Why Groww Shares Are Rallying: Q4 Profit Surge, Strong Volumes & More

Shares of Groww, operated by parent Billionbrains Garage Ventures, surged over 10% on Tuesday to hit a 52-week high of ₹216.25, following strong March quarter earnings.

The company reported a 122.06% year-on-year (YoY) jump in consolidated profit after tax (PAT) to ₹686.35 crore for Q4 FY26, compared with ₹309.08 crore in the same period last year.

Revenue from operations rose 87.93% YoY to ₹1,505.36 crore, while EBITDA surged 141.78% to ₹939 crore. Margins expanded significantly to 62.35% from 48.47%, reflecting strong operating leverage and increased platform activity.

Groww shares have seen a sharp rally in recent sessions, gaining around 38.5% year-to-date in 2026 and about 35% over the past one month. The stock has also risen nearly 10% in the last five trading sessions.

The stock had earlier touched a 52-week low of ₹112 in November 2025 and has since rebounded strongly, taking the company’s market capitalisation to around ₹1.34 lakh crore.

IPO Proceeds Utilisation Under Watch

Following its listing in November 2025, the company has utilised about 36% of its fresh issue proceeds. Of the ₹1,060 crore raised through the fresh issue, around ₹371 crore has been deployed so far, while nearly ₹645 crore remains unutilised as of FY26-end.

A significant portion of the utilised funds is around ₹85 crore—has been allocated towards the margin trading facility (MTF) business, while ₹67 crore has been used for inorganic growth and general corporate purposes.

As per Securities and Exchange Board of India regulations, companies with fresh issue sizes above ₹100 crore are required to appoint a monitoring agency to track the utilisation of proceeds. The agency submits periodic reports until at least 95% of the funds are deployed.