The YoY decline in profit was largely attributable to a one-time gain of Rs 314.8 crore related to long-term incentive paid to management. Excluding this impact, operational performance remained robust, with profit after tax (PAT) recording 24% YoY growth to Rs 442.3 crore in Q3 FY26.
Profit before tax (PBT) fell 27.09% YoY to Rs 744.85 crore during the quarter.
Adjusted EBITDA stood at Rs 741.8 crore, up 24.03% YoY and 18.86% QoQ.
The company's total transacting users reached 20.4 million, marking a growth of 7% QoQ and 25% YoY. Active Users grew 7.5% QoQ.
Meanwhile, the company, along with Groww AMC'its wholly owned, non-material subsidiary'has executed a Share Subscription and Purchase Agreement (SSPA) and a Shareholders' Agreement (SHA) with State Street Global Advisors. Under the SSPA, State Street Global Advisors has agreed to invest up to Rs 580.02 crore through a combination of secondary share purchases and primary subscriptions, resulting in a dilution of up to 23% of Groww AMC's fully diluted share capital.
Upon completion of the proposed transaction, State Street Global Advisors will hold no more than 4.99% of the aggregate voting power in Groww AMC.
Billionbrains Garage Ventures (Groww) has built a sizeable footprint since its launch in 2018, emerging as a full-stack digital investment platform with offerings across stocks, mutual funds, derivatives and loans. It serves customers across 98% of Indian pin codes, operates 37 million demat accounts and oversees Rs 2.6 lakh crore in AUM through subsidiaries spanning broking, lending and asset management.
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Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
What should you do if you receive a trading tip over phone or SMS?
Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in. Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: