Considered and approved the un-audited Financial Result of the Company for the quarter ended December 31, 2025 along with Limited Review Report thereon on record and Considered the proposals ....
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Grovy India's board, which met on January 28, 2026, approved the unaudited financial results for the quarter ended December 31, 2025 along with the Limited Review Report. Total revenue for the quarter stood at Rs. 362.87 lakhs, sharply lower than Rs. 1,970.31 lakhs in the same quarter last year and Rs. 1,552.87 lakhs in the previous quarter, reflecting the lumpy nature of real estate revenue recognition. Profit after tax for the quarter was Rs. 60.26 lakhs versus Rs. 182.47 lakhs a year ago, though it improved from Rs. 37.63 lakhs sequentially. On a nine-month basis, revenue rose about 24% YoY to Rs. 2,745.40 lakhs and PAT grew roughly 26% to Rs. 201.01 lakhs. The board also gave in-principle approval for raising capital of up to Rs. 40 Crore in one or more tranches, with the mode, structure and timing to be decided later subject to regulatory and shareholder approvals.
The Rs. 40 Crore capital raise plan could be dilutive for existing shareholders once the mode is finalised, while the strong nine-month growth in revenue and profit is offset by highly volatile quarterly numbers typical of the real estate business.