Grovy India total revenue jumps 538 Percentage in Q1 FY26
New Delhi, August 11, 2025: Grovy India Limited, a BSE-listed South-Delhi headquartered real estate company, on Friday announced its first quarter earnings for FY26.
The company’s total revenue jumped by 538% to Rs 8.3 crore in Q1 FY2026 as compared to Rs 1.3 crore in the same period last year.
The net profit of the company rose to Rs 1.1 crore in Q1 FY26 from a loss of Rs 25 lakhs in Q1 FY25.
The company had recorded Rs 1.8 crore in net profit for the full financial year FY 2025.
The company’s revenue more than doubled between FY23-25 to Rs 26.4 crore for the full financial year FY 2025.
Ankur Jalan, CFO, Grovy India Limited said, “The company foresees a strong demand for its luxury projects in the coming quarters. Grovy has also partnered with a real estate Alternative Investment Fund (AIF) the Golden Growth Fund (GGF) to focus on the South Delhi market. The company has a strong pipeline of projects.”
“South Delhi is an end-user market that has tremendous demand owing to limited supply. Having already carved a niche in South Delhi with products that cater to the uber-luxurious and niche homebuyers, we are confident that with the strong pipeline of projects, we will present unparalleled opportunities for homebuyers.”
Grovy India Ltd is a Real Estate Development and Consultancy Company established the year 1985. Grovy has completed more than 100 projects.
The company works under the outright model where it buys the property and constructs the building to sell. It also operates under collaboration model where it purchases a portion of the land in exchange for constructing the property. It also works under the turnkey model where the property owner appoints the company to design and build as per the client’s needs.
The total assets of the company have increased by an impressive 59.76% to Rs 49 crore in FY25 indicating significant growth and expansion.
The company is undertaking the development of over 1 lakh sq. ft premium luxury boutique apartments in the South Delhi.
Affordable Housing: Collateral Damage of US Tariffs
Mumbai, 11 August 2025: The mounting trade tensions between India and the United States post the imposition of 50% tariffs are just trade disruptions. If not negotiated into moderation, they will massively impact many critical, yet vulnerable sectors that drive India’s affordable housing segment.
Dr. Prashant Thakur, Executive Director – Research & Advisory, ANAROCK Group, says, “This category of homes priced INR 45 lakh or less was already gravely hit by the COVID-19 pandemic and is still struggling to find any semblance of firm ground. Trump’s mercenary tariffs will snuff out even the dimmest ray of hope for this segment.”
India’s affordable housing segment is mainly driven by demand coming from the country’s MSMEs and SMEs which, despite their relatively modest scale, are deeply integrated into India’s export ecosystem. Their workforces are the primary clientele for affordable housing.
ANAROCK data finds that as of H1 2025, the sales share of affordable housing has dropped to mere 18%, or approx. 34,565 units of a total of 1.90 lakh units sold in the top 7 cities. The fact that affordable housing had an overall sales share of more than 38% in 2019 shows just how badly its momentum has faltered.
The post-pandemic demand decline in this segment, which caters to approx. 17.76% of India’s population of about 1.46 Bn, clearly reflects in the drop in supply of affordable housing. Its share of the total launches has plummeted from 40% in 2019 to just 12% in H1 2025.
MSMEs are a critical demographic of India’s economic landscape. Among its top employment and exports generators, they are India’s economic backbone. According to government estimates, MSMEs currently contribute nearly 30% to India’s GDP, and over 45% to its exports.
In exports, MSMEs have proliferated 228% in just the last four years – from 52,849 in FY 2020-21 to 173,350 in FY 2024-25. Together, MSMEs and SMEs formally and informally employ over 260 million Indians, particularly in labour-intensive industries like textiles, engineering goods, auto components, gems and jewellery, and food processing. When it comes to India’s growth story, editing out the SME/MSME chapter causes the entire narrative to collapse.
So far, the global economy presented a major opportunity to Indian MSMEs to seize new export markets, build global supply chains, and diversify revenue streams. The new tariff imposition, if it takes hold, puts a roadblock on what should be a no-limits speedway – and a chakka jam on the affordable housing vehicle that drives the homeownership dreams of the largest lower quadrant of the Indian population.
“Because of the disruption in this large workforce’s future income thanks to the tariffs, affordable housing demand may very possibly derail and further impact sales in this highly income-sensitive segment,” says Dr. Thakur. “Concurrently, such a drop in demand will curtail launches by developers, who will have to contend with tighter working capital due to lower sales. As it is, they have been grappling with serious input cost inflation since the pandemic.”
Housing finance institutions that cater to this segment’s home loans will look at a growing risk – of defaults at worst, and dampened disbursements on account of lower demand at best.
In short, the fate of India’s affordable housing segment hangs in the balance. How the government addresses the issue through coordinated policy, fiscal safeguards, and buyer-focused support measures will be pivotal. Affordable housing, the erstwhile poster child of a massive electoral exercise and the mainstay of every Indian’s dream of a financially stable future, hangs in the balance.
