New Delhi, November 3, 2026: BSE-listed real estate company Grovy India Ltd. continued to expand its real estate portfolio in the South Delhi market to 2.48 lakh sq. ft. across ongoing and future projects.

The company also announced its financial results for the quarter ended September 2026.

On the back of steadily improving margins, the company’s net profit surged by 436% to Rs 2.01 crore in Q2 FY27 as compared to 37.63 lakhs in the same period last year.

Driven by strong project execution, the company’s total revenue during the quarter rose by 75% to Rs 27.17 crore, up from Rs 15.52 crore in Q2 FY26.

Ankur Jalan, Director, Grovy India Ltd. said, “Our Q2 performance reflects the strength of our execution capabilities and the growing depth of our business in the South Delhi real estate market. The significant growth in revenue and profitability underscores our focus on operational efficiency, disciplined project execution and improving margins. South Delhi remains a resilient, supply-constrained premium residential market, and the approval of Delhi Master Plan 2047 further supports redevelopment-led growth.”

On the project development front, the company is currently developing 1.83 lakh sq. ft. of residential spaces in various colonies of South Delhi like GK, Hauz Khas, Anand Niketan, Neeti Bagh, Defence Colony and Gulmohar Park.

These projects are expected to be delivered between Q3 FY27 and Q4 FY28.

The company’s future pipeline comprises projects in Safdarjung Enclave, Anand Niketran and Defence Colony.

The company is also undertaking the development of three projects with Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF).

“We will evaluate more collaborative projects with an aim to scale execution towards 20–25 projects annually over the next three years. This collaboration is well positioned to achieve a 2-3x increase in project development over the next few years,” Jalan added.

The company raised Rs 15.01 Cr in August 2026 through the preferential issue against the Rs 40 crore FY27 fund-raising target.

“The fresh capital strengthens our balance sheet, taking paid-up equity capital to Rs 17.51 crore. We remain committed to creating long-term shareholder value through sustainable growth, strong governance, and prudent capital allocation. The balance of Rs 25 crore is being pursued in line with market conditions and project requirements — subject to statutory and regulatory approvals,” Jalan added.

Jalan said over the next 3 years subject to market conditions and regulatory approvals, the company aims to list on the National Stock Exchange (NSE) to enhance liquidity, broaden the investor base, and strengthen market visibility and institutional reach.

New Delhi, August 6, 2026: BSE-listed Grovy India Limited announced the raising of Rs 15.01 crore through preferential issue to fund expansion and deepen its presence in the South Delhi real estate market.

The company’s preferential issue committee of the Board of Directors recently approved the allotment of 41,69,433 equity shares of face value of Rs10 each for an aggregate amount of up to Rs 15,00,99,588 on a preferential basis.

Consequent to the said allotment, the paid-up equity share capital of the company stands increased to Rs 17,50,57,050 comprising of 1,75,05,705 Equity Shares of face value of Rs 10 each.

The participation of investors and promoters signals the company’s strong growth trajectory, execution capabilities and leadership in South Delhi’s real estate market. The investment also reinforces the growing interest in the company’s strong track record, differentiated market positioning and a clear growth pipeline.

Commenting on the development, Ankur Jalan, Director, Grovy India said, “The strong participation is an endorsement for the company’s robust brand equity, consistent execution, quality developments and a focused business strategy. The company’s deep understanding of one of India’s most premium micro-markets positions it well for sustainable long-term growth. The micro market has a significant value creation potential as the demand for luxury developments in South Delhi continues to strengthen.”

The company is currently executing residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets which are expected to be delivered between Q3 FY27 and Q4 FY28.

The company during Q1 FY27 also acquired new premium residential projects spanning approximately 50,000 sq. ft. in South Delhi.

“We aim to scale execution towards 20–25 projects annually over the next three years, subject to market conditions and project availability,” Jalan further added.

He also said that the company plans to raise a total of Rs 40 crore by the end of FY27.

The company’s net profit jumped 74% YoY to Rs 1.9 crore in Q1 FY27. The total revenue during this period also saw a substantial jump of 233% YoY at Rs 27.58 crore.

The South Delhi headquartered company recorded 114% jump in net profit and 249% jump in total revenue on QoQ basis. The robust numbers reflect strong project execution, improved profitability and disciplined capital allocation.

New Delhi, November 24, 2025: Strengthening its position in the South Delhi real estate market, Grovy India Ltd., a BSE listed South Delhi headquartered real estate company has expanded its development pipeline to a substantial 1,89,000 sq. ft., covering both ongoing projects and upcoming ventures across the South Delhi market.

This comprises 1,42,000 sq. ft. of ongoing projects and 47,000 sq. ft. of projects in pipeline across South Delhi, the company said in its Q2 FY26 investor presentation.

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

The company recorded 1180% increase in net profit at Rs 37.63 lakhs in Q2 FY26 as compared to 2.49 lakhs in the same period last year. The total revenues jumped by 1142% to Rs 1552.87 lakhs.

Nishit Jalan, CEO, Grovy India said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs, Jalan added.

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.

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.