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Billionbrains Garage Ventures (GROWW) investor relations material
Billionbrains Garage Ventures Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Asset management business partnership with State Street aims to accelerate growth, bring global practices, and expand product offerings for Indian and foreign investors, with up to 23% dilution of Groww AMC's share capital.
Wealth management integration is ongoing, targeting both existing and affluent customers, with synergies expected as integration completes.
Approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Completed an IPO in November 2025, listing on NSE and BSE, with a fresh issue and offer for sale totaling 663.2 million shares at INR 100 per share.
Board approved further acquisition of shares in Groww Asset Management Limited (Groww AMC), a wholly owned subsidiary.
Financial highlights
Consolidated revenue from operations for Q3 FY26 was INR 12,160.72 million, up from INR 9,745.35 million in Q3 FY25.
Consolidated net profit for Q3 FY26 was INR 5,469.33 million, compared to INR 4,713.39 million in Q3 FY25.
Commodities now contribute 4% of topline, with over 100,000 customers in this segment.
MTF (margin trading facility) contributes 6% to total revenue, with consistent quarterly growth of approximately INR 600 crores.
EBITDA margin has expanded to over 63% (excluding Fisdom), driven by revenue growth and a largely fixed cost base.
Outlook and guidance
The company expects to complete the strategic transaction with State Street Global Advisors within six months, subject to regulatory approvals.
Asset management business is expected to scale with State Street partnership, focusing on AUM and user base growth, including passive and global products.
Wealth management will continue to scale as integration progresses, with new products and services for HNIs and affluent customers.
No dividend expected in the near future as the company remains in a high-growth investment phase.
The acquisition of additional shares in Groww AMC is aimed at supporting working capital and growth opportunities.
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