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Grovy India Limited reported a 62 per cent increase in net profit to INR 2.9 crore for FY26, supported by higher revenue and continued demand in South Delhi’s premium housing market. Total revenue rose to INR 35 crore from INR 26 crore in the previous financial year. The company is developing residential projects spanning 1.53 lakh sq ft across key South Delhi locations, with delivery scheduled between FY27 and FY28. It has also lined up additional projects in Greater Kailash I and Defence Colony, indicating expansion within supply-constrained micro-markets.
Grovy India Limited reported in the past week that its net profit increased by 62 per cent to INR 2.9 crore for the financial year 2025–26, compared with INR 1.8 crore in the preceding year, driven by improved revenue performance and continued traction in the premium residential segment. Advertisement
The company’s total revenue rose to INR 35 crore during FY26 from INR 26 crore a year earlier, reflecting growth across its operational portfolio. The management attributed the performance to sustained demand conditions and execution across ongoing residential developments.
According to Ankur Jalan, Chief Financial Officer of the company, the firm has been witnessing continued demand in South Delhi, particularly within premium residential micro-markets. He indicated that favourable macroeconomic conditions and consistent demand for high-end housing have supported growth prospects in the region, which has historically demonstrated resilience compared to other markets.
The company is currently undertaking multiple residential developments across established South Delhi colonies, with a cumulative development area of approximately 1.53 lakh sq ft. These projects are scheduled for delivery between the third quarter of FY27 and the fourth quarter of FY28, as per the company’s development timeline.
In addition to its ongoing portfolio, the company has planned two residential projects in Greater Kailash I and Defence Colony, covering a combined area of around 35,000 sq ft. These projects form part of its strategy to expand within established premium locations where supply remains constrained.
Jalan indicated that the company expects development activity to scale up over the next few years, supported by its existing inventory pipeline and partnership arrangements. He suggested that the company is positioned to increase its development output multiple-fold over the medium term.
The company highlighted that South Delhi continues to remain a supply-constrained market with historically strong price appreciation and consistent rental demand, particularly from expatriates, diplomats and professionals. It noted that projects in this region typically involve relatively shorter turnaround timelines, limited cost escalation risks and greater regulatory clarity compared to other markets.
Grovy India’s performance reflects broader trends in select premium micro-markets, where demand has remained stable despite moderation in overall housing growth across segments. The company’s focus on established locations with limited supply is expected to guide its development strategy in the near term, as it continues to expand its residential portfolio within South Delhi.
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