Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Press Release.
SUMIT · price
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Sumit Woods Limited has been appointed as the developer to redevelop Station Plaza Premises Co-operative Society at Kanjur Village, Bhandup West, Mumbai. The project covers approximately 6.50 lakh sq. ft. of total area with a saleable carpet area of 2.00 lakh sq. ft., and is expected to generate a Gross Development Value (GDV) of ₹700 crore. The company, with 39 years of experience and 65+ completed projects, is expanding its Mumbai portfolio alongside ongoing projects in Borivali West and Prabhadevi. For context, Sumit Woods reported FY24 total revenues of ₹182 crore, EBITDA of ₹30 crore, and net profit of ₹10 crore, making this project several times the size of its annual revenue base.
This ₹700 crore project significantly expands Sumit Woods' development pipeline and reinforces its position in the Mumbai redevelopment market. For shareholders, the project provides multi-year revenue visibility and strengthens the company's order book, though execution and cash flow management will be key to translating this pipeline into reported earnings.