Whalesbook
Billionbrains Garage Ventures, operator of the Groww investment platform, announced robust financial results for the fourth quarter of FY26, highlighting significant year-on-year growth in both revenue and profit.
Consolidated revenue surged by 87.9% to ₹15,355 million for the quarter. Profit After Tax (PAT) more than doubled, jumping 122% to ₹6,864 million. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw substantial growth, increasing 141.8% to ₹9,387 million.
This strong performance was fueled by a 19.9% year-on-year increase in total transacting users, reaching 21.6 million. Total customer assets under management grew by 36% to ₹3.0 trillion, reflecting increased investor participation on the platform.
The company also noted a change in its financial reporting, stating it will now report EBITDA directly going forward. This adjustment follows the one-year mark of merger-related one-off expenses. Additionally, updates to market share calculation methodologies were announced.
Billionbrains Garage Ventures, known for simplifying investing for retail users, aims to expand its financial services. The company is strategically investing earnings to scale its lending business, focusing on offerings like margin trading facility (MTF) and loans against shares (LAS). The asset management arm, Growwmf, is being developed with a target to achieve profitability through significant growth in Assets Under Management (AUM). The acquisition of Fisdom in October 2025 is expected to enhance its service suite and customer engagement, with targets set for its profitability by FY28.
Investors will be monitoring potential market volatility. Ongoing geopolitical tensions and sustained selling by Foreign Institutional Investors (FIIs) could impact investor sentiment and the pace of new user acquisition. Sustained market underperformance driven by FII selling might moderate future asset inflows.
The company operates in a competitive space, with platforms like Angel One Ltd also focusing on rapid user growth and transaction volumes. Traditional players such as HDFC Securities and ICICI Securities offer broader financial services, often balancing retail and institutional offerings.
Key areas to watch include the timeline for Fisdom to reach profitability, Growwmf's progress in growing AUM, the performance of the expanding lending operations, and broader market trends influenced by foreign investor activity.