Grovy India Limited Reports 550% Revenue Growth in Q1 Results
Grovy India Limited, a real estate and infrastructure development company, announced outstanding financial results. Total income surged 549.63% year-over-year to ₹829.65 lakhs. Profit after tax increased by 452% to ₹109.69 lakhs. Total assets expanded by 1,096% to ₹5,399.37 lakhs, while earnings per share rose to ₹0.82. The company operates through outright purchase, turnkey construction, and collaboration joint ventures, with 8 ongoing projects and 2 in the pipeline.
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Grovy India Limited , a real estate and infrastructure development company established in 1985, reported exceptional financial performance in its quarterly results. Total income surged to ₹829.65 lakhs compared to ₹127.71 lakhs in the same period last year, representing a 549.63% year-over-year growth. Profit after tax increased by 452% to ₹109.69 lakhs from ₹19.88 lakhs in the previous quarter.
Financial Highlights
| Metric | Current Quarter | Previous Quarter | YoY Growth |
|---|---|---|---|
| Total Income | ₹829.65 lakhs | ₹127.71 lakhs | 549.63% |
| Profit After Tax | ₹109.69 lakhs | ₹19.88 lakhs | 452.00% |
| Total Assets | ₹5,399.37 lakhs | ₹452.29 lakhs | 1,096.00% |
| Earnings Per Share | ₹0.82 | ₹0.15 | 446.67% |
The company's total assets expanded dramatically by 1,096% to ₹5,399.37 lakhs, while earnings per share rose to ₹0.82 from ₹0.15.
Business Operations
Grovy India Limited operates through three business models:
- Outright purchase
- Turnkey construction
- Collaboration joint ventures
With a track record of completing over 100 projects and serving more than 500 customers, the company focuses on creating 'Boutique Properties' in South Delhi. Currently, Grovy India Limited has:
- 8 ongoing projects
- 2 pipeline projects
- A total constructed area of approximately 224,000 sq ft
Management attributed the strong performance to effective strategy and execution. The company's impressive growth in revenue and profitability demonstrates its strong position in the real estate and infrastructure development sector.
Historical Stock Returns for Grovy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | -1.93% | -3.07% | -17.29% | -4.75% | +434.67% |
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