Billionbrains Garage Ventures Limited (GROWW) has announced its financial results for the third quarter of FY26, reporting a consolidated Total Income of ₹7,571 Crore, a significant 20.4% increase quarter-on-quarter (QoQ). The company's Total Customer Assets also saw a 12% QoQ rise, reaching ₹3.0 Trillion, with 80% of this growth attributed to net inflows.

The strategic acquisition of Fisdom (Finwizard Technologies Private Limited) was consummated on October 3, 2025, and its operations have been consolidated. This diversification has led to new products like Margin Trading Facility, Commodity Derivatives, and Fisdom showing sharp adoption and increasing their share in Total Income.

Profit After Tax (PAT) for the quarter declined by 28% year-on-year (YoY) to ₹3,148 Crore. However, the company explained that this was due to a one-time reversal of a provision for management incentives amounting to ₹4,247 Crore in the previous year's comparable quarter. Excluding this one-time item, PAT grew by 24% YoY. The company emphasizes looking at Adjusted EBITDA to gauge operational health, as it normalizes from Q4 FY26 onwards.

In a significant development, State Street Investment Management (SSIM) plans to invest approximately ₹5,800 Crore for a 23% stake in GROWW's wholly-owned subsidiary, GROWW Asset Management Limited. This strategic partnership aims to leverage SSIM's global expertise in quantitative and passive investment strategies, strengthening GROWW's balance sheet for future growth.

The company also highlighted the scaling of its Commodity Derivatives segment, which contributed 3.5% to Total Income in Q3 FY26, up from less than 0.5% in Q2 FY26. Active users trading in this segment reached 255k. The in-house NBFC, GROWW CreditServe (GCS), saw its book grow by 7% QoQ to approximately ₹13,900 Crore, with Loans Against Securities doubling and now forming 9.7% of the loan book.

Approximately 8 million customers are currently using multiple products on the GROWW platform, indicating strong cross-adoption of services.