Tag: keystone realtors

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Net Profit Drops 84.91%

NEW DELHI: Keystone Realtors reported an 84.91% decline in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit post-tax was ₹9.89 crore for Q2 FY26, compared to ₹65.55 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹520.92 crore, down 6.35% from ₹556.22 crore reported in the same quarter last year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹772 crore in Q2 FY26, representing a 10% year-on-year growth on a quarterly basis, and ₹1,839 crore for H1…

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Sales Bookings Up 9% to ₹763 Crore

NEW DELHI: Keystone Realtors, a leading real estate firm, reported a 9% increase in sales bookings, totaling Rs 763 crore for the second quarter of this fiscal year. This growth is attributed to increased demand for its properties, compared to Rs 700 crore during the same period last year. The company noted, “Pre-sales reached Rs 763 crore in Q2 of FY26, compared to Rs 700 crore in Q2FY25, marking a 9% year-on-year growth,” as stated in a regulatory filing. For the first half of this fiscal year, sales bookings surged by 40% to Rs 1,831 crore, up from Rs 1,311…

IndustryLatest Stories

Keystone Realtors’ Q1 FY26 Net Profit Falls 36.34%

NEW DELHI: Keystone Realtors has reported a 36.34% decline in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax for Q1 FY26 was ₹16.33 crore, compared to ₹25.65 crore in the same quarter of the previous fiscal year, according to a filing with BSE. The company’s net consolidated total income was ₹288.64 crore for Q1 FY26, reflecting a 33.98% decrease from ₹437.20 crore in the corresponding quarter last year. In Q1 FY26, Keystone Realtors achieved a 75% increase in pre-sales, totaling ₹1,068 crore, while collections amounted to ₹575 crore. The company launched three projects…

IndustryLatest Stories

Keystone Realtors’ Q1 FY26 Pre-Sales Surge 75% to ₹10.68B

NEW DELHI: Keystone Realtors has announced pre-sales of ₹10.68 billion in Q1 FY26, marking a 75% increase from ₹6.11 billion in Q1 FY25. The strong performance is attributed to consistent launch activity and a strategic focus on redevelopment carried over from the last fiscal year. Collections for the quarter were ₹5.75 billion, reflecting a 19% year-on-year growth, which highlights steady cash flow and strong customer confidence. Boman Irani, chairman & managing director of the company, stated, “We achieved pre-sales of ₹10.68 billion, demonstrating an impressive 75% year-on-year growth. This quarter, we launched three projects with an estimated gross development value…

IndustryLatest Stories

Keystone Realtors to Redevelop 25 GTB Nagar Buildings

AI-generated Representative Image NEW DELHI: Keystone Realtors has successfully obtained the letter of acceptance (LOA) for redeveloping 25 buildings of Sindhi refugees at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada, Mumbai, in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). The redevelopment spans approximately 11.19 acres (45,308 sq. meters) and aims to benefit over 1,400 families. This project is expected to generate a saleable area of about 20.7 lakh sq. feet, with a projected gross development value (GDV) of ₹4,521 crore. Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed, “We are honored to receive…

IndustryLatest Stories

Keystone Realtors to Revamp Eight Societies in Andheri West

NEW DELHI: Keystone Realtors (Rustomjee Group) has been appointed as the developer for a significant cluster redevelopment project in Andheri West, Mumbai, chosen by eight housing societies. A development agreement (DA) has been finalized with five societies, while letters of intent (LOIs) have been received from the remaining three, with the execution of DAs anticipated in the coming days. Boman Irani, Chairman and Managing Director of the company, stated, “With a GDV close to ₹3,000 crore and an extensive development footprint, this project showcases our commitment to scale, location, and value generation.” The redevelopment plan entails transforming a group of…