Sumit Woods Ltd Share Price – NSE

Realty, Small Cap

The aforementioned redevelopment project is located at a prime location on Chandavarkar Road. The project has potential revenue of 450 crore.

The value of the said project is nearly 1.87 times of Sumit Woods’ market capitalization, which currently stands at Rs 240.09 crore.

Sumit Woods is engaged in the construction of residential and commercial buildings across Mumbai and Goa.

The company's consolidated net profit surged to Rs 5.13 crore in the quarter ended March 2024 as against Rs 2.57 crore during the previous quarter ended March 2023. Sales rose 42.76% to Rs 65.40 crore in Q4 FY24 over Q4 FY23.Powered by Capital Market - Live News

Net profit of Sumit Woods rose 99.61% to Rs 5.13 crore in the quarter ended March 2024 as against Rs 2.57 crore during the previous quarter ended March 2023. Sales rose 42.76% to Rs 65.40 crore in the quarter ended March 2024 as against Rs 45.81 crore during the previous quarter ended March 2023.

For the full year,net profit rose 17.67% to Rs 8.99 crore in the year ended March 2024 as against Rs 7.64 crore during the previous year ended March 2023. Sales rose 77.90% to Rs 180.46 crore in the year ended March 2024 as against Rs 101.44 crore during the previous year ended March 2023.

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Net profit of Sumit Woods declined 93.44% to Rs 0.08 crore in the quarter ended March 2024 as against Rs 1.22 crore during the previous quarter ended March 2023. Sales declined 6.91% to Rs 18.06 crore in the quarter ended March 2024 as against Rs 19.40 crore during the previous quarter ended March 2023.

For the full year,net profit rose 93.89% to Rs 5.08 crore in the year ended March 2024 as against Rs 2.62 crore during the previous year ended March 2023. Sales rose 87.90% to Rs 64.45 crore in the year ended March 2024 as against Rs 34.30 crore during the previous year ended March 2023.

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Sumit Woods will hold a meeting of the Board of Directors of the Company on 29 May 2024

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