Grovy India Ltd — Important, 23-07-2026: Company Update

Grovy India delivered strong Q1 FY26-27 results, with revenue up 249.40% to ₹27.58 Cr and profit after tax rising 114.02% to ₹1.90 Cr quarter-on-quarter. The company focuses on luxury redevelopment in South Delhi, a supply-constrained market with a ₹60,000 Cr potential. Management realigned leadership, appointing Mr. Prakash Chand Jalan as Chairman cum Managing Director. Future plans include scaling to 20-25 projects annually, leveraging a collaboration with Golden Growth Fund, and aiming for an NSE listing. A ₹15 Cr capital raise is underway, part of a ₹40 Cr initiative.