Sumit Woods Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Sumit Woods Ltd reported a 30.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 28.7%.
- Its expenses for the quarter were down by 34.7% QoQ and 31.7% YoY.
- The net profit decreased 20.8% QoQ and decreased 11.0% YoY.
- The earnings per share (EPS) of Sumit Woods Ltd stood at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 30.90 | 44.22 | 43.36 | -30.1% | -28.7% |
Total Expenses | 27.13 | 41.53 | 39.75 | -34.7% | -31.7% |
Profit Before Tax | 3.77 | 2.69 | 3.61 | 40.1% | 4.4% |
Tax | 1.80 | -0.12 | 1.35 | -1600.0% | 33.3% |
Profit After Tax | 2.02 | 2.55 | 2.27 | -20.8% | -11.0% |
Earnings Per Share | 0.70 | 0.60 | 0.50 | 16.7% | 40.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sumit Woods Ltd is a company primarily involved in the real estate development sector. It engages in the development and construction of residential, commercial, and redevelopment projects. The company operates mainly within India and focuses on delivering quality real estate solutions. As of the last update, there have been no significant recent developments available. The company continues to manage its projects and operations in an industry that is influenced by economic cycles, regulatory changes, and market demand dynamics.
Revenue
In the third quarter of FY25, Sumit Woods Ltd reported a total income of ₹30.90 crores. This represents a decrease of 30.1% compared to the previous quarter (Q2FY25), where total income was ₹44.22 crores. When compared year-over-year, the total income declined by 28.7% from ₹43.36 crores in Q3FY24. This downward trend in revenue reflects a significant shift over both the quarter and the year. The revenue figures highlight the challenges faced in maintaining income levels in the face of changing market conditions.
Profitability
For Q3FY25, Sumit Woods Ltd reported a Profit Before Tax (PBT) of ₹3.77 crores, marking a 40.1% increase from the previous quarter's PBT of ₹2.69 crores. Year-over-year, PBT saw a modest increase of 4.4% from ₹3.61 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 was ₹2.02 crores, which is a 20.8% decrease from the preceding quarter's PAT of ₹2.55 crores, and an 11.0% decrease compared to the ₹2.27 crores recorded in Q3FY24. The earnings per share (EPS) rose to ₹0.70 in Q3FY25, reflecting a 16.7% increase from Q2FY25 and a 40.0% increase year-over-year from ₹0.50 in Q3FY24.
Operating Metrics
The total expenses for Sumit Woods Ltd in Q3FY25 were ₹27.13 crores, showing a 34.7% decrease from the previous quarter's expenses of ₹41.53 crores. Comparatively, there was a year-over-year decrease of 31.7% from ₹39.75 crores in Q3FY24. This marked reduction in expenses over the quarters and the year could be indicative of cost management strategies or reductions in operational activities. The tax expense for the quarter was ₹1.80 crores, which contrasts with a tax rebate of ₹0.12 crores in Q2FY25 and showed a 33.3% increase from ₹1.35 crores in Q3FY24. These operating metrics provide insights into the financial management and cost structures that the company is navigating through its current business environment.
