Grovy India Q1 FY 2026-27: A sharp sequential rebound and a scale-up roadmap

The presentation reports revenue of INR 27.5843 crore and profit after tax of INR 1.9011 crore for Q1 FY 2026-27 (unaudited standalone).

Revenue increased 249.40% QoQ to INR 27.5843 crore, PAT increased 114.02% QoQ to INR 1.9011 crore, and EBITDA increased 80.84% QoQ to INR 2.7723 crore.

The presentation describes three models: Outright (direct ownership), Collaboration (joint venture where Grovy buys a portion of land in exchange for constructing the full property), and Turnkey (fee-based end-to-end execution for a property owner).

The project status table lists ongoing and pipeline residential projects in South Delhi locations including Greater Kailash 1 and 2, Hauz Khas, Anand Niketan, Neeti Bagh, Defence Colony, Gulmohar Park, and Safdarjung Enclave.

The company states an expected INR 40 crore fund-raise (with INR 15 crore being raised in July 2026), a preferential issue approval for up to 41,69,433 equity shares with allotment expected in July to August 2026, a target to scale to 20 to 25 projects annually over three years, and an NSE listing aim over the next three years (all subject to conditions and approvals).

The presentation reports Promoter and Promoter Group shareholding of 73.00% as of 30 June 2026.