{"id":33275,"date":"2024-11-16T12:03:50","date_gmt":"2024-11-16T06:33:50","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2024\/11\/16\/sumit-woods-limited-sees-171-percent-surge-in-consolidated-pat-in-q2-fy25\/"},"modified":"2024-11-16T12:03:50","modified_gmt":"2024-11-16T06:33:50","slug":"sumit-woods-limited-sees-171-percent-surge-in-consolidated-pat-in-q2-fy25","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2024\/11\/16\/sumit-woods-limited-sees-171-percent-surge-in-consolidated-pat-in-q2-fy25\/","title":{"rendered":"Sumit Woods Limited Sees 171 Percent Surge in Consolidated PAT In Q2 FY25"},"content":{"rendered":"
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Mumbai (Maharashtra) [India],November 15: <\/strong>Sumit Woods Limited.\u00a0(NSE \u2013\u00a0SUMIT),\u00a0is dedicated to delivering high-quality residential and community spaces,\u00a0announced its Unaudited Financial Results for\u00a0Q2FY25.<\/p>\n

Q2 FY25 Consolidated\u00a0Financial Highlights<\/strong><\/p>\n

\u2022\u00a0Total Income of\u00a0\u20b9\u00a044.22 Cr, YoY growth of 12.90%<\/p>\n

\u2022\u00a0EBITDA of\u00a0\u20b9\u00a05.69 Cr, YoY growth of 5.10%<\/p>\n

\u2022\u00a0EBITDA Margin (%) of 12.87%, YoY growth of -96 BPS<\/p>\n

\u2022\u00a0Net Profit of\u00a0\u20b9\u00a02.56 Cr, YoY growth of 170.97%<\/p>\n

\u2022\u00a0Net Profit Margin (%) of 5.78%, YoY growth of 337 BPS<\/p>\n

\u2022\u00a0EPS of\u00a0\u20b9\u00a00.58, YoY growth of 205.26%<\/p>\n

Comment on Financial Performance\u00a0Mr. Mitaram Jangid, Managing Director of\u00a0Sumit Woods Limited,\u00a0said\u00a0\u201cI 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 \u2018Sumit Atulyam\u2019 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.\u00a0The completion of key projects and the receipt of vital approvals such as the Occupancy Certificate for Arcenciel and the Registration Certificate for \u2018Sumit KMR Param\u2019 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\u00a0one of the\u00a0leading players\u00a0in the real estate sector.<\/p>\n

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.\u201d<\/p>\n

H1\u00a0FY25 Result Highlights of\u00a0Sumit Woods Limited<\/strong><\/p>\n\n\n\n\n\n\n\n
Selected As Developer<\/td>\nSelected as developer to redevelop new project in Prabhadevi, will offer gross development value around\u00a0\u20b9500 Cr<\/td>\n<\/tr>\n
Completed \u2018Sumit Atulyam\u2019 Project<\/td>\nCompleted \u2018Sumit Atulyam\u2019 Project, Mumbai, received the \u2018Occupation cum Building Completion Certificate<\/td>\n<\/tr>\n
Obtained Registration Certificate<\/td>\nObtained the Registration Certificate for the \u2018Sumit KMR Param\u2019 project under Registration No. P51800076840 from the Maharashtra Real Estate Regulatory Authority.<\/td>\n<\/tr>\n
Selected As Developer<\/td>\nSelected as developer to redevelop Dattani Trade Center Co-operative Society Premises Limited, Mumbai,\u00a0has potential revenue of\u00a0\u20b9\u00a0450 Cr<\/td>\n<\/tr>\n
Received Occupancy Certificate<\/td>\nReceived Occupancy Certificate for Arcenciel, Mumbai, from Municipal Corporation of Greater Mumbai.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India],November 15: Sumit Woods Limited.\u00a0(NSE \u2013\u00a0SUMIT),\u00a0is dedicated to delivering high-quality residential and community spaces,\u00a0announced its Unaudited Financial Results for\u00a0Q2FY25. Q2 FY25 Consolidated\u00a0Financial Highlights […]<\/p>\n","protected":false},"author":1,"featured_media":33276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-33275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/33275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=33275"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/33275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/33276"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=33275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=33275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=33275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}