Stock Report

Grovy India Limited Reports Strong Q1 FY27 Performance with Net Profit Rising 73% to ₹1.90 Crore

Posted On : 2026-07-24 10:45:38( TIMEZONE : IST )

Real estate development and construction firm Grovy India Limited (CIN: L74130DL1985PLC021532) has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by a surging top line in its core property construction business, the company reported a Net Profit of ₹190.11 lakh (₹1.90 crore), marking a 73.3% year-on-year increase compared to ₹109.69 lakh reported in the corresponding quarter of the previous fiscal (Q1 FY26).

Operational & Financial Highlights

Grovy India delivered robust revenue growth alongside operational expansion during the quarter under review:

Revenue from Operations: Revenue generated from the sale of constructed properties and development activities surged to ₹2,749.93 lakh, compared to ₹825.36 lakh in Q1 FY26 and ₹698.78 lakh in Q4 FY26.

Total Revenue: Aggregated total revenue reached ₹2,758.43 lakh (including other income of ₹8.50 lakh), representing more than a 3.3x growth year-on-year against ₹829.65 lakh in Q1 FY26 and a 249% sequential increase from ₹789.48 lakh in Q4 FY26.

Total Expenses: Stood at ₹2,504.38 lakh for the quarter, compared to ₹682.60 lakh in Q1 FY26. Project execution reflected a cost of land and construction at ₹4,705.05 lakh, offset by a inventory adjustment in finished goods and projects in progress of negative ₹2,247.84 lakh.

Other Major Expenses: Employee benefit expenses were ₹10.86 lakh (vs. ₹11.36 lakh in Q1 FY26), finance costs stood at ₹22.30 lakh (vs. ₹2.25 lakh in Q1 FY26), and other expenses totaled ₹13.13 lakh (vs. ₹10.49 lakh in Q1 FY26).

Profit Before Tax (PBT): Advanced to ₹254.05 lakh, showing a 72.7% YoY increase over ₹147.06 lakh in Q1 FY26 and more than doubling sequentially from ₹115.55 lakh in Q4 FY26.

Tax Provision: Total tax expenses for Q1 FY27 amounted to ₹63.94 lakh (comprising current tax of ₹62.37 lakh and deferred tax of ₹1.57 lakh), compared to ₹37.37 lakh in Q1 FY26.

Net Profit & Total Comprehensive Income: Net profit for the period came in at ₹190.11 lakh (up from ₹88.83 lakh in Q4 FY26). Accounting for net gains on fair value of FVOCI equity instruments (₹8.95 lakh net of tax), Total Comprehensive Income reached ₹199.06 lakh, up from ₹123.41 lakh in Q1 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter improved significantly to ₹1.43 per share (face value of ₹10/- each), compared to ₹0.82 per share in Q1 FY26 and ₹0.67 per share in Q4 FY26.

Segment-Wise Performance

The company operates across primary revenue-generating divisions, led predominantly by its real estate vertical:

Realty Division (Including Construction):

Revenue: Generated ₹2,749.93 lakh, contributing the bulk of top-line earnings for Q1 FY27 (vs. ₹825.36 lakh in Q1 FY26).

Segment Results: Earnings before interest and tax stood at ₹292.71 lakh, up from ₹168.15 lakh in Q1 FY26 and ₹86.22 lakh in Q4 FY26.

Segment Assets: Reached ₹8,579.55 lakh, up from ₹5,275.58 lakh in Q1 FY26.

Segment Liabilities: Stood at ₹6,025.25 lakh, compared to ₹3,203.63 lakh in Q1 FY26.

Trading of Securities & Unallocated Operations:

Unallocated segment revenue contributed ₹8.50 lakh during the quarter.

Segment results from securities trading registered ₹34.39 lakh in Q1 FY27, while unallocated segment results recorded a loss of ₹15.49 lakh.

Balance Sheet Position

As of June 30, 2026, Grovy India Limited reported total segment assets of ₹8,676.66 lakh, expanded from ₹5,399.37 lakh recorded at the end of June 2025. Total segment liabilities for the period stood at ₹6,171.98 lakh. The company's paid-up equity share capital remained stable at ₹1,333.63 lakh.

Shares of Grovy India Ltd was last trading in BSE at Rs. 53.38 as compared to the previous close of Rs. 52.74. The total number of shares traded during the day was 6104 in over 163 trades.

The stock hit an intraday high of Rs. 54.00 and intraday low of 50.65. The net turnover during the day was Rs. 326085.00.