Groww Q2 Results: Profit Climbs 12% YoY Even as Revenue Slips 9.5% — Market Eyes Sharp Moves in the Stock

The Groww Q2 Results landed this week with a mix of steady profit growth and softer revenue, giving investors plenty to decode.

This was also the company’s first quarterly earnings after its market debut earlier in the month, adding even more attention to the numbers.

What stood out was simple: profit expanded, revenue dipped, expenses cooled, and the stock reacted with sharp volatility.

Market Performance: Groww Share Price Shows Big Swings

The Groww share price has been moving in wide arcs ahead of and after the Q2 earnings release.

After two sessions of notable pressure, the stock had dropped nearly 17%, wiping out around ₹23,000 crore in market value.

But Friday brought a different mood. The stock bounced back and reclaimed the ₹1,03,300 crore market-cap zone by early trade.

During the day, the shares even surged over 7% to hit an intraday high of ₹168.39 apiece—still comfortably higher than its key price points:

• 50% above the listing price of ₹112
• 68% above the IPO price of ₹100

Later, as the day progressed, the gains cooled slightly, with the stock trading about 5% higher at ₹163.97 apiece.

Groww’s listing journey has been rapid. It debuted on November 12 at ₹114 per share—about 14% above IPO price—and in just five sessions, the stock had already climbed to ₹193.91 apiece.

Groww Q2 Results: The Main Story

The highlight of the Groww Q2 earnings was its steady rise in profitability despite pressure on revenue.

Key Financial Highlights (Q2 FY26)

• Net Profit: ₹471.4 crore
• YoY Growth: 12% vs ₹420.16 crore in Q2 FY25
• Revenue from Operations: ₹1,018.7 crore
• YoY Decline: 9.5% vs ₹1,125.39 crore in Q2 FY25
• Total Expenses: ₹432.60 crore
  • Sequential decline from ₹444.67 crore in Q1 FY26
  • Much lower than ₹589.80 crore in Q2 FY25
• Employee Benefits: ₹123.76 crore
• Other Expenses: ₹291.01 crore

Despite revenue coming in lower, the company’s ability to keep expenses tight played a major role in supporting profitability.

Company Metrics: User Growth & Asset Expansion

Alongside the financials, Groww shared strong platform metrics that reflected its rising retail presence.

• Total Transacting Users: 19 million
  • 27% YoY growth
• Customer Assets: ₹2.7 lakh crore
  • 33% YoY jump
• Mutual Funds Share in Assets: 53%

These numbers show a clear trend—higher participation, larger portfolios, and growing engagement on the platform.

Groww Half-Yearly Performance (H1 FY26)

The early half of the financial year offered a fuller picture of the company’s scale:

• Revenue from Operations: ₹2,126.18 crore
• Net Profit: ₹849.71 crore

For context, the entire FY25 had recorded:

• Full-Year Revenue: ₹3,901.72 crore
• Full-Year Profit: ₹1,824.37 crore

The half-year trajectory suggests that the business continues to build scale despite market volatility.

Summary: What the Groww Q2 Earnings Indicate

The Groww Q2 Results show a company balancing growth and discipline—profit rising 12% YoY, revenue easing 9.5%, and expenses reducing sharply.

User activity and asset growth remain strong, showing continued momentum on the platform.

The stock’s movement continues to reflect this mix of excitement, fresh listing dynamics, and investor reactions to every data point.

For now, the numbers speak clearly:

Higher profit. Lower revenue. Controlled expenses. Rising users. Expanding assets. A stock that refuses to sit still.