Sumit Woods Q1 Results Revenue ₹3,238.06 Lakhs & Net Profit ₹170.69 Lakhs

Sumit Woods’ Q1 results for the fiscal year has shown a variety of financial figures. The revenue from operations in the quarter ending June 30, 2024, was ₹3,238.06 lakhs, which is a decrease from the ₹6,540.32 lakhs reported for the full year ending March 31, 2024. Other income for the quarter was ₹277.61 lakhs, significantly higher than ₹57.12 lakhs for the previous year-end. The total income for the quarter stands at ₹3,515.67 lakhs, compared to ₹6,597.44 lakhs for the year-end.

Sumit Woods’ expenses include purchases of materials at ₹392.11 lakhs, changes in inventories at ₹353.73 lakhs, and employee benefits expense at ₹357.22 lakhs. Construction and development expenses are substantial at ₹1,746.27 lakhs, with finance costs of ₹309.49 lakhs and depreciation and amortisation at ₹12.66 lakhs. Impairment losses amount to ₹135.10 lakhs, and administrative expenses are ₹124.68 lakhs. Total expenses for the quarter are ₹3,306.59 lakhs, less than ₹5,991.73 lakhs reported for the year-end.

Sumit Woods’ net profit for the quarter is ₹170.69 lakhs, which is slightly higher than the ₹161.65 lakhs for the same quarter last year. The total comprehensive income for the period is ₹168.65 lakhs. The earnings per share are reported as ₹0.53 basic and ₹0.42 diluted. The financial performance reflects a period of decreased revenue but effective cost management, with a stable profit despite lower operational income.

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Sumit Woods Q1 Results

For the fiscal year 2024-2025, Sumit Woods has reported its first quarter results with the following key figures. The revenue from operations decreased to ₹3,238.06 lakhs compared to the previous year’s ₹3,359.47 lakhs. Other income increased to ₹277.61 lakhs.

Here’s the information about the results: 

Sumit Woods Key Financial Metrics

Sumit Woods's table provides key financial details. The Market Cap is ₹340 Crores, indicating the total value of the company’s shares. The Current Price is ₹111 per share. Over the past period, the share's High was ₹116 and its Low was ₹27.0. The Stock P/E Ratio is 37.5, showing how much investors are willing to pay for each rupee of earnings. 

Here's the information in table format:

Quarterly Results 

Sumit Woods had sales of ₹42.85 crores and expenses of ₹35.56 crores in December 2023, resulting in an operating profit of ₹7.29 crores with a 17.01% profit margin. By March 2024, sales increased to ₹65.40 crores, but expenses also rose to ₹54.77 crores.

Here's a simple explanation of the financial data for December 2023, March 2024, and June 2024 for Sumit Woods:

About Sumit Woods 

Sumit Woods is a real estate company focused on developing eco-friendly and large-scale projects. Their mission is to create modern, comfortable spaces such as townships, commercial centers, malls, farmhouses, and resorts, all while being mindful of the environment. They aim to set new standards in the real estate industry by combining comfort with sustainability. 

Sumit Woods’ vision is to improve community living by offering high-quality homes and spaces that enhance lifestyle and convenience. Sumit Woods has a strong set of values that guide their work, emphasizing their commitment to both quality and environmental care. They are not only known for their residential projects but also for their efforts in slum rehabilitation and redevelopment, which help transform the cityscape and improve the lives of those in poverty. 

Since its inception in 1986, Sumit Woods has completed numerous projects across Mumbai and Goa, including significant developments like the Sumit Greendale mega project and the luxury Sumit Atulyam. Their dedication to innovation and leadership has earned them various awards and recognition in the real estate sector.