Groww shares climb as State Street backs Groww AMC with Rs 580 crore
Groww shares climb as State Street backs Groww AMC with Rs 580 crore
Groww surges on strong Q3 growth and a Rs 580 crore investment from State Street Global Advisors into Groww AMC, signaling expansion in India’s fintech asset management.
Groww shares moved higher after the fintech group reported its third-quarter results and announced a strategic investment from State Street Global Advisors. The Bengaluru-based company disclosed that State Street will invest up to Rs 580 crore into Groww Asset Management Limited, through a mix of secondary purchases and fresh primary capital, which could dilute up to 23% of the fully diluted share capital of Groww AMC. Importantly, State Street’s holding will not exceed 4.99% of the aggregate voting power in the subsidiary.
On the quarterly front, Groww’s consolidated revenue from operations rose 25% year-on-year to Rs 1,216 crore for the quarter ended December 31, 2025, up from Rs 975 crore in the same period a year earlier. Despite the revenue growth, the company reported a consolidated net profit of Rs 547 crore for the quarter, down 28% from Rs 757 crore in the year-ago period. EBITDA increased 19% to Rs 720 crore, with an EBITDA margin of 59% for the quarter.
Market reaction reflected the dual news of earnings and the strategic stake, with the stock rising about 3.3% to Rs 168.05 intraday. The development underscores a broader push to deepen India-focused wealth management offerings via Groww AMC, as the company leverages international investor support to scale its asset-management business.
Taken together, the investment marks a meaningful milestone for Groww and signals growing interest from global investors in India’s fintech-enabled asset management ecosystem.
