Indian brokerage Groww posts higher profit as customers rise (updated)

Billionbrains Garage Ventures

14/10/2026 09:23

Adds details from bullet 5
Oct 14 (Reuters) - Groww's parent Billionbrains Garage Ventures BILO.NS reported a 54% rise in second-quarter profit on Wednesday as the Indian online brokerage added more customers.
   
Consolidated net profit rose to 7.26 billion rupees ($76.38 million) for the quarter ended September 30 from 4.71 billion rupees a year earlier.
Its revenue from operations rose 47% to 15.02 billion rupees, helped by a 27% growth in total transacting users.
However, on a quarter-on-quarter basis, revenue was flat, while profit declined 1.3%, largely due to the impact of the closing auction session (CAS) on the derivatives segment, Groww said.
Introduced in August, CAS is a mechanism to determine a stock's closing price by matching buy and sell orders at the end of the trading day, replacing the previous method of using the volume-weighted average price from the last 30 minutes of trading.
The change has increased price volatility around market close, prompting equity derivatives traders to exercise caution and reduce trading activity.
Groww's equity derivatives revenue declined 14.3% quarter-on-quarter, the bulk of which was attributed to CAS, it said. 
To alleviate concerns, India's markets regulator last month proposed changes to how settlement prices for index and ​stock derivatives are determined on expiry day.
"We believe this (equity derivatives) will recover once the recommendations from SEBI's consultation paper go into effect," Groww said.

($1 = 95.0450 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
 ((Nishit.Navin@thomsonreuters.com;))