Keystone Realtors Limited has informed the Exchange regarding a press release dated May 14, 2025, titled "Audited Financial Result for the March 31, 2025".
RUSTOMJEE · price
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Keystone Realtors (Rustomjee) reported FY25 consolidated revenue of INR 2,004 crores, with EBITDA more than doubling to INR 332 crores (margin expanding to 15.6% from 7.2% in FY24) and PAT rising to INR 188 crores from INR 111 crores. Pre-sales for FY25 reached INR 3,028 crores, a 34% YoY growth, surpassing the company's own guidance, supported by the launch of 7 new projects with a gross development value (GDV) of INR 5,019 crores. Collections stood strong at INR 2,327 crores with an efficiency of ~77%, and the company added 9 new projects with a GDV of INR 4,783 crores, exceeding its FY25 guidance of INR 4,000 crores. The Board recommended a final dividend of INR 1.50 per share (15% of face value), and credit rating was upgraded from ICRA A to ICRA A+, reflecting improved financial health with net debt at NIL and gross debt-to-equity at just 0.12.
Strong operational and financial performance with margin doubling, debt-free status, credit rating upgrade, and dividend declaration are positive signals for shareholders. The beat on pre-sales guidance and robust project pipeline suggest continued momentum for FY26, likely to be viewed favorably by the market.