Billionbrains Garage Ventures, the parent company of leading stock broking platform Groww, reported a consolidated net profit of Rs 471.4 crore for the second quarter of the ongoing financial year 2026. This marks a 12 percent year-on-year increase from the Rs 420.16 crore net profit reported in the corresponding quarter of FY25.

The company released its first quarterly results after debuting on stock markets earlier this month. The broker’s revenue from operations meanwhile declined 9.5 percent YoY to Rs 1,018.7 crore in Q2 FY26, from Rs 1,125.39 crore in Q2 FY25.

Total expenses fell sequentially to Rs 432.60 crore from Rs 444.67 crore in Q1 FY26 and were significantly lower than Rs 589.80 crore in Q2 FY25. Employee benefit expenses stood at Rs 123.76 crore, while other expenses were Rs 291.01 crore.

For the first half of FY26, the company reported revenue from operations of Rs 2,126.18 crore and net profit of Rs 849.71 crore. In comparison, the full year ended March 2025 recorded revenue of Rs 3,901.72 crore and profit of Rs 1,824.37 crore.

The firm's total transacting users hit 19 million, up 27% year-on-year, while total customer assets reached Rs 2.7 lakh crore, a 33% jump. Mutual funds accounted for 53% of total customer assets, showed the company's shareholding letter.