NEW DELHI: Realty firm Grovy India Ltd reported a net profit of ₹1.1 crore in the first quarter of the current fiscal year.
In the same period last year, the Delhi-based company faced a net loss of ₹25 lakh.
According to Grovy’s statement, total revenue surged to ₹8.3 crore for the April-June quarter, up from ₹1.3 crore during the same timeframe last year.
Founded in 1985, Grovy India specializes in real estate development and consultancy, having completed over 100 independent floor projects mainly in South Delhi.
The company is currently developing more than 1 lakh square feet of luxury apartments in South Delhi.
