Advertisement
Grovy India Ltd achieved a net profit of INR 1.1 crore in the first quarter of the current fiscal, reversing a loss of INR 25 lakh from the previous year's same period. The company's revenue surged from INR 1.3 crore to INR 8.3 crore, driven by ongoing luxury apartment projects covering over 100,000 sq ft in South Delhi. Since its establishment in 1985, Grovy India has completed over 100 projects focused on independent floors, mainly in South Delhi. The company's improved financial health reflects growing demand for premium residential properties in the region.
Grovy India Ltd, a Delhi-based real estate company listed on stock exchanges, reported a net profit of INR 1.1 crore in the first quarter of the current fiscal year, a sharp improvement from a net loss of INR 25 lakh in the same quarter last year. The firm's total revenue surged to INR 8.3 crore during April-June, compared to INR 1.3 crore in the corresponding period a year earlier, according to a company statement released earlier this week. Advertisement
Founded in 1985, Grovy India has built a strong reputation in the real estate sector through its development and consultancy services. The company has completed over 100 projects, mainly independent floors, primarily in South Delhi. Presently, it is developing more than 100,000 square feet of luxury apartments in the same region, reflecting its focus on high-end residential properties.
The company's growth trajectory is supported by a sustained demand for luxury homes, driven by rising income levels and changing consumer preferences in the capital. Grovy India's track record of completing quality projects and expanding its luxury portfolio strengthens its market position and signals optimism for future quarters.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
