New Delhi, August 11, 2025 – Grovy India Limited, a BSE-listed real estate company headquartered in South Delhi, has reported a sharp surge in earnings for the first quarter of FY26.
The company’s total revenue rose 538% year-on-year to ₹8.3 crore in Q1 FY26, compared to ₹1.3 crore in the same period last year. Net profit stood at ₹1.1 crore for the quarter, reversing a loss of ₹25 lakh in Q1 FY25.
For FY25, Grovy had posted a net profit of ₹1.8 crore on total revenue of ₹26.4 crore — more than double its FY23 figure.
Ankur Jalan, CFO, Grovy India Limited, said the company anticipates strong demand for its luxury projects in the coming quarters. “Grovy has partnered with real estate Alternative Investment Fund (AIF) Golden Growth Fund (GGF) to focus on the South Delhi market. With a robust pipeline of projects, we are confident of offering unparalleled opportunities for homebuyers,” he added.
He noted that South Delhi remains an end-user-driven market with high demand and limited supply, making it attractive for ultra-luxury developments.
Established in 1985, Grovy India has completed over 100 projects and operates through outright, collaboration, and turnkey models. The company’s total assets rose 59.76% in FY25 to ₹49 crore, reflecting significant growth.
Currently, Grovy is developing over 1 lakh sq. ft of premium luxury boutique apartments in South Delhi.
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