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Profit Rises 12% at Groww in Q2 as Revenue Falls, Shares Recover From Two-Day Drop

Investors are weighing margin gains against supply risks from the Dec 10 lock‑in in a stock with very low free float.

Overview

  • Consolidated net profit came in at Rs 471.3 crore, up 12.1% year on year, while revenue from operations fell 9.5% to Rs 1,018.7 crore.
  • EBITDA rose to about Rs 603.3 crore with margin expanding to 59.3% versus 48.9% a year earlier, reflecting improved operating efficiency.
  • The share price rose roughly 6–8% intraday to around Rs 166 after the results, partially reversing a two‑session slide of about 17–20% that included a 10% lower circuit.
  • User metrics improved with total transacting users at 1.9 crore (+27% YoY, +5% QoQ), active users at 1.48 crore, and market share near 26.6%; revenue per broking order increased to Rs 19.8.
  • Volatility remains elevated given a very small free float cited near 7%, recent auction episodes, a tightened 10% daily price band, and the upcoming one‑month lock‑in expiry on Dec 10 that will increase tradable supply.