Grovy India Ltd. reported strong financial growth in Q2 FY27. The company’s net profit increased by 436% to Rs 2.01 crore. Revenue also grew by 75% to Rs 27.17 crore.
The results cover the quarter ended September 2026. In the same quarter last year, the company reported a net profit of Rs 37.63 lakh. Its revenue stood at Rs 15.52 crore.
Grovy India Records Strong Financial Growth
Grovy India reported higher revenue and profit due to improved project execution and margins. The company continues to focus on operational efficiency and business expansion.
Ankur Jalan, Director of Grovy India Ltd., said the results reflect the company’s execution capabilities. He also highlighted the growing demand for redevelopment projects in South Delhi.
According to Jalan, Delhi Master Plan 2047 could further support redevelopment opportunities in the region.
South Delhi Project Pipeline Reaches 2.48 Lakh Sq. Ft.
The company is expanding its residential development portfolio across South Delhi. Its total development pipeline has reached 2.48 lakh sq. ft.
Currently, Grovy India is developing 1.83 lakh sq. ft. of residential space. These projects are located in:
Greater Kailash
Hauz Khas
Anand Niketan
Neeti Bagh
Defence Colony
Gulmohar Park
The company expects to complete these projects between Q3 FY27 and Q4 FY28.
In addition, its future project pipeline includes Safdarjung Enclave, Anand Niketan and Defence Colony.
Company Plans Further Project Expansion
Grovy India is also developing three projects with Golden Growth Fund (GGF). GGF is a Category II real estate-focused Alternative Investment Fund.
The company plans to explore more development partnerships. It aims to increase its execution capacity to 20–25 projects annually over the next three years.
Jalan said these collaborations could support a two- to three-fold increase in project development.
Grovy India Raises Rs 15.01 Crore
In August 2026, Grovy India raised Rs 15.01 crore through a preferential issue. This amount forms part of its Rs 40 crore fundraising target for FY27.
Following the fundraise, the company’s paid-up equity capital increased to Rs 17.51 crore. The company is pursuing the remaining Rs 25 crore, subject to market conditions and regulatory approvals.
Company Targets NSE Listing
Grovy India is also planning to list on the National Stock Exchange (NSE) within the next three years.
The proposed listing will aim to improve share liquidity and expand the investor base. It could also strengthen the company’s market visibility and institutional reach.
However, the plan remains subject to market conditions and regulatory approvals.
