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GROWW Diversified 10 Feb 2026

Billionbrains Garage Ventures Limited — Q3 FY26

Grow reported a strong quarter with continued market share gains across segments.

bullish high
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Revenue ₹1,216 Cr
EBITDA
PAT ₹547 Cr
EBITDA Margin
Duration 45 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Regulatory tightening on retail derivatives losses

SEBI may introduce further measures if retail losses persist; management noted that only <0.3% of customers are loss-making in derivatives, but industry-wide scrutiny could impact volumes.

medium · analyst_question
R

Open interest limit constraints

A single broker cannot exceed 15% open interest per contract; management stated they are at about half the limit, but rapid growth could approach the cap.

medium · analyst_question
R

Integration and scaling of wealth management

Fisdom integration is early; management was vague on timelines and differentiation, indicating execution risk in a competitive space.

medium · management_commentary