Keystone Realtors Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
RUSTOMJEE · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.4 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Keystone Realtors (Rustomjee brand) announced audited FY25 results (consolidated and standalone) approved at the May 14, 2025 board meeting, with Price Waterhouse issuing an unmodified (clean) audit opinion. The board recommended a final dividend of ₹1.50 per share (15% on face value of ₹10), with record date set for May 23, 2025. On the consolidated side, revenue from operations fell about 10% YoY to ₹2,004 crore (from ₹2,222 crore), but profit after tax jumped roughly 69% to ₹188 crore (from ₹111 crore), with basic EPS rising to ₹13.85 from ₹9.85. The strong bottom-line growth came from sharply lower construction costs and better operating efficiency, as total expenses dropped to ₹1,854 crore from ₹2,160 crore. During the year, the company also raised ₹800 crore via a QIP in May 2024, of which ~₹720 crore has been utilised.
Mixed picture for shareholders: top-line weakness in real estate sales but strong profit growth and margin expansion point to better cost discipline and pricing power. Final dividend of ₹1.50/share offers modest yield, and the healthy PAT growth along with a clean audit opinion should be viewed positively, even as revenue contraction may draw some investor attention.