Grovy India posts Q1 FY25 net profit of ₹1.1 crore.
Revenue rises sixfold year-on-year to ₹8.3 crore.
Growth attributed to increased sales and efficient project execution.
Grovy India Q1 Profit Rises to ₹1.1 Crore, Revenue Surges Sixfold to ₹8.3 Crore
Real estate developer posts strong quarterly growth backed by robust sales and project execution.
Grovy India
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Realty firm Grovy India Ltd posted a net profit of ₹1.1 crore for the first quarter of this fiscal.
The Delhi-based company, which is listed on stock exchanges, had posted a net loss of ₹25 lakh in the year-ago period.
The total revenue jumped to ₹8.3 crore in the April-June period of this fiscal from ₹1.3 crore in the same period of the preceding year, Grovy said in a statement on Monday.
Established in 1985, Grovy India is a real estate development and consultancy company. It has completed over 100 projects (independent floors) primarily in South Delhi.
The company is undertaking the development of over 1 lakh sq ft of luxury apartments in South Delhi.
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