Considered and approved the unaudited financial results for the First quarter ended on 30th June, 2025 along with Limited Review Report thereon on record.
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Grovy India Ltd's board, meeting on 8 August 2025, approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) along with a clean Limited Review Report from statutory auditor Ajay Rattan & Co. Total revenue surged to ₹829.65 lakhs from just ₹127.71 lakhs in Q1 FY25, driven mainly by the Realty Division (revenue of ₹825.36 lakhs vs ₹125.77 lakhs). The company swung from a loss before tax of ₹(25.10) lakhs to a profit of ₹147.06 lakhs, with profit after tax at ₹109.69 lakhs versus a loss of ₹(25.10) lakhs a year ago. Basic/diluted EPS improved to ₹0.82 from ₹(0.19). No exceptional items were reported, and the auditor's review did not flag any qualifications or concerns.
A sharp turnaround to profitability and ~6.5x revenue growth YoY is a strong positive signal for shareholders, indicating robust real-estate sales momentum. Investors should watch for sustainability of this growth across coming quarters given the small base and the lumpy nature of property revenues.