Prasar Bharati Partners with AEx SPORT to Broadcast Global League Wrestling
Prasar Bharati and AEx SPORT Announce Strategic Partnership to Broadcast Global League Wrestling (GLW)
Mumbai, 11th Aug, 2025: In a landmark development poised to transform India’s sports entertainment landscape, Prasar Bharati, the national public broadcaster, has signed a strategic Memorandum of Understanding (MoU) with AEx SPORT, the sports innovation vertical of UK-headquartered AdiGroupe, to broadcast Global League Wrestling (GLW) — the first professional wrestling league of its kind in India and the Asia-Pacific region.
This unique collaboration brings together the expansive national reach of Prasar Bharati — across both television, digital platforms and radio — and the global branding, content, production, IP and marketing expertise of AEx SPORT, to create a world class sports entertainment property designed for Indian, Asia-Pacific and global audiences.
A Cultural Milestone in Indian Sports Entertainment
GLW will officially be unveiled on 17 September 2025, followed by its broadcast debut on 4 October 2025, coinciding with the Government of India’s continued push to promote sports and youth engagement. GLW will be telecast on DD Sports and streamed on Prasar Bharati’s digital platform, Waves, and AIR with the inaugural season spanning 40 weeks of immersive, family-friendly programming.
Shri Navneet Kumar Sehgal, Chairman, Prasar Bharati, emphasized:
“This marks a new era for Indian pro-wrestling. The idea is to catapult the Indian sports to the global standards. Building on our existing partnerships with Hockey India, the Handball Association of India, PGTI, and others, this partnership reinforces our commitment to promote a variety of sports and will give India’s next generation of youth and athletes a national platform.”
Shri Gaurav Dwivedi, CEO, Prasar Bharati, commented:
“This partnership underscores Prasar Bharati’s continued commitment to delivering engaging, culturally resonant, and high-quality content to Indian audiences. GLW introduces a new genre of youth-led programming that combines traditional Indian storytelling with international sports entertainment standards.”
Sanjay Viswanathan, Chairman, AdiGroupe and AEx SPORT, added:
“GLW is part of AEx SPORT’s broader mission to build immersive and inclusive sports-based cultural experiences for sports fans worldwide. We are dedicating GLW to India on the auspicious day of 17 September, to build Indian youth’s pride and self-confidence through competitiveness and excellence in sports entertainment, and provide an opportunity for Indian pro-wrestling talent to shine on a global stage.”
Championing Indian Talent with Global Appeal
The GLW format has been meticulously developed to reflect Indian cultural ethos while embracing global benchmarks in narrative structure, production design, and athlete presentation. The league will introduce a fresh storytelling ecosystem, complete with original characters, cinematic storylines, and a production environment tailored for family viewing.
The Great Khali Joins GLW as Brand Ambassador and Talent Commissioner
Bolstering GLW’s appeal, The Great Khali, former WWE World Heavyweight Champion and one of the most globally recognized Indian athletes, will serve as Brand Ambassador and Talent Commissioner. In this dual role, he will play a pivotal part in talent identification, mentorship, and content development.
The Great Khali stated:
“Wrestling transformed my life and gave me a global platform. GLW presents a serious, structured, and entertaining opportunity for the next generation of Indian athletes to follow that same path. GLW will help them shine on Indian and global stages — on our own terms.”
ROHL Expands Presence in Central India with Signing of Regenta, Bhopal
Bengaluru, 11th Aug, 2025: Royal Orchid Hotels Ltd. (ROHL) has announced the signing of their latest property at Bhopal, at the heart of Madhya Pradesh as its expansion in the Northern region. The strategic expansion aligns with the brand’s strategy of expanding in the less discovered and growing regions of India to boost tourism and hospitality in these smaller undiscovered destinations. Developed in association with Regenta Hotel Bhopal Airport, the 70-key resort will be operated under a management agreement. The property reflects ROHL’s asset-light model and its focus on offering guests an amazing stay.
The new 70 key business hotel, including four spacious suites, is strategically situated on Airport Road, just 1 km from Raja Bhoj International Airport. With a built-up area of 56,000 sq ft, the brownfield property is designed to serve the evolving needs of modern business travellers and MICE clientele. It features three fully equipped conference rooms, a rooftop bar and restaurant, and wellness amenities such as a spa, swimming pool, and gym – creating a perfect balance of business efficiency and leisure comfort.
Commenting on the signing, Arjun Baljee, President, Royal Orchid Hotels Ltd., said, ” As we continue to grow our presence across India, cities like Bhopal play an important role in our journey, It’s a city on the rise, with a growing business landscape and a strong demand for quality hospitality. This new hotel is designed with today’s business traveller in mind, practical, comfortable, and well-connected. We’re proud to bring the Regenta experience to Bhopal in partnership with Sarla Builders & Developers and we eagerly await visitors looking for connectivity, comfort, and genuine hospitality”
Bhopal – the capital city of Madhya Pradesh – is a vibrant administrative and commercial centre with growing infrastructure, numerous regional offices, and increasing demand for organised hospitality offerings. Apart from its business appeal, Bhopal also attracts a steady influx of leisure travellers, thanks to its unique blend of serene lakes, cultural heritage, and historical monuments.
Mrs. Komal Punjabi & Mr. Manal Punjabi said “We’re excited to collaborate with Royal Orchid Hotels to bring the Regenta experience to Bhopal. This partnership reflects our shared commitment to offering guests an elevated stay experience – professional yet warm, efficient yet relaxed.”