: drove the remaining growth.
Product Mix in Q2
- SIP-first users: 36% of new users (up 7 percentage points YoY)
- Stocks-first users: 37% (down 15 percentage points YoY)
- ETF-first users: 6% (six times higher YoY)
- IPO-first users: 6% (double YoY)
The shift shows how user preferences are expanding across mutual funds, ETFs, and IPO-linked investments.
The company also noted declining penetration in derivatives, while engagement grew in products like mutual funds, equity trading, PL+LAS, and margin facilities.
Groww Share Price Today
On the stock market, movement remained active through the session.
- Opening price: ₹156.47
- Intraday high: ₹168.45
- Intraday low: ₹156.14
These numbers reflect the trading interest around the quarterly performance and the overall sentiment flowing through the stock market today.
Summary
The Groww Q2 Results painted a mixed yet resilient picture, with profit rising sharply, expenses dropping meaningfully, and user activity strengthening across categories. Revenue saw a year-over-year dip but bounced back sequentially, supported by higher other income and improved operating leverage.
With profitability expanding and engagement deepening, the second quarter added another steady chapter to Groww’s financial progress in the evolving digital investing landscape.
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