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
Summary
Summary of this article
  1. Grovy India posts Q1 FY25 net profit of ₹1.1 crore.

  2. Revenue rises sixfold year-on-year to ₹8.3 crore.

  3. Growth attributed to increased sales and efficient project execution.

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.

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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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