Fintech major Groww has crossed Rs 3 trillion (Rs 3 lakh crore) in customer assets, even as the company continues to report strong profitability and plans to double down on its lending business.
According to its Q4 FY26 shareholder letter and financial results, the Bengaluru-based firm posted a total revenue of Rs 1,535.5 crore in the March quarter, up from Rs 849.5 crore in the same period last year. The company also reported a profit after tax (PAT) of Rs 686 crore in Q4 FY26.
Groww's total customer assets rose 36% year-on-year to touch Rs 3 trillion. As per the letter, its user growth remained steady during the quarter. It reported 21.6 million transacting users, while its active user base stood at 16.7 million. Active users grew 6% quarter-on-quarter and 25% year-on-year.
Groww also continues to gain market share across segments. Its mutual fund market share increased to 14%, while its share in stock broking and equity derivatives stood at 15.7% and 10.6%, respectively, as per the shareholder letter. This comes amid rising competition in the broking ecosystem, where pricing and distribution continue to play a key role.
On the profitability front, the firm is improving the contribution from its credit business. Groww said that its lending vertical is now seeing better unit economics and has started contributing meaningfully to overall profits.
Going forward, the company plans to deploy its earnings, along with proceeds from its recent fundraise, towards scaling its lending operations. The focus will be on expanding its balance sheet-led lending business across broking and consumer credit segments.
While the core business remains profitable, some of Groww's newer bets are still in the investment phase. Its recently acquired wealthtech platform Fisdom, reported a loss of Rs 10.2 crore in Q4 FY26 and is expected to turn profitable by FY28 as integration and scale improve.
Similarly, its asset management arm, Groww Mutual Fund (Groww MF), posted a loss of Rs 21.4 crore during the quarter. The company noted that the AMC business is still in an early "build-out phase" and will require a 5-6X increase in assets under management (AUM) to achieve profitability over the next few years.
Overall, Groww appears to be balancing profitability with long-term investments. With Rs 3 trillion in customer assets, rising market share, and a clear push towards lending, the company is steadily strengthening its position in India's fast-growing fintech ecosystem.