India, Sept. 16 -- IPO-bound Groww saw its consolidated net profit for Q1 FY26 surge 12% to INR 378.4 Cr from the INR 338 Cr profit it registered in the year-ago period. The investment tech company managed to improve its bottom line despite seeing a decline in its top line during the quarter under review.

It got back profitability in the previous fiscal year (FY25) after slipping into the red again in FY24. In FY25, it raked in a net profit of INR 1,824.4 Cr as against a loss of INR 805.5 Cr in the previous fiscal year. Meanwhile, its operating revenue surged about 50% to INR 3,901.7 Cr in FY25 from INR 2,609.3 Cr in the previous fiscal.

In the June quarter (Q1 FY26), Groww's operating revenue stood at INR 904.4 Cr, down 10% from the IN...