Grovy India Ltd. FY26 Profit ₹2.9 Cr, Q4 Profit ₹0.89 Cr on Unmodified Audit

Full year revenue stood at ₹35.35 crore, with net profit at ₹2.90 crore for FY26.
Quarterly revenue was ₹7.89 crore, netting a profit of ₹0.89 crore for Q4 FY26.

Reader Takeaway: Profit grew to ₹2.90 Cr in FY26; tax appeal and past volatility remain watchlist items.

What just happened (today’s filing)

Grovy India Ltd. has declared its audited financial results for the fiscal year ended March 31, 2026.

The company reported a total revenue of ₹35.35 crore and a net profit of ₹2.90 crore for FY26.

For the fourth quarter (Q4 FY26) ending March 31, 2026, Grovy India posted a revenue of ₹7.89 crore and a net profit of ₹0.89 crore.

Significantly, the statutory auditors, Ajay Rattan & Co., issued an unmodified (unqualified) opinion on these financial statements.

Additionally, the Board of Directors approved the appointment of Mr. Saroj Kumar Mishra as the Internal Auditor for the Financial Year 2026-27.

Why this matters

The clean audit opinion provides assurance on the company's financial reporting for the year.

While profitability is evident, investors will note a pending tax appeal and the company's history of profit fluctuations in prior periods.

This clarity on FY26 performance is crucial for shareholders assessing the company's stability and future prospects.

The backstory (grounded)

Grovy India Ltd. recently confirmed it does not meet the criteria for 'Large Corporate' (LC) status under SEBI regulations for FY26, exempting it from certain debt disclosures.

The company is currently contesting a tax demand of ₹1.19 crore, including tax and interest, by filing an appeal before the Income Tax Appellate Tribunal.

In a past governance concern, the company secretary and compliance officer was terminated due to misconduct in November 2025.

What changes now

Shareholders gain visibility into the company's FY26 financial performance with an auditor's clean report.

The appointment of a new Internal Auditor for FY27 signals ongoing governance oversight.

However, the pending tax litigation remains a potential contingent liability.

Risks to watch

• Tax Litigation: A tax demand of ₹1.19 crore is under appeal before the Income Tax Appellate Tribunal.
• Profit Volatility: The company's net profit saw a significant decline of 70.33% in the December 2025 quarter, indicating performance fluctuations.
• Governance Concern: The termination of the Company Secretary and Compliance Officer due to misconduct in November 2025 is a notable governance event.

Peer comparison

Grovy India operates in the Real Estate sector. Its peers include major developers such as DLF Ltd., Lodha Developers Ltd., Oberoi Realty Ltd., and Prestige Estates Projects Ltd.

Context metrics (time-bound)

• Grovy India's revenue for the financial year ending March 31, 2025, stood at ₹26.4 crore.

What to track next

• Updates on the outcome of the tax appeal filed with the Income Tax Appellate Tribunal.
• The company's strategy and performance in its core real estate business for FY27.
• Any further disclosures related to governance or regulatory compliance.
• Future financial results and auditor opinions.