Grovy India Revenue Jumps 538% in Q1 FY26

New Delhi, August 11, 2025: Grovy India Limited’s total revenue jumped by 538 per cent to INR 8.3 crore in Q1 FY2026 compared to INR 1.3 crore in the same period last year.

The net profit of the BSE-listed and South Delhi-headquartered real estate company rose to INR 1.1 crore in Q1 FY26 from a loss of INR 25 lakhs in Q1 FY25. The company had recorded INR 1.8 crore in net profit for the full financial year FY 2025.

The company’s revenue more than doubled between FY23 and FY25 to INR 26.4 crore for the full financial year FY2025.

Ankur Jalan, CFO, Grovy India, said, “The company foresees a strong demand for its luxury projects in the coming quarters. Grovy has also partnered with a real estate alternative investment fund, Golden Growth Fund, to focus on the south Delhi market. The company has a strong pipeline of projects.”

South Delhi is an end-user market that has tremendous demand owing to limited supply. “Having already carved a niche in south Delhi with products that cater to the uber-luxurious and niche homebuyers, we are confident that with the strong pipeline of projects, we will present unparalleled opportunities for homebuyers.”

The total assets of the company have increased by an impressive 59.76 per cent to Rs 49 crore in FY25, indicating significant growth and expansion. The company is undertaking the development of over 1 lakh sq ft of premium luxury boutique apartments in south Delhi.