Billionbrains Garage Ventures, the parent of Groww, on July 15 reported a 94 percent rise in net profit at Rs 735 crore for the quarter ended June 30, 2026, aided by rapid expansion of commodity derivatives and Margin Trading Facility (lending) business, the company said in stock exchange filings.


The Bengaluru-based stockbroker reported a net profit of Rs 378 crore in the year-ago period.

Groww, the country's largest broking firm by active investors, reported a 66 percent increase in consolidated revenue from operations at Rs 1,501 crore in Q1FY27, compared to Rs 904 crore in the year-ago period.

In commodity derivatives, a segment Groww entered less than a year ago, its market share rose to 29 percent. MTF's share in Groww's revenue stood at 8 percent compared to only 3 percent during Q1 of FY 26.

Groww shares closed on July 15 trading 6 percent higher at Rs 216 apiece.

"Our operating leverage played out across all the cost buckets, leading to a PAT margin of 47.5 percent, a Year-on-Year expansion of 7.6 percent. As a tech-driven organisation, we believe that the operating leverage from economies of scale will continue to play out as we grow," the company said in its shareholder letter.

Groww has expanded its market share across major segments such as Mutual Funds, stocks, equity derivatives and MTF, it said. The firm's Asset Management Company saw assets under management grow by 140 percent over the last year, it said.

"We expect the trend of revenue diversification away from Equity Derivatives to continue, offsetting the volatility-driven spike that we alluded to last quarter," Groww said in the shareholder letter.

Around half of the company's income came from futures and options (equity derivatives), while stocks contributed to more than 16 percent of the revenue. Other major revenue-generating verticals include commodities, float inccome, MTF, personal loans and Loan Against Securities.

Groww said that it was accelerating its investments in Artificial Intelligence, but the company does not expect the investments to impact the margins.

"We are in the early stages of using AI in our organisation to resolve customer queries at zero wait time, solve customers’ unique research queries, and increase product velocity," it added.

Groww added 1.15 lakh net NSE active clients during the quarter, while the overall industry saw a net decline of approximately 2.6 lakh in Q1 of FY 27. The company attributed the slowdown in consumer interest to lower capital markets activity, particularly among IPOs and exchange-traded funds (ETFs).

Since late last year until the end of the March quarter, Indian equity markets had seen a dramatic rise in gold ETF investors, fuelled by the sharp increase in the precious metal's price. The yellow metal has since lost almost 28 percent value after hitting new highs in January this year, as the West Asia war resulted in increased volatility.