Grovy Limited, a real estate and infrastructure development company established in 1985, has reported exceptional financial results for the first quarter ended June 30. The company's performance showcases remarkable growth across key financial metrics, indicating a strong start to the fiscal year.

Financial Highlights

The company's total income doubled from the previous quarter, reaching ₹829.65 lakh. This significant increase was accompanied by a remarkable 452% surge in profit after tax, rising from ₹19.88 lakh to ₹109.69 lakh. Perhaps the most striking growth was seen in total assets, which expanded by an impressive 1,096% within the quarter, from ₹451.19 lakh to ₹5,399.37 lakh.

Operational Overview

Grovy operates through three primary business models:

1. Outright purchase and development
2. Turnkey construction services
3. Joint venture collaborations

The company has established a strong presence in South Delhi's real estate market, with multiple residential projects ranging from 10,000 to 35,000 square feet. These projects include both completed developments and ongoing constructions.

Management Commentary

PC Jalan, Chairman of Grovy Limited, expressed his satisfaction with the company's performance: "I am pleased to present the First quarter result, which reflect a period of remarkable growth and achievement for our company. This quarter, we witnessed a significant surge in revenue and delivered a substantial profit, underscoring the strength of our strategy and execution."

Project Portfolio

Grovy's current project portfolio in South Delhi includes:

• Multiple completed residential projects (10,000 to 15,000 sq ft)
• Several ongoing residential developments (15,000 to 22,000 sq ft)
• Projects in the pipeline, including a 35,000 sq ft residential development

The company's focus on 'Boutique Properties' and its diverse range of services, including rescaling of existing space, redevelopment, land purchase for development, and consultancy services, position it well for continued growth in the real estate sector.

Looking Ahead

With over 100 completed projects and more than 500 satisfied customers, Grovy appears to be capitalizing on its extensive experience and skilled workforce. The company's strong Q1 performance sets a positive tone for the fiscal year, suggesting potential for sustained growth and value creation for shareholders.

Investors and market watchers will likely keep a close eye on Grovy's future quarters to see if this impressive growth trajectory can be maintained amidst the dynamic real estate market conditions.

Grovy India Limited has announced the record date for its final dividend payment for the fiscal year 2024-25. The company's Board of Directors has recommended a dividend of Rs 0.10 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key Details of the Dividend Announcement

Board Meeting and Regulatory Compliance

The dividend recommendation was made during the Board of Directors meeting held on September 4, 2025. In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Grovy India has fixed Tuesday, September 23, 2025, as the Record Date for determining shareholder eligibility for the final dividend.

Shareholder Eligibility

Shareholders of Grovy India Limited who are on the company's register as of the record date will be eligible to receive the dividend, pending approval at the Annual General Meeting.

The company secretary, Megha Mishra, confirmed this information in a formal communication to the BSE Limited on September 9, 2025. Investors and stakeholders are advised to take note of the record date for dividend entitlement purposes.

Grovy India's decision to distribute a dividend may be seen as a reflection of the company's financial position and its approach to shareholder returns. However, the final dividend payout remains contingent on receiving shareholder approval at the forthcoming AGM.