Grovy India Limited, a BSE-listed South-Delhi headquartered real estate company, on Friday announced its first quarter earnings for FY26.

The company’s total revenue jumped by 538% to Rs 8.3 crore in Q1 FY2026 as compared to Rs 1.3 crore in the same period last year.

The net profit of the company rose to Rs 1.1 crore in Q1 FY26 from a loss of Rs 25 lakhs in Q1 FY25.

The company had recorded Rs 1.8 crore in net profit for the full financial year FY 2025.

The company’s revenue more than doubled between FY23-25 to Rs 26.4 crore for the full financial year FY 2025.

Ankur Jalan, CFO, Grovy India Limited 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 (AIF) the Golden Growth Fund (GGF) 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.”

Grovy India Ltd is a Real Estate Development and Consultancy Company established the year 1985. Grovy has completed more than 100 projects.

The company works under the outright model where it buys the property and constructs the building to sell. It also operates under collaboration model where it purchases a portion of the land in exchange for constructing the property. It also works under the turnkey model where the property owner appoints the company to design and build as per the client’s needs.

Also Read: Indian Real Estate Draws $1.4B Domestic Investment in H1 2025, +53% YoY: Colliers

The total assets of the company have increased by an impressive 59.76% to Rs 49 crore in FY25 indicating significant growth and expansion.

The company is undertaking the development of over 1 lakh sq. ft premium luxury boutique apartments in the South Delhi.