Sumit Woods Limited — Updates, 15-11-2024: Press Release

Sumit Woods Limited has reported a significant 171% year-on-year increase in consolidated profit after tax (PAT) for Q2 FY25, reaching ₹2.56 Cr, driven by strong project completions and robust revenue growth. Total income rose by 12.90% to ₹44.22 Cr, while EBITDA improved to ₹5.69 Cr, reflecting a 5.10% increase. The EBITDA margin slightly contracted to 12.87%, but the PAT margin surged to 5.78%.

Strategically, the company has been selected as the developer for two high-value redevelopment projects in Prabhadevi and the Dattani Trade Center, with an estimated gross development value of ₹500 Cr and potential revenue of ₹450 Cr, respectively. The recent completion of the 'Sumit Atulyam' project, along with receipt of vital occupancy and registration approvals, underscores the company's commitment to timely project delivery.

With 15 lakh square feet currently under construction and a robust project pipeline, Sumit Woods is positioned for sustainable growth, indicating a positive outlook for ongoing and forthcoming projects.