Billionbrains Garage Ventures Ltd, the parent company behind the popular stock broking platform Groww, is scheduled to release its financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company's Board of Directors will convene on Monday, April 20, 2026, to consider and approve these audited standalone and consolidated financial statements.
Groww Q4 FY26 Earnings: What to Expect
While the precise time for the announcement has not been officially disclosed, market observers anticipate that Groww will declare its January-March quarter earnings during market hours on April 20. For reference, the company had released its Q3 FY26 results around 12:36 pm on January 14.
Ahead of the results, BofA Securities has initiated coverage on Groww with a 'Buy' rating, setting a price target of Rs 235. The global brokerage firm highlighted Groww's robust profitability and significant operating leverage as key drivers for its positive outlook. According to BofA, Groww boasts one of the highest profit margins among its peers, with an EBIDTA/PAT margin of 61 percent/47 percent in FY25. They project these margins to expand further to 67 percent/52 percent by FY28E, driven by the company's scalable platform model and deepening product penetration.
Growth Projections and Strategic Insights
BofA Securities estimates Groww's Earnings Per Share (EPS) to grow at a Compound Annual Growth Rate (CAGR) of 35 percent over the next two years. The brokerage's valuation is based on a 39x FY28E P/E, which is anchored to the average 2-year forward P/E of listed consumer fintech companies, reflecting Groww's tech-first approach and scalable model. This implies a significant premium compared to traditional wealth and broking peers.
The upcoming Q4 results are particularly significant as they are expected to provide the first substantial update on Groww's concrete strategy and expansion plans for its wealth management business. Additionally, the brokerage noted that a six-month lock-in period for key private equity and venture capital investors expires on May 11, 2026, making them eligible for a full exit. Groww will also become eligible for consideration for Futures & Options (F&O) inclusion in the next cycle, either June or September 2026.
Previous Quarter Performance
In Q3 FY26, Groww reported a consolidated net profit of Rs 546.93 crore, a 27.8 percent year-on-year (YoY) decline. This drop was primarily attributed to a one-time gain of Rs 315 crore (net of tax) recorded in the corresponding period of the previous year. Excluding this one-off item, the operating profit after tax (PAT) actually increased by 24 percent YoY from Rs 442 crore. Revenue from operations also saw a healthy growth of 24.8 percent YoY, reaching Rs 1,216.07 crore, up from Rs 974.53 crore in Q3 FY25.