Lower revenues in the December quarter dragged Keystone Realtors' profit sharply lower, even as nine-month pre-sales growth remained strong
Realty firm Keystone Realtors Ltd on Friday reported a 3 per cent decline in its sales bookings to Rs 837 crore in the third quarter of this fiscal as it launched only one housing project. Its sales bookings stood at Rs 863 crore in the year-ago period. Mumbai-based Keystone Realtors Ltd sells properties under Rustomjee brand. During the first nine months of this fiscal, the company's sales bookings grew 23 per cent to Rs 2,676 crore as compared to Rs 2,174 crore in the corresponding period of the preceding year, according to a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, said the company continues to demonstrate strong operational momentum. He said the October-December period "marked a quarter of robust performance, reinforcing the strength of our business model, disciplined execution, and consistent growth". Keystone Realtors has achieved 67 per cent of pre-sales guidance for this financial year. In the third quarter, the company launched one project with an .
Realty firm Keystone Realtors plans to launch a super luxury residential project in Mumbai next month with a revenue potential of about Rs 3,000 crore, a top company official said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. In an interview with PTI, Keystone Realtors Chairman and Managing Director Boman Irani said the company is very bullish on housing demand and expressed confidence of easily achieving the sales bookings target of Rs 4,000 crore this fiscal year. The company has already sold properties worth Rs 1,839 crore in the first half of 2025-26, up 40 per cent annually. About new launches, Irani said the company is targeting to launch a super luxury residential project at Bandstand, Bandra, in Mumbai next month. "The gross development value (GDV) of this upcoming project will be around Rs 3,000 crore," he said. Irani said the company had given an annual guidance of launching Rs
Keystone Realtors' Q2 profit fell sharply to Rs 8.55 crore as the developer adopted a new accounting standard while revenue and Ebitda declined even as pre-sales and project launches rose in H1 FY26