Groww Diversifies: Derivatives Reliance Drops to 53% in Q3 Amid Strong Revenue Growth

• Groww reduced its reliance on Futures & Options (F&O) trading to 53% of revenue in Q3, down from 63% a year ago, as part of a diversification strategy.
• Operational revenue surged 26% to Rs 1,261 crore, despite a decline in active derivative traders, indicating deeper engagement from existing users.
• New verticals like commodity trading, loans against securities, and Fisdom acquisition contributed significantly, accounting for 49% of Q3 income growth.
• Commodity trading, launched three months ago, already has 2.5 lakh active traders and contributed 4% to Q3 income.
• Net profit declined 28% year-on-year to Rs 547 crore due to a one-time post-tax gain in the previous year, but operating profit after tax increased 24% excluding this.

Why It Matters: Groww successfully diversified its revenue streams, reducing F&O reliance while achieving strong operational growth.