Groww Q2 profit up 54% YoY as revenue growth holds steady
Groww reported a 54% year-on-year increase in consolidated net profit to ₹725 crore for the second quarter of FY27, while revenue rose 47% to ₹1,502 crore. The results, first covered by Inc42, show a divergence: strong annual growth but nearly flat sequential revenue, alongside a 1.4% decline in net profit from the June quarter.
Total expenses climbed 29% year-on-year to ₹556 crore, faster than revenue growth. The company’s filings do not detail how different segments contributed to these numbers, making it difficult to pinpoint what drove the quarter’s performance.
The quarter highlights a broader trend for Groww: while its core business continues to expand, the pace of growth may be shifting. The company has been adding services like mutual funds, insurance, and gold loans, though their impact on overall results remains unclear. For now, the numbers suggest a balancing act—maintaining annual growth while navigating what appears to be a more stable quarter-to-quarter trajectory.
This comes as other Indian fintechs also show signs of evolution. Easy Platform turned profitable in FY26, while NeoGrowth raised fresh capital last week. Groww’s ability to sustain its growth momentum, even if at a steadier pace, could shape expectations for the sector in the months ahead.
Sources: economictimes.indiatimes.com
“Groww’s annual revenue and profit gains contrast with flat sequential performance, hinting at changing dynamics in its business mix.”
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- Groww Q2 profit rises 54% to Rs 725 crore as newer businesses cushion derivatives slowdown — economictimes.indiatimes.com
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