Sumit Woods Limited H1 FY27 revenue rises 55%, PAT gains 58%

Sumit Woods reported standalone revenue from operations of Rs 81.09 crore in H1 FY27, up 54.90% year on year, and profit after tax of Rs 6.24 crore, up 57.60%, for the half year ended September 30, 2026. Consolidated revenue rose 48.50% to Rs 81.83 crore.

How did Sumit Woods perform on a standalone basis in H1 FY27?

Sumit Woods increased standalone revenue, profit before tax and profit after tax by more than 50% in H1 FY27 versus H1 FY26. Revenue from operations rose by Rs 28.74 crore to Rs 81.09 crore, while total income increased by Rs 29.12 crore to Rs 84.30 crore. Profit before tax (PBT) rose by Rs 3.15 crore to Rs 8.39 crore, and profit after tax (PAT) increased by Rs 2.28 crore to Rs 6.24 crore.

Sumit Woods recorded total expenses of Rs 75.91 crore in H1 FY27, up 52.00% from Rs 49.94 crore in H1 FY26, compared with a 52.80% increase in total income. Earnings per share (EPS), the profit measure stated per share, increased to Rs 1.30 from Rs 0.87, a 49.40% rise. The reported PBT growth of 60.10% was higher than the increase in total income.

Sumit Woods also recorded a Rs 49.78 lakh write-off of intangible work-in-progress during H1 FY27 after reassessing its recoverability. Sumit Woods said the underlying project was not expected to generate future economic benefits and described the charge as a one-time item to be considered separately from regular operating performance.

How did Sumit Woods' consolidated results compare with standalone results?

Sumit Woods reported consolidated revenue from operations of Rs 81.83 crore in H1 FY27, up 48.50% from Rs 55.09 crore in H1 FY26, which was below the 54.90% standalone revenue growth rate. Consolidated total income rose 48.00% to Rs 84.09 crore, compared with standalone total income of Rs 84.30 crore for the same half year.

Consolidated PBT increased 28.30% to Rs 7.18 crore from Rs 5.60 crore, while consolidated PAT rose 40.00% to Rs 5.07 crore from Rs 3.62 crore. Profit attributable to owners was Rs 5.10 crore, up from Rs 3.72 crore, and consolidated EPS increased to Rs 1.07 from Rs 0.82.

Sumit Woods' standalone PAT of Rs 6.24 crore was Rs 1.17 crore above consolidated PAT of Rs 5.07 crore in H1 FY27. Standalone PBT of Rs 8.39 crore was also Rs 1.21 crore higher than consolidated PBT of Rs 7.18 crore. The announcement did not provide a segment-level reconciliation for the difference between the two reporting bases.

What changed in Sumit Woods' cash, assets and inventories?

Sumit Woods' standalone cash and cash equivalents rose to Rs 11.07 crore at September 30, 2026, from Rs 2.96 crore at March 31, 2026, alongside a reported net cash inflow of Rs 8.12 crore during H1 FY27. The closing cash balance was Rs 8.11 crore higher than at the start of the half year.

Standalone total assets increased to Rs 348.57 crore at September 30, 2026, from Rs 300.61 crore at March 31, 2026. Inventories rose by Rs 40.18 crore to Rs 212.96 crore from Rs 172.78 crore. Sumit Woods attributed the increase in assets mainly to higher inventories and project-related investments.

Consolidated total assets rose to Rs 462.23 crore at September 30, 2026, from Rs 402.93 crore at March 31, 2026. Consolidated inventories increased by Rs 56.83 crore to Rs 341.75 crore from Rs 284.92 crore, reflecting continued investment in ongoing real estate projects and development activities, according to Sumit Woods.

What other actions did Sumit Woods disclose in H1 FY27?

Sumit Woods disclosed the lapse of 1.75 lakh convertible warrants because their holders did not exercise their conversion option within the prescribed period. The upfront amount received was forfeited and transferred to capital reserve under other equity, with no effect on the statement of profit and loss, according to Sumit Woods.

Sumit Woods also said it paid the FY 2025-26 dividend to eligible shareholders in accordance with applicable provisions. The announcement did not disclose the dividend amount, payment date or number of recipients. It described Sumit Woods as a Mumbai-based developer of premium residential and commercial redevelopment projects across the Mumbai Metropolitan Region.

The Rs 49.78 lakh intangible work-in-progress charge and the warrant forfeiture were accounted for differently in the H1 FY27 disclosure. The project-related write-off was made because future economic benefits were not expected, while the forfeited warrant proceeds were transferred to capital reserve without an impact on profit or loss.

Conclusion

Sumit Woods reported higher revenue and profitability on both reporting bases in H1 FY27, led by a 54.90% increase in standalone revenue to Rs 81.09 crore and a 57.60% increase in standalone PAT to Rs 6.24 crore. Consolidated revenue rose 48.50% to Rs 81.83 crore and consolidated PAT increased 40.00% to Rs 5.07 crore, while standalone cash rose to Rs 11.07 crore.

The next disclosures will show how Sumit Woods' continued investment in ongoing projects develops, with consolidated inventories at Rs 341.75 crore at September 30, 2026. The announcement provides no financial target or project-completion timetable, leaving subsequent results to clarify the outcome of the inventory and project-related investment build-up.