Grovy India Limited's Board of Directors met on July 23, 2026, from 4:00 PM to 5:30 PM IST and approved the unaudited financial results for the first quarter ended June 30, 2026, along with the Limited Review Report.
Financial Results Overview
The company reported total income of ₹2,758.43 lakh (₹27.58 crore) for Q1 FY27 (quarter ended June 30, 2026), compared to ₹789.48 lakh for Q4 FY26 (quarter ended March 31, 2026) and ₹829.65 lakh for Q1 FY26 (quarter ended June 30, 2025).
Profit before tax stood at ₹254.04 lakh for Q1 FY27, compared to ₹200.53 lakh for Q4 FY26 and ₹147.06 lakh for Q1 FY26.
Segment-Wise Performance (Q1 FY27)
Revenue:
- Realty Division (including Construction): ₹2,749.93 lakh
- Trading of Securities: ₹0 lakh (not reported)
- Unallocated: ₹8.50 lakh
Segment Results (Earning/Loss before interest and tax):
- Realty Division: ₹292.71 lakh profit
- Trading of Securities: ₹0 (not reported)
- Unallocated: ₹(15.49) lakh loss
Expenses:
- Depreciation: ₹0.88 lakh
- Finance cost: ₹22.30 lakh
Segment Assets (as of June 30, 2026):
- Realty Division: ₹8,579.55 lakh
- Trading of Securities: ₹54.75 lakh
- Unallocated: ₹42.36 lakh
- Total Segment Assets: ₹8,676.66 lakh
Segment Liabilities (as of June 30, 2026):
- Realty Division: ₹6,025.25 lakh
- Unallocated: ₹146.73 lakh
- Total Segment Liabilities: ₹6,171.98 lakh
Comparative Figures
Quarter ended March 31, 2026 (Audited):
- Total Income: ₹789.48 lakh
- Realty Division Revenue: ₹698.78 lakh
- Trading of Securities Revenue: ₹34.35 lakh
- Profit Before Tax: ₹200.53 lakh
Quarter ended June 30, 2025 (Unaudited):
- Total Income: ₹829.65 lakh
- Realty Division Revenue: ₹825.36 lakh
- Trading of Securities Revenue: ₹4.04 lakh
- Profit Before Tax: ₹147.06 lakh
Auditor's Review
Ajay Rattan & Co., Chartered Accountants (Firm Registration No. 012063N), conducted a limited review of the unaudited financial results. Partner Ajay Aggarwal (Membership No. 090975) issued an unmodified review report dated July 23, 2026, stating that nothing came to their attention causing them to believe the statement contains any material misstatement. The review was performed in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
Notes to Financial Results
1. Financial results prepared in accordance with Indian Accounting Standard (Ind AS) 34 and Companies Act, 2013.
2. Results reviewed by Audit Committee and approved by Board of Directors on July 23, 2026.
3. Figures for quarter ended March 31, 2026, are balancing figures between audited full-year figures and previously published unaudited year-to-date figures.
4. Company has two primary operating segments: Realty Division (including Construction) and Trading of Securities.
5. In board meeting dated June 9, 2026, company decided to increase authorized share capital from ₹13.50 crore (1.35 crore equity shares of ₹10 each) to ₹25.00 crore (2.50 crore equity shares of ₹10 each). Company proposed to allot 41,69,433 equity shares to promoter & promoter group and public category on preferential basis for future fund raising.
6. Previous period figures have been regrouped for consistency.