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Mumbai (Maharashtra) [India],November 15: Sumit Woods Limited. (NSE – SUMIT), is dedicated to delivering high-quality residential and community spaces, announced its Unaudited Financial Results for Q2FY25.
Q2 FY25 Consolidated Financial Highlights
• Total Income of ₹ 44.22 Cr, YoY growth of 12.90%
• EBITDA of ₹ 5.69 Cr, YoY growth of 5.10%
• EBITDA Margin (%) of 12.87%, YoY growth of -96 BPS
• Net Profit of ₹ 2.56 Cr, YoY growth of 170.97%
• Net Profit Margin (%) of 5.78%, YoY growth of 337 BPS
• EPS of ₹ 0.58, YoY growth of 205.26%
Comment on Financial Performance Mr. Mitaram Jangid, Managing Director of Sumit Woods Limited, said “I am delighted to share that we have delivered financial results for the quarter, which reflects our focused strategy and continued success in our key projects. Our growth in revenue and profitability is a direct result of the successful completion of strategic projects like ‘Sumit Atulyam’ and the positive developments around our new projects in Prabhadevi and Dattani Trade Center. These milestones highlight our ability to consistently create value and unlock new opportunities for growth. The completion of key projects and the receipt of vital approvals such as the Occupancy Certificate for Arcenciel and the Registration Certificate for ‘Sumit KMR Param’ demonstrate our commitment to delivering quality projects on time. Being selected as the developer for high-value redevelopment projects like those in Prabhadevi and Dattani further solidifies our position as one of the leading players in the real estate sector.
Looking ahead, with over 15 lakh square feet of ongoing construction and a solid pipeline of upcoming projects, I am confident that our focus on quality, market responsiveness, and sustainable growth will continue to drive our financial success and market leadership.”
H1 FY25 Result Highlights of Sumit Woods Limited
| Selected As Developer | Selected as developer to redevelop new project in Prabhadevi, will offer gross development value around ₹500 Cr |
| Completed ‘Sumit Atulyam’ Project | Completed ‘Sumit Atulyam’ Project, Mumbai, received the ‘Occupation cum Building Completion Certificate |
| Obtained Registration Certificate | Obtained the Registration Certificate for the ‘Sumit KMR Param’ project under Registration No. P51800076840 from the Maharashtra Real Estate Regulatory Authority. |
| Selected As Developer | Selected as developer to redevelop Dattani Trade Center Co-operative Society Premises Limited, Mumbai, has potential revenue of ₹ 450 Cr |
| Received Occupancy Certificate | Received Occupancy Certificate for Arcenciel, Mumbai, from Municipal Corporation of Greater Mumbai. |
